Average transaction cost of sending remittances from a specific in Germany
Germany: Average transaction cost of sending remittances from a specific was 3.0% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Germany, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Germany stood at 3.0%. That is the lowest value across all 8 years on record.
The figure is down 8.6% on the previous year and down 69.0% over ten years.
That places Germany 27th 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 Germany, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.8% | — |
| 2017 | 6.2% | -36.7% |
| 2018 | 4.4% | -28.5% |
| 2019 | 4.3% | -2.7% |
| 2020 | 4.1% | -5.0% |
| 2021 | 3.8% | -7.1% |
| 2022 | 3.3% | -12.9% |
| 2023 | 3.0% | -8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.2% | 4.3% | 9.8% | 4 |
| 2020s | 3.6% | 3.0% | 4.1% | 4 |
Countries ranked near Germany
- 24 United Arab Emirates 3.1% compare
- 25 Côte d'Ivoire 3.1% compare
- 26 Netherlands 3.0% compare
- 28 Canada 3.0% compare
- 29 France 2.9% compare
- 30 Czechia 2.9% compare
More financial sector data for Germany
- Net domestic credit (current LCU), per capita 72,617 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.33 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -2.13 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 3.77 billion SDR (2025)
- Gold reserves at market value 343.54 billion SDR (2025)
- Reserves excluding gold, foreign exchange 27.33 billion SDR (2025)
- Reserves excluding gold 74.28 billion SDR (2025)
- Total reserves (gold at market value) 417.82 billion SDR (2025)
- Total reserves (gold at national valuation) 413.37 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,951 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Germany?
- Average transaction cost of sending remittances from a specific in Germany was 3.0% 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 Germany?
- The highest recorded value was 9.8% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Germany?
- The lowest recorded value was 3.0% in 2023.
- How does Germany rank for average transaction cost of sending remittances from a specific?
- Germany ranks 27th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Germany?
- Over the last ten years it is down 69.0%. The long-run trend across the full record is falling.
- Where does this Germany 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.