India vs Serbia: Average transaction cost of sending remittances to a specific country
India
1.8%
in 2023
Serbia
1.9%
in 2023
India rank
83rd
Serbia rank
80th
Average transaction cost of sending remittances to a specific country over time
- India
- Serbia
How they compare
Serbia currently reports 1.9% against 1.8% in India, a difference of 0.1%.
That makes Serbia's figure about 1.1 times India's.
Across all 8 years both countries report, Serbia has been ahead every year.
India ranks 83rd and Serbia ranks 80th of 100 countries.
Serbia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | India | Serbia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.7% | 7.4% | 3.7% | Serbia |
| 2020s | 2.0% | 2.7% | 0.7% | Serbia |
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, India or Serbia?
- Serbia, at 1.9% against 1.8% in India as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between India and Serbia?
- 0.1%, with Serbia ahead.
- How many years of comparable data are there for India and Serbia?
- 8 years are reported by both, from 2016 to 2023.
- How do India and Serbia rank globally for average transaction cost of sending remittances to a specific country?
- India ranks 83rd and Serbia ranks 80th 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.