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% |
Netherlands compared with similar countries
- Netherlands's 3.0% is above the median for high income countries, which is 3.0%, 1.0× the median. (30 countries reporting)
- Netherlands's 3.0% is above the median for Europe & Central Asia, which is 2.9%, 1.0× the median. (15 countries reporting)
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 3.5% compare
- 24 United Arab Emirates 3.1% compare
- 25 Cote 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
- Reserve position in the IMF, US dollar, annual growth rate 12.71 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 174.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.33 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 127.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 12.71 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 174.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.33 % change on previous year (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.