Latvia vs North Macedonia: Average transaction cost of sending remittances to a specific country
Latvia
2.1%
in 2021
North Macedonia
2.1%
in 2023
Latvia rank
72nd
North Macedonia rank
70th
Average transaction cost of sending remittances to a specific country over time
- Latvia
- North Macedonia
How they compare
North Macedonia currently reports 2.1% against 2.1% in Latvia, a difference of 0.0%.
Across all 6 years both countries report, North Macedonia has been ahead every year.
Latvia ranks 72nd and North Macedonia ranks 70th of 100 countries.
North Macedonia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | North Macedonia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.3% | 8.6% | 4.3% | North Macedonia |
| 2020s | 2.9% | 3.5% | 0.6% | North Macedonia |
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, Latvia or North Macedonia?
- North Macedonia, at 2.1% against 2.1% in Latvia as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Latvia and North Macedonia?
- 0.0%, with North Macedonia ahead.
- How many years of comparable data are there for Latvia and North Macedonia?
- 6 years are reported by both, from 2016 to 2021.
- How do Latvia and North Macedonia rank globally for average transaction cost of sending remittances to a specific country?
- Latvia ranks 72nd and North Macedonia ranks 70th 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.