Average transaction cost of sending remittances from a specific in Brazil
Brazil: Average transaction cost of sending remittances from a specific was 4.6% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Brazil, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Brazil stood at 4.6%. That is the lowest value across all 8 years on record.
The figure is down 26.9% on the previous year and down 33.5% over ten years.
Brazil ranks 11th of 44 countries on this measure, in the top quarter.
Average transaction cost of sending remittances from a specific in Brazil, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.9% | — |
| 2017 | 6.8% | -1.6% |
| 2018 | 5.6% | -17.4% |
| 2019 | 7.4% | +32.2% |
| 2020 | 8.0% | +7.6% |
| 2021 | 5.5% | -30.6% |
| 2022 | 6.3% | +13.4% |
| 2023 | 4.6% | -26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.7% | 5.6% | 7.4% | 4 |
| 2020s | 6.1% | 4.6% | 8.0% | 4 |
Countries ranked near Brazil
More financial sector data for Brazil
- Reserve position in the IMF, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.54 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 13.87 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.54 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Brazil?
- Average transaction cost of sending remittances from a specific in Brazil was 4.6% 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 Brazil?
- The highest recorded value was 8.0% in 2020.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Brazil?
- The lowest recorded value was 4.6% in 2023.
- How does Brazil rank for average transaction cost of sending remittances from a specific?
- Brazil ranks 11th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Brazil?
- Over the last ten years it is down 33.5%. The long-run trend across the full record is falling.
- Where does this Brazil 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
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.