Estonia vs Madagascar: Average transaction cost of sending remittances to a specific country
Estonia
2.8%
in 2021
Madagascar
2.9%
in 2023
Estonia rank
53rd
Madagascar rank
50th
Average transaction cost of sending remittances to a specific country over time
- Estonia
- Madagascar
How they compare
Madagascar currently reports 2.9% against 2.8% in Estonia, a difference of 0.1%.
That makes Madagascar's figure about 1.1 times Estonia's.
Across all 5 years both countries report, Madagascar has been ahead every year.
Estonia ranks 53rd and Madagascar ranks 50th of 100 countries.
Madagascar has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Estonia | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.9% | 10.7% | 5.8% | Madagascar |
| 2020s | 4.1% | 15.5% | 11.4% | Madagascar |
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, Estonia or Madagascar?
- Madagascar, at 2.9% against 2.8% in Estonia as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Estonia and Madagascar?
- 0.1%, with Madagascar ahead.
- How many years of comparable data are there for Estonia and Madagascar?
- 5 years are reported by both, from 2016 to 2021.
- How do Estonia and Madagascar rank globally for average transaction cost of sending remittances to a specific country?
- Estonia ranks 53rd and Madagascar ranks 50th 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.