Malawi vs Senegal: Average transaction cost of sending remittances to a specific country
Malawi
-49.7%
in 2023
Senegal
0.7%
in 2023
Malawi rank
100th
Senegal rank
97th
Average transaction cost of sending remittances to a specific country over time
- Malawi
- Senegal
How they compare
Senegal currently reports 0.7% against -49.7% in Malawi, a difference of 50.4%.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was Malawi ahead.
Malawi ranks 100th and Senegal ranks 97th of 100 countries.
Across the 2 decades both report, Malawi averaged higher in 1 and Senegal in 1.
Head to head by decade
| Decade | Malawi | Senegal | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.3% | 4.4% | 8.9% | Malawi |
| 2020s | -10.8% | 2.3% | 13.1% | Senegal |
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, Malawi or Senegal?
- Senegal, at 0.7% against -49.7% in Malawi as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Malawi and Senegal?
- 50.4%, with Senegal ahead.
- How many years of comparable data are there for Malawi and Senegal?
- 8 years are reported by both, from 2016 to 2023.
- How do Malawi and Senegal rank globally for average transaction cost of sending remittances to a specific country?
- Malawi ranks 100th and Senegal ranks 97th 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.