Mexico vs Nepal: Average transaction cost of sending remittances to a specific country
Mexico
2.7%
in 2023
Nepal
2.5%
in 2023
Mexico rank
54th
Nepal rank
57th
Average transaction cost of sending remittances to a specific country over time
- Mexico
- Nepal
How they compare
Mexico currently reports 2.7% against 2.5% in Nepal, a difference of 0.2%.
The two have swapped places 4 times across 8 shared years of data; in 2016 it was Mexico ahead.
Mexico ranks 54th and Nepal ranks 57th of 100 countries.
Nepal has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Mexico | Nepal | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.1% | 4.6% | 0.5% | Nepal |
| 2020s | 2.0% | 2.7% | 0.7% | Nepal |
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, Mexico or Nepal?
- Mexico, at 2.7% against 2.5% in Nepal as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Mexico and Nepal?
- 0.2%, with Mexico ahead.
- How many years of comparable data are there for Mexico and Nepal?
- 8 years are reported by both, from 2016 to 2023.
- How do Mexico and Nepal rank globally for average transaction cost of sending remittances to a specific country?
- Mexico ranks 54th and Nepal ranks 57th 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.