Lao People's Democratic Republic vs Tanzania, United Republic of: Average transaction cost of sending remittances to a specific country
Average transaction cost of sending remittances to a specific country over time
- Lao People's Democratic Republic
- Tanzania, United Republic of
How they compare
Tanzania, United Republic of currently reports 5.3% against 4.9% in Lao People's Democratic Republic, a difference of 0.4%.
That makes Tanzania, United Republic of's figure about 1.1 times Lao People's Democratic Republic's.
The two have swapped places 3 times across 8 shared years of data; in 2016 it was Lao People's Democratic Republic ahead.
Lao People's Democratic Republic ranks 23rd and Tanzania, United Republic of ranks 20th of 100 countries.
Tanzania, United Republic of has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Tanzania, United Republic of | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.2% | 9.0% | 2.8% | Tanzania, United Republic of |
| 2020s | 4.3% | 4.9% | 0.6% | Tanzania, United Republic of |
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, Lao People's Democratic Republic or Tanzania, United Republic of?
- Tanzania, United Republic of, at 5.3% against 4.9% in Lao People's Democratic Republic as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Lao People's Democratic Republic and Tanzania, United Republic of?
- 0.4%, with Tanzania, United Republic of ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Tanzania, United Republic of?
- 8 years are reported by both, from 2016 to 2023.
- How do Lao People's Democratic Republic and Tanzania, United Republic of rank globally for average transaction cost of sending remittances to a specific country?
- Lao People's Democratic Republic ranks 23rd and Tanzania, United Republic of ranks 20th 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.