Average transaction cost of sending remittances from a specific in Oman
Oman: Average transaction cost of sending remittances from a specific was 4.4% in 2023. ▲ Rising
Average transaction cost of sending remittances from a specific in Oman, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Oman stood at 4.4%.
The figure is up 13.2% on the previous year and up 22.9% over ten years.
Oman ranks 13th of 44 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances from a specific in Oman, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 3.6% | — |
| 2018 | 4.2% | +15.1% |
| 2019 | 3.6% | -14.1% |
| 2020 | 3.8% | +5.7% |
| 2021 | 5.1% | +34.2% |
| 2022 | 3.9% | -22.5% |
| 2023 | 4.4% | +13.2% |
Oman compared with similar countries
- Oman's 4.4% is above the median for high income countries, which is 3.0%, 1.5× the median. (30 countries reporting)
- Oman's 4.4% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.3%, 1.0× the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.8% | 3.6% | 4.2% | 3 |
| 2020s | 4.3% | 3.8% | 5.1% | 4 |
Countries ranked near Oman
More financial sector data for Oman
- Reserve position in the IMF, US dollar, annual growth rate 7.04 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.73 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.93 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.04 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.73 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.93 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Oman?
- Average transaction cost of sending remittances from a specific in Oman was 4.4% 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 Oman?
- The highest recorded value was 5.1% in 2021.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Oman?
- The lowest recorded value was 3.6% in 2019.
- How does Oman rank for average transaction cost of sending remittances from a specific?
- Oman ranks 13th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Oman?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is rising.
- Where does this Oman 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
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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.