Average transaction cost of sending remittances from a specific in Chile
Chile: Average transaction cost of sending remittances from a specific was 5.1% in 2023. ▬ Flat
Average transaction cost of sending remittances from a specific in Chile, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Chile recorded 5.1% for average transaction cost of sending remittances from a specific in 2023.
Compared with earlier readings it is down 2.3% on the previous year and down 3.4% over ten years.
Chile ranks 9th of 44 countries on this measure, in the top quarter.
Average transaction cost of sending remittances from a specific in Chile, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.3% | — |
| 2017 | 6.7% | +25.9% |
| 2018 | 3.8% | -43.1% |
| 2019 | 2.5% | -34.7% |
| 2020 | 7.2% | +188.6% |
| 2021 | 5.0% | -29.6% |
| 2022 | 5.3% | +4.1% |
| 2023 | 5.1% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.6% | 2.5% | 6.7% | 4 |
| 2020s | 5.7% | 5.0% | 7.2% | 4 |
Countries ranked near Chile
More financial sector data for Chile
- Net domestic credit (current LCU), per capita 14.07 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 781.99 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.69 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 276,500 SDR (2025)
- Gold reserves at market value 25.20 million SDR (2025)
- Reserves excluding gold, foreign exchange 33.11 billion SDR (2025)
- Reserves excluding gold 36.08 billion SDR (2025)
- Total reserves (gold at market value) 36.11 billion SDR (2025)
- Total reserves (gold at national valuation) 36.11 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,818 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Chile?
- Average transaction cost of sending remittances from a specific in Chile was 5.1% 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 Chile?
- The highest recorded value was 7.2% in 2020.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Chile?
- The lowest recorded value was 2.5% in 2019.
- How does Chile rank for average transaction cost of sending remittances from a specific?
- Chile ranks 9th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Chile?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is flat.
- Where does this Chile 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.
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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.