Average transaction cost of sending remittances from a specific in Netherlands
Netherlands: 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 Netherlands, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Netherlands stood at 3.0%. That is the lowest value across all 8 years on record.
That represents a change of down 10.3% on the previous year and down 65.7% over ten years.
Netherlands ranks 26th of 44 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances from a specific in Netherlands, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.8% | — |
| 2017 | 7.9% | -10.6% |
| 2018 | 6.4% | -19.1% |
| 2019 | 5.1% | -20.7% |
| 2020 | 5.2% | +3.4% |
| 2021 | 3.2% | -39.2% |
| 2022 | 3.4% | +6.2% |
| 2023 | 3.0% | -10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.0% | 5.1% | 8.8% | 4 |
| 2020s | 3.7% | 3.0% | 5.2% | 4 |
Countries ranked near Netherlands
- 23 United States of America 3.5% compare
- 24 United Arab Emirates 3.1% compare
- 25 Côte d'Ivoire 3.1% compare
- 27 Germany 3.0% compare
- 28 Canada 3.0% compare
- 29 France 2.9% compare
More financial sector data for Netherlands
- Net domestic credit (current LCU), per capita 92,550 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.46 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -5.38 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 689.18 million SDR (2025)
- Gold reserves at market value 62.80 billion SDR (2025)
- Reserves excluding gold, foreign exchange 6.18 billion SDR (2025)
- Reserves excluding gold 23.40 billion SDR (2025)
- Total reserves (gold at market value) 86.20 billion SDR (2025)
- Total reserves (gold at national valuation) 85.39 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,721 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Netherlands?
- Average transaction cost of sending remittances from a specific in Netherlands 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 Netherlands?
- The highest recorded value was 8.8% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Netherlands?
- The lowest recorded value was 3.0% in 2023.
- How does Netherlands rank for average transaction cost of sending remittances from a specific?
- Netherlands ranks 26th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Netherlands?
- Over the last ten years it is down 65.7%. The long-run trend across the full record is falling.
- Where does this Netherlands 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.