Laos vs Nigeria: Average transaction cost of sending remittances to a specific country
Laos
4.9%
in 2023
Nigeria
4.6%
in 2023
Laos rank
23rd
Nigeria rank
26th
Average transaction cost of sending remittances to a specific country over time
- Laos
- Nigeria
How they compare
Laos currently reports 4.9% against 4.6% in Nigeria, a difference of 0.3%.
That makes Laos's figure about 1.1 times Nigeria's.
The two have swapped places 2 times across 8 shared years of data; in 2016 it was Laos ahead.
Laos ranks 23rd and Nigeria ranks 26th of 100 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Laos | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.2% | 7.9% | 1.7% | Nigeria |
| 2020s | 4.3% | 5.0% | 0.7% | Nigeria |
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, Laos or Nigeria?
- Laos, at 4.9% against 4.6% in Nigeria as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Laos and Nigeria?
- 0.3%, with Laos ahead.
- How many years of comparable data are there for Laos and Nigeria?
- 8 years are reported by both, from 2016 to 2023.
- How do Laos and Nigeria rank globally for average transaction cost of sending remittances to a specific country?
- Laos ranks 23rd and Nigeria ranks 26th 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.