Cuba vs Sierra Leone: Average transaction cost of sending remittances to a specific country
Cuba
19.6%
in 2023
Sierra Leone
10.3%
in 2023
Cuba rank
1st
Sierra Leone rank
3rd
Average transaction cost of sending remittances to a specific country over time
- Cuba
- Sierra Leone
How they compare
Cuba currently reports 19.6% against 10.3% in Sierra Leone, a difference of 9.3%.
That makes Cuba's figure about 1.9 times Sierra Leone's.
The two have swapped places 1 time across 7 shared years of data; in 2016 it was Sierra Leone ahead.
Cuba ranks 1st and Sierra Leone ranks 3rd of 100 countries.
Across the 2 decades both report, Cuba averaged higher in 1 and Sierra Leone in 1.
Head to head by decade
| Decade | Cuba | Sierra Leone | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.9% | 11.3% | 4.4% | Sierra Leone |
| 2020s | 14.4% | 10.3% | 4.2% | Cuba |
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, Cuba or Sierra Leone?
- Cuba, at 19.6% against 10.3% in Sierra Leone as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Cuba and Sierra Leone?
- 9.3%, with Cuba ahead.
- How many years of comparable data are there for Cuba and Sierra Leone?
- 7 years are reported by both, from 2016 to 2023.
- How do Cuba and Sierra Leone rank globally for average transaction cost of sending remittances to a specific country?
- Cuba ranks 1st and Sierra Leone ranks 3rd 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.