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% |
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 Republic of Korea 4.2% compare
- 16 Switzerland 4.1% compare
- 17 New Zealand 3.9% compare
More financial sector data for Qatar
- Net domestic credit (current LCU), per capita 517,098 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 7.13 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 6.58 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 129.63 million SDR (2025)
- Gold reserves at market value 11.81 billion SDR (2025)
- Reserves excluding gold, foreign exchange 27.78 billion SDR (2025)
- Reserves excluding gold 28.97 billion SDR (2025)
- Total reserves (gold at market value) 40.78 billion SDR (2025)
- Total reserves (gold at national valuation) 40.70 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 13,694 SDR per person (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.
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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.