Average transaction cost of sending remittances from a specific in Pakistan
Pakistan: Average transaction cost of sending remittances from a specific was 7.8% in 2023. ▲ Rising
Average transaction cost of sending remittances from a specific in Pakistan, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Pakistan stood at 7.8%.
Compared with earlier readings it is down 16.5% on the previous year and up 162.8% over ten years.
That places Pakistan 5th out of 44 countries with data for 2023, putting it in the top 10%.
Average transaction cost of sending remittances from a specific in Pakistan, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 3.0% | — |
| 2018 | 8.9% | +199.5% |
| 2019 | 7.0% | -20.5% |
| 2020 | 7.9% | +12.0% |
| 2021 | 9.3% | +17.9% |
| 2023 | 7.8% | -16.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.3% | 3.0% | 8.9% | 3 |
| 2020s | 8.3% | 7.8% | 9.3% | 3 |
Countries ranked near Pakistan
More financial sector data for Pakistan
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0006 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0005 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0006 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Pakistan?
- Average transaction cost of sending remittances from a specific in Pakistan was 7.8% 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 Pakistan?
- The highest recorded value was 9.3% in 2021.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Pakistan?
- The lowest recorded value was 3.0% in 2016.
- How does Pakistan rank for average transaction cost of sending remittances from a specific?
- Pakistan ranks 5th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Pakistan?
- Over the last ten years it is up 162.8%. The long-run trend across the full record is rising.
- Where does this Pakistan 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.