Average transaction cost of sending remittances from a specific in Costa Rica
Costa Rica: Average transaction cost of sending remittances from a specific was 2.8% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Costa Rica, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
The most recent figure for average transaction cost of sending remittances from a specific in Costa Rica is 2.8%, measured in 2023.
Compared with earlier readings it is up 50.7% on the previous year and down 2.9% over ten years.
Costa Rica ranks 32nd of 44 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances from a specific in Costa Rica, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 2.9% | — |
| 2017 | 2.5% | -14.3% |
| 2018 | 2.4% | -3.3% |
| 2019 | 2.7% | +11.2% |
| 2020 | 2.9% | +7.0% |
| 2021 | 2.8% | -1.4% |
| 2022 | 1.9% | -33.6% |
| 2023 | 2.8% | +50.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.6% | 2.4% | 2.9% | 4 |
| 2020s | 2.6% | 1.9% | 2.9% | 4 |
Countries ranked near Costa Rica
More financial sector data for Costa Rica
- 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 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.96 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 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 13.85 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 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.96 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 Costa Rica?
- Average transaction cost of sending remittances from a specific in Costa Rica was 2.8% 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 Costa Rica?
- The highest recorded value was 2.9% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Costa Rica?
- The lowest recorded value was 1.9% in 2022.
- How does Costa Rica rank for average transaction cost of sending remittances from a specific?
- Costa Rica ranks 32nd out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Costa Rica?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is falling.
- Where does this Costa Rica 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.