Average transaction cost of sending remittances from a specific in Bahrain
Bahrain: Average transaction cost of sending remittances from a specific was 3.8% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Bahrain, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Bahrain recorded 3.8% for average transaction cost of sending remittances from a specific in 2023.
That represents a change of up 62.1% on the previous year and down 13.6% over ten years.
Bahrain ranks 18th of 44 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances from a specific in Bahrain, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 4.4% | — |
| 2017 | 1.8% | -59.1% |
| 2018 | 2.0% | +7.8% |
| 2019 | 3.7% | +88.4% |
| 2020 | 3.2% | -12.1% |
| 2021 | 1.9% | -40.1% |
| 2022 | 2.4% | +21.9% |
| 2023 | 3.8% | +62.1% |
Bahrain compared with similar countries
- Bahrain's 3.8% is above the median for high income countries, which is 3.0%, 1.3× the median. (30 countries reporting)
- Bahrain's 3.8% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.3%, 89% of the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.0% | 1.8% | 4.4% | 4 |
| 2020s | 2.8% | 1.9% | 3.8% | 4 |
Countries ranked near Bahrain
- 15 Korea 4.2% compare
- 16 Switzerland 4.1% compare
- 17 New Zealand 3.9% compare
- 19 Belgium 3.8% compare
- 20 South Africa 3.7% compare
- 21 Thailand 3.6% compare
More financial sector data for Bahrain
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0038 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 116.55 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 85.11 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0038 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 116.55 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Bahrain?
- Average transaction cost of sending remittances from a specific in Bahrain was 3.8% in 2023, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances from a specific recorded in Bahrain?
- The highest recorded value was 4.4% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Bahrain?
- The lowest recorded value was 1.8% in 2017.
- How does Bahrain rank for average transaction cost of sending remittances from a specific?
- Bahrain ranks 18th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Bahrain?
- Over the last ten years it is down 13.6%. The long-run trend across the full record is falling.
- Where does this Bahrain data come from?
- The figures come from Remittance Prices Worldwide, World Bank (WB), published as part of Average transaction cost of sending remittances from a specific country (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Average transaction cost of sending remittance from 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 from a specific country.