Nicaragua vs Sri Lanka: Average transaction cost of sending remittances to a specific country
Nicaragua
2.3%
in 2023
Sri Lanka
2.2%
in 2023
Nicaragua rank
64th
Sri Lanka rank
67th
Average transaction cost of sending remittances to a specific country over time
- Nicaragua
- Sri Lanka
How they compare
Nicaragua currently reports 2.3% against 2.2% in Sri Lanka, a difference of 0.1%.
That makes Nicaragua's figure about 1.1 times Sri Lanka's.
The two have swapped places 3 times across 8 shared years of data; in 2016 it was Sri Lanka ahead.
Nicaragua ranks 64th and Sri Lanka ranks 67th of 100 countries.
Across the 2 decades both report, Nicaragua averaged higher in 1 and Sri Lanka in 1.
Head to head by decade
| Decade | Nicaragua | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.4% | 3.8% | 0.3% | Sri Lanka |
| 2020s | 2.4% | 2.2% | 0.2% | Nicaragua |
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, Nicaragua or Sri Lanka?
- Nicaragua, at 2.3% against 2.2% in Sri Lanka as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Nicaragua and Sri Lanka?
- 0.1%, with Nicaragua ahead.
- How many years of comparable data are there for Nicaragua and Sri Lanka?
- 8 years are reported by both, from 2016 to 2023.
- How do Nicaragua and Sri Lanka rank globally for average transaction cost of sending remittances to a specific country?
- Nicaragua ranks 64th and Sri Lanka ranks 67th 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.