Average transaction cost of sending remittances from a specific in Russia
Russia: Average transaction cost of sending remittances from a specific was 1.7% in 2021. ▼ Falling
Average transaction cost of sending remittances from a specific in Russia, 2016–2021
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2021, average transaction cost of sending remittances from a specific in Russia stood at 1.7%.
That represents a change of down 18.2% on the previous year and down 16.4% over ten years.
Russia ranks 42nd of 44 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances from a specific in Russia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 2.1% | — |
| 2017 | 2.9% | +38.1% |
| 2018 | 2.6% | -9.5% |
| 2019 | 1.5% | -41.3% |
| 2020 | 2.1% | +39.4% |
| 2021 | 1.7% | -18.2% |
Russia compared with similar countries
- Russia's 1.7% is below the median for high income countries, which is 3.0%, 57% of the median. (30 countries reporting)
- Russia's 1.7% is below the median for Europe & Central Asia, which is 2.9%, 60% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.3% | 1.5% | 2.9% | 4 |
| 2020s | 1.9% | 1.7% | 2.1% | 2 |
Countries ranked near Russia
More financial sector data for Russia
- 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 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 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 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 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 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 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 Russia?
- Average transaction cost of sending remittances from a specific in Russia was 1.7% in 2021, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances from a specific recorded in Russia?
- The highest recorded value was 2.9% in 2017.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Russia?
- The lowest recorded value was 1.5% in 2019.
- How does Russia rank for average transaction cost of sending remittances from a specific?
- Russia ranks 42nd out of 44 countries with data for 2021.
- Is average transaction cost of sending remittances from a specific rising or falling in Russia?
- Over the last ten years it is down 16.4%. The long-run trend across the full record is falling.
- Where does this Russia 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 — 6 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.