Colombia vs Nicaragua: Average transaction cost of sending remittances to a specific country
Colombia
2.4%
in 2023
Nicaragua
2.3%
in 2023
Colombia rank
61st
Nicaragua rank
64th
Average transaction cost of sending remittances to a specific country over time
- Colombia
- Nicaragua
How they compare
Colombia currently reports 2.4% against 2.3% in Nicaragua, a difference of 0.1%.
The two have swapped places 4 times across 8 shared years of data; in 2016 it was Colombia ahead.
Colombia ranks 61st and Nicaragua ranks 64th of 100 countries.
Across the 2 decades both report, Colombia averaged higher in 1 and Nicaragua in 1.
Head to head by decade
| Decade | Colombia | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.5% | 3.4% | 1.1% | Colombia |
| 2020s | 2.4% | 2.4% | 0.0% | Nicaragua |
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, Colombia or Nicaragua?
- Colombia, at 2.4% against 2.3% in Nicaragua as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Colombia and Nicaragua?
- 0.1%, with Colombia ahead.
- How many years of comparable data are there for Colombia and Nicaragua?
- 8 years are reported by both, from 2016 to 2023.
- How do Colombia and Nicaragua rank globally for average transaction cost of sending remittances to a specific country?
- Colombia ranks 61st and Nicaragua ranks 64th 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.