Average transaction cost of sending remittances from a specific in Kenya
Kenya: Average transaction cost of sending remittances from a specific was 5.3% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Kenya, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Kenya recorded 5.3% for average transaction cost of sending remittances from a specific in 2023.
The figure is up 31.0% on the previous year and down 25.1% over ten years.
That places Kenya 8th out of 44 countries with data for 2023, putting it in the top quarter.
Average transaction cost of sending remittances from a specific in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.0% | — |
| 2017 | 5.9% | -16.4% |
| 2018 | 5.8% | -0.5% |
| 2019 | 6.1% | +5.0% |
| 2020 | 5.6% | -8.4% |
| 2021 | 4.8% | -15.4% |
| 2022 | 4.0% | -15.7% |
| 2023 | 5.3% | +31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.2% | 5.8% | 7.0% | 4 |
| 2020s | 4.9% | 4.0% | 5.6% | 4 |
Countries ranked near Kenya
More financial sector data for Kenya
- Net domestic credit (current LCU), per capita 129,188 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 66.5 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 12.6 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 19,618 SDR (2025)
- Gold reserves at market value 1.79 million SDR (2025)
- Reserves excluding gold, foreign exchange 8.93 billion SDR (2025)
- Reserves excluding gold 9.05 billion SDR (2025)
- Total reserves (gold at market value) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 157.31 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Kenya?
- Average transaction cost of sending remittances from a specific in Kenya was 5.3% 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 Kenya?
- The highest recorded value was 7.0% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Kenya?
- The lowest recorded value was 4.0% in 2022.
- How does Kenya rank for average transaction cost of sending remittances from a specific?
- Kenya ranks 8th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Kenya?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is falling.
- Where does this Kenya 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.
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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.