Average transaction cost of sending remittances from a specific in Qatar
Qatar: Average transaction cost of sending remittances from a specific was 4.3% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Qatar, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
The most recent figure for average transaction cost of sending remittances from a specific in Qatar is 4.3%, measured in 2023.
The figure is up 19.1% on the previous year and down 14.4% over ten years.
That places Qatar 14th 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 Qatar, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.0% | — |
| 2017 | 4.7% | -7.1% |
| 2018 | 3.9% | -17.6% |
| 2019 | 3.5% | -10.0% |
| 2020 | 3.9% | +11.5% |
| 2021 | 2.6% | -32.4% |
| 2022 | 3.6% | +38.5% |
| 2023 | 4.3% | +19.1% |
Qatar compared with similar countries
- Qatar's 4.3% is above the median for high income countries, which is 3.0%, 1.4× the median. (30 countries reporting)
- Qatar's 4.3% 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 | 4.3% | 3.5% | 5.0% | 4 |
| 2020s | 3.6% | 2.6% | 4.3% | 4 |
Countries ranked near Qatar
- 11 Brazil 4.6% compare
- 12 Saudi Arabia 4.5% compare
- 13 Oman 4.4% compare
- 15 South Korea 4.2% compare
- 16 Switzerland 4.1% compare
- 17 New Zealand 3.9% compare
More financial sector data for Qatar
- Reserve position in the IMF, US dollar, annual growth rate 8.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 88.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.24 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 64.45 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 88.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.24 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Qatar?
- Average transaction cost of sending remittances from a specific in Qatar was 4.3% 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 Qatar?
- The highest recorded value was 5.0% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Qatar?
- The lowest recorded value was 2.6% in 2021.
- How does Qatar rank for average transaction cost of sending remittances from a specific?
- Qatar ranks 14th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Qatar?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is falling.
- Where does this Qatar 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.