Average transaction cost of sending remittances from a specific in Japan
Japan: Average transaction cost of sending remittances from a specific was 2.6% in 2023. ◆ Volatile
Average transaction cost of sending remittances from a specific in Japan, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Japan recorded 2.6% for average transaction cost of sending remittances from a specific in 2023. That is the lowest value across all 8 years on record.
That represents a change of down 5.0% on the previous year and down 74.1% over ten years.
That places Japan 33rd 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 Japan, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.1% | — |
| 2017 | 3.5% | -65.4% |
| 2018 | 3.3% | -6.0% |
| 2019 | 3.6% | +9.7% |
| 2020 | 3.3% | -9.5% |
| 2021 | 2.7% | -17.9% |
| 2022 | 2.8% | +2.7% |
| 2023 | 2.6% | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.1% | 3.3% | 10.1% | 4 |
| 2020s | 2.8% | 2.6% | 3.3% | 4 |
Countries ranked near Japan
More financial sector data for Japan
- Reserve position in the IMF, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.29 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.15 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 66.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.29 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.15 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Japan?
- Average transaction cost of sending remittances from a specific in Japan was 2.6% 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 Japan?
- The highest recorded value was 10.1% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Japan?
- The lowest recorded value was 2.6% in 2023.
- How does Japan rank for average transaction cost of sending remittances from a specific?
- Japan ranks 33rd out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Japan?
- Over the last ten years it is down 74.1%. The long-run trend across the full record is volatile.
- Where does this Japan 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.