Average transaction cost of sending remittances from a specific in New Zealand
New Zealand: Average transaction cost of sending remittances from a specific was 3.9% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in New Zealand, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
New Zealand recorded 3.9% for average transaction cost of sending remittances from a specific in 2023.
The figure is up 22.3% on the previous year and down 47.4% over ten years.
That places New Zealand 17th 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 New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.4% | — |
| 2017 | 5.8% | -21.7% |
| 2018 | 4.2% | -27.3% |
| 2019 | 4.0% | -4.2% |
| 2020 | 4.1% | +0.4% |
| 2021 | 4.1% | +0.6% |
| 2022 | 3.2% | -21.9% |
| 2023 | 3.9% | +22.3% |
New Zealand compared with similar countries
- New Zealand's 3.9% is above the median for high income countries, which is 3.0%, 1.3× the median. (30 countries reporting)
- New Zealand's 3.9% is above the median for East Asia & Pacific, which is 2.9%, 1.4× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.4% | 4.0% | 7.4% | 4 |
| 2020s | 3.8% | 3.2% | 4.1% | 4 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Reserve position in the IMF, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 81.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 59.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 81.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in New Zealand?
- Average transaction cost of sending remittances from a specific in New Zealand was 3.9% 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 New Zealand?
- The highest recorded value was 7.4% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in New Zealand?
- The lowest recorded value was 3.2% in 2022.
- How does New Zealand rank for average transaction cost of sending remittances from a specific?
- New Zealand ranks 17th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in New Zealand?
- Over the last ten years it is down 47.4%. The long-run trend across the full record is falling.
- Where does this New Zealand 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.