Nepal vs Panama: Average transaction cost of sending remittances to a specific country
Nepal
2.5%
in 2023
Panama
2.5%
in 2023
Nepal rank
57th
Panama rank
59th
Average transaction cost of sending remittances to a specific country over time
- Nepal
- Panama
How they compare
Nepal currently reports 2.5% against 2.5% in Panama, a difference of 0.0%.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was Panama ahead.
Nepal ranks 57th and Panama ranks 59th of 100 countries.
Nepal has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nepal | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.6% | 4.2% | 0.3% | Nepal |
| 2020s | 2.7% | 2.3% | 0.4% | 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, Nepal or Panama?
- Nepal, at 2.5% against 2.5% in Panama as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Nepal and Panama?
- 0.0%, with Nepal ahead.
- How many years of comparable data are there for Nepal and Panama?
- 8 years are reported by both, from 2016 to 2023.
- How do Nepal and Panama rank globally for average transaction cost of sending remittances to a specific country?
- Nepal ranks 57th and Panama ranks 59th 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.