How many years of comparable data are there for Colombia and Turkey?

8 years are reported by both, from 2016 to 2023.

Colombia vs Turkey: Average transaction cost of sending remittances to a specific country

Colombia

2.4%

in 2023

Turkey

2.3%

in 2023

Colombia rank

61st

Turkey rank

63rd

Average transaction cost of sending remittances to a specific country over time

Colombia
Turkey

How they compare

Colombia currently reports 2.4% against 2.3% in Turkey, a difference of 0.1%.

The two have swapped places 5 times across 8 shared years of data; in 2016 it was Turkey ahead.

Colombia ranks 61st and Turkey ranks 63rd of 100 countries.

Turkey has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Colombia	Turkey	Difference	Ahead
2010s	4.5%	4.5%	0.0%	Turkey
2020s	2.4%	2.4%	0.1%	Turkey

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 Turkey?: Colombia, at 2.4% against 2.3% in Turkey as of 2023.
What is the difference in average transaction cost of sending remittances to a specific country between Colombia and Turkey?: 0.1%, with Colombia ahead.
How many years of comparable data are there for Colombia and Turkey?: 8 years are reported by both, from 2016 to 2023.
How do Colombia and Turkey rank globally for average transaction cost of sending remittances to a specific country?: Colombia ranks 61st and Turkey ranks 63rd 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.

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Colombia vs Turkey: Average transaction cost of sending remittances to a specific country. Statizoid, drawing on Remittance Prices Worldwide, World Bank (WB). Retrieved 12 November 2026, from https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-to-a-specific-country-percent/colombia/turkiye/

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<a href="https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-to-a-specific-country-percent/colombia/turkiye/">Colombia vs Turkey: Average transaction cost of sending remittances to a specific country</a> — Statizoid

About this data

Indicator: Average transaction cost of sending remittances to a specific country (%)
Unit: %
Source: Remittance Prices Worldwide, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 100 places, 776 data points, 2016–2023
Last refreshed: 29 October 2026

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.