Average transaction cost of sending remittances from a specific in Cameroon
Cameroon: Average transaction cost of sending remittances from a specific was 11.7% in 2023. ▲ Rising
Average transaction cost of sending remittances from a specific in Cameroon, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Cameroon stood at 11.7%.
That represents a change of up 17.4% on the previous year and up 68.5% over ten years.
Cameroon ranks 3rd of 44 countries on this measure, in the top 10%.
Average transaction cost of sending remittances from a specific in Cameroon, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.9% | — |
| 2018 | 14.6% | +110.4% |
| 2019 | 9.7% | -33.4% |
| 2020 | 16.0% | +64.9% |
| 2021 | 14.7% | -8.0% |
| 2022 | 9.9% | -32.5% |
| 2023 | 11.7% | +17.4% |
Cameroon compared with similar countries
- Cameroon's 11.7% is above the median for lower middle income countries, which is 6.5%, 1.8× the median. (6 countries reporting)
- Cameroon's 11.7% is above the median for Sub-Saharan Africa, which is 5.3%, 2.2× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.4% | 6.9% | 14.6% | 3 |
| 2020s | 13.1% | 9.9% | 16.0% | 4 |
Countries ranked near Cameroon
More financial sector data for Cameroon
- Reserve position in the IMF, US dollar, annual growth rate 27.34 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0753 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 21.26 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.055 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 27.34 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0753 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 21.26 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Cameroon?
- Average transaction cost of sending remittances from a specific in Cameroon was 11.7% 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 Cameroon?
- The highest recorded value was 16.0% in 2020.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Cameroon?
- The lowest recorded value was 6.9% in 2016.
- How does Cameroon rank for average transaction cost of sending remittances from a specific?
- Cameroon ranks 3rd out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Cameroon?
- Over the last ten years it is up 68.5%. The long-run trend across the full record is rising.
- Where does this Cameroon 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 — 7 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.