How many years of comparable data are there for Rwanda and Somalia?

8 years are reported by both, from 2016 to 2023.

Rwanda vs Somalia: Average transaction cost of sending remittances to a specific country

Rwanda

5.8%

in 2023

Somalia

6.0%

in 2023

Rwanda rank

17th

Somalia rank

16th

Average transaction cost of sending remittances to a specific country over time

Rwanda
Somalia

How they compare

Somalia currently reports 6.0% against 5.8% in Rwanda, a difference of 0.2%.

The two have swapped places 3 times across 8 shared years of data; in 2016 it was Rwanda ahead.

Rwanda ranks 17th and Somalia ranks 16th of 100 countries.

Somalia has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Rwanda	Somalia	Difference	Ahead
2010s	7.7%	7.8%	0.1%	Somalia
2020s	5.1%	6.9%	1.8%	Somalia

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, Rwanda or Somalia?: Somalia, at 6.0% against 5.8% in Rwanda as of 2023.
What is the difference in average transaction cost of sending remittances to a specific country between Rwanda and Somalia?: 0.2%, with Somalia ahead.
How many years of comparable data are there for Rwanda and Somalia?: 8 years are reported by both, from 2016 to 2023.
How do Rwanda and Somalia rank globally for average transaction cost of sending remittances to a specific country?: Rwanda ranks 17th and Somalia ranks 16th 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.

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Rwanda vs Somalia: Average transaction cost of sending remittances to a specific country. Statizoid, drawing on Remittance Prices Worldwide, World Bank (WB). Retrieved 14 September 2026, from https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-to-a-specific-country-percent/rwanda/somalia-fed-rep/

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<a href="https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-to-a-specific-country-percent/rwanda/somalia-fed-rep/">Rwanda vs Somalia: Average transaction cost of sending remittances to a specific country</a> — Statizoid

About this data

Indicator: Average transaction cost of sending remittances to a specific country (%)
Unit: %
Source: Remittance Prices Worldwide, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 100 places, 776 data points, 2016–2023
Last refreshed: 03 September 2026

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.