Latvia vs Thailand: Average transaction cost of sending remittances to a specific country
Latvia
2.1%
in 2021
Thailand
2.0%
in 2023
Latvia rank
72nd
Thailand rank
74th
Average transaction cost of sending remittances to a specific country over time
- Latvia
- Thailand
How they compare
Latvia currently reports 2.1% against 2.0% in Thailand, a difference of 0.1%.
The two have swapped places 3 times across 6 shared years of data; in 2016 it was Thailand ahead.
Latvia ranks 72nd and Thailand ranks 74th of 100 countries.
Across the 2 decades both report, Latvia averaged higher in 1 and Thailand in 1.
Head to head by decade
| Decade | Latvia | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.3% | 6.1% | 1.9% | Thailand |
| 2020s | 2.9% | 2.1% | 0.8% | Latvia |
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 Thailand?
- Latvia, at 2.1% against 2.0% in Thailand as of 2021.
- What is the difference in average transaction cost of sending remittances to a specific country between Latvia and Thailand?
- 0.1%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Thailand?
- 6 years are reported by both, from 2016 to 2021.
- How do Latvia and Thailand rank globally for average transaction cost of sending remittances to a specific country?
- Latvia ranks 72nd and Thailand ranks 74th 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.