Honduras vs Mexico: Average transaction cost of sending remittances to a specific country
Honduras
2.6%
in 2023
Mexico
2.7%
in 2023
Honduras rank
55th
Mexico rank
54th
Average transaction cost of sending remittances to a specific country over time
- Honduras
- Mexico
How they compare
Mexico currently reports 2.7% against 2.6% in Honduras, a difference of 0.1%.
The two have swapped places 4 times across 8 shared years of data; in 2016 it was Mexico ahead.
Honduras ranks 55th and Mexico ranks 54th of 100 countries.
Across the 2 decades both report, Honduras averaged higher in 1 and Mexico in 1.
Head to head by decade
| Decade | Honduras | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.0% | 4.1% | 0.1% | Mexico |
| 2020s | 2.4% | 2.0% | 0.4% | Honduras |
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, Honduras or Mexico?
- Mexico, at 2.7% against 2.6% in Honduras as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Honduras and Mexico?
- 0.1%, with Mexico ahead.
- How many years of comparable data are there for Honduras and Mexico?
- 8 years are reported by both, from 2016 to 2023.
- How do Honduras and Mexico rank globally for average transaction cost of sending remittances to a specific country?
- Honduras ranks 55th 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.