Average transaction cost of sending remittances from a specific in Kuwait
Kuwait: Average transaction cost of sending remittances from a specific was 2.4% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Kuwait, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Kuwait recorded 2.4% for average transaction cost of sending remittances from a specific in 2023.
That represents a change of down 2.3% on the previous year and down 17.4% over ten years.
Kuwait ranks 34th of 44 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances from a specific in Kuwait, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 2.9% | — |
| 2017 | 2.4% | -16.6% |
| 2018 | 2.8% | +13.7% |
| 2019 | 2.0% | -27.8% |
| 2020 | 2.6% | +31.4% |
| 2021 | 2.5% | -5.7% |
| 2022 | 2.5% | -0.3% |
| 2023 | 2.4% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.5% | 2.0% | 2.9% | 4 |
| 2020s | 2.5% | 2.4% | 2.6% | 4 |
Countries ranked near Kuwait
More financial sector data for Kuwait
- Net domestic credit (current LCU), per capita 9,517 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 0.2945 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 15.75 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 88.87 million SDR (2025)
- Gold reserves at market value 8.10 billion SDR (2025)
- Reserves excluding gold, foreign exchange 25.92 billion SDR (2025)
- Reserves excluding gold 29.68 billion SDR (2025)
- Total reserves (gold at market value) 37.78 billion SDR (2025)
- Total reserves (gold at national valuation) 29.76 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,116 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Kuwait?
- Average transaction cost of sending remittances from a specific in Kuwait was 2.4% 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 Kuwait?
- The highest recorded value was 2.9% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Kuwait?
- The lowest recorded value was 2.0% in 2019.
- How does Kuwait rank for average transaction cost of sending remittances from a specific?
- Kuwait ranks 34th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Kuwait?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is falling.
- Where does this Kuwait 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.