China vs Mexico: Average transaction cost of sending remittances to a specific country
China
2.8%
in 2023
Mexico
2.7%
in 2023
China rank
52nd
Mexico rank
54th
Average transaction cost of sending remittances to a specific country over time
- China
- Mexico
How they compare
China currently reports 2.8% against 2.7% in Mexico, a difference of 0.1%.
That makes China's figure about 1.1 times Mexico's.
Across all 8 years both countries report, China has been ahead every year.
China ranks 52nd and Mexico ranks 54th of 100 countries.
China has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | China | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 7.1% | 4.1% | 3.0% | China |
| 2020s | 3.4% | 2.0% | 1.4% | China |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances to a specific country, China or Mexico?
- China, at 2.8% against 2.7% in Mexico as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between China and Mexico?
- 0.1%, with China ahead.
- How many years of comparable data are there for China and Mexico?
- 8 years are reported by both, from 2016 to 2023.
- How do China and Mexico rank globally for average transaction cost of sending remittances to a specific country?
- China ranks 52nd and Mexico ranks 54th of 100 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances to a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.