Average transaction cost of sending remittances from a specific in Rwanda
Rwanda: Average transaction cost of sending remittances from a specific was 7.6% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Rwanda, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Rwanda recorded 7.6% for average transaction cost of sending remittances from a specific in 2023.
The figure is down 1.2% on the previous year and down 12.3% over ten years.
That places Rwanda 6th out of 44 countries with data for 2023, putting it in the top quarter.
Average transaction cost of sending remittances from a specific in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.6% | — |
| 2017 | 10.1% | +17.8% |
| 2018 | 11.4% | +12.4% |
| 2019 | 6.4% | -44.1% |
| 2020 | 8.6% | +35.4% |
| 2021 | 7.0% | -18.6% |
| 2022 | 7.6% | +8.8% |
| 2023 | 7.6% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.1% | 6.4% | 11.4% | 4 |
| 2020s | 7.7% | 7.0% | 8.6% | 4 |
Countries ranked near Rwanda
More financial sector data for Rwanda
- Net domestic credit (current LCU), per capita 401,388 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 357.19 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 31.82 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2004)
- Gold reserves at market value 0 SDR (2004)
- Reserves excluding gold, foreign exchange 1.40 billion SDR (2025)
- Reserves excluding gold 1.43 billion SDR (2025)
- Total reserves (gold at market value) 1.43 billion SDR (2025)
- Total reserves (gold at national valuation) 1.43 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 98.37 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Rwanda?
- Average transaction cost of sending remittances from a specific in Rwanda was 7.6% 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 Rwanda?
- The highest recorded value was 11.4% in 2018.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Rwanda?
- The lowest recorded value was 6.4% in 2019.
- How does Rwanda rank for average transaction cost of sending remittances from a specific?
- Rwanda ranks 6th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Rwanda?
- Over the last ten years it is down 12.3%. The long-run trend across the full record is falling.
- Where does this Rwanda 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.