Average transaction cost of sending remittances from a specific in Czechia
Czechia: Average transaction cost of sending remittances from a specific was 2.9% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Czechia, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Czechia stood at 2.9%. That is the lowest value across all 8 years on record.
The figure is down 9.3% on the previous year and down 69.6% over ten years.
That places Czechia 30th out of 44 countries with data for 2023, putting it in the middle of the range.
Average transaction cost of sending remittances from a specific in Czechia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.5% | — |
| 2017 | 8.1% | -14.5% |
| 2018 | 6.6% | -19.4% |
| 2019 | 8.5% | +29.0% |
| 2020 | 5.1% | -40.4% |
| 2021 | 3.4% | -33.4% |
| 2022 | 3.2% | -5.2% |
| 2023 | 2.9% | -9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.2% | 6.6% | 9.5% | 4 |
| 2020s | 3.6% | 2.9% | 5.1% | 4 |
Countries ranked near Czechia
More financial sector data for Czechia
- Reserve position in the IMF, US dollar, annual growth rate 3.88 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 71.12 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -1.07 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 51.93 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 3.88 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 71.12 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -1.07 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Czechia?
- Average transaction cost of sending remittances from a specific in Czechia was 2.9% 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 Czechia?
- The highest recorded value was 9.5% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Czechia?
- The lowest recorded value was 2.9% in 2023.
- How does Czechia rank for average transaction cost of sending remittances from a specific?
- Czechia ranks 30th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Czechia?
- Over the last ten years it is down 69.6%. The long-run trend across the full record is falling.
- Where does this Czechia 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.