Average transaction cost of sending remittances from a specific in Israel
Israel: Average transaction cost of sending remittances from a specific was 13.4% in 2023. ▲ Rising
Average transaction cost of sending remittances from a specific in Israel, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Israel stood at 13.4%.
That represents a change of down 2.7% on the previous year and up 15.4% over ten years.
Israel ranks 1st of 44 countries on this measure, in the top 10%.
Average transaction cost of sending remittances from a specific in Israel, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 11.7% | — |
| 2018 | 12.9% | +10.3% |
| 2019 | 11.5% | -10.5% |
| 2020 | 12.1% | +4.8% |
| 2021 | 15.5% | +28.7% |
| 2022 | 13.8% | -11.0% |
| 2023 | 13.4% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.0% | 11.5% | 12.9% | 3 |
| 2020s | 13.7% | 12.1% | 15.5% | 4 |
Countries ranked near Israel
More financial sector data for Israel
- Reserve position in the IMF, US dollar, annual growth rate 5.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 65.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1794 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 47.93 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 65.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1794 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Israel?
- Average transaction cost of sending remittances from a specific in Israel was 13.4% 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 Israel?
- The highest recorded value was 15.5% in 2021.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Israel?
- The lowest recorded value was 11.5% in 2019.
- How does Israel rank for average transaction cost of sending remittances from a specific?
- Israel ranks 1st out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Israel?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- Where does this Israel 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.