Average transaction cost of sending remittances from a specific in Sweden
Sweden: Average transaction cost of sending remittances from a specific was 4.9% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in Sweden, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Sweden recorded 4.9% for average transaction cost of sending remittances from a specific in 2023.
The figure is up 3.6% on the previous year and down 44.2% over ten years.
Sweden ranks 10th of 44 countries on this measure, in the top quarter.
Average transaction cost of sending remittances from a specific in Sweden, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.7% | — |
| 2017 | 4.2% | -51.7% |
| 2018 | 5.3% | +26.6% |
| 2019 | 5.9% | +10.7% |
| 2020 | 4.5% | -23.6% |
| 2021 | 3.7% | -17.8% |
| 2022 | 4.7% | +26.6% |
| 2023 | 4.9% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.0% | 4.2% | 8.7% | 4 |
| 2020s | 4.4% | 3.7% | 4.9% | 4 |
Countries ranked near Sweden
More financial sector data for Sweden
- Reserve position in the IMF, US dollar, annual growth rate 5.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 151.52 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.843 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 110.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 151.52 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.843 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Sweden?
- Average transaction cost of sending remittances from a specific in Sweden was 4.9% 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 Sweden?
- The highest recorded value was 8.7% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Sweden?
- The lowest recorded value was 3.7% in 2021.
- How does Sweden rank for average transaction cost of sending remittances from a specific?
- Sweden ranks 10th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Sweden?
- Over the last ten years it is down 44.2%. The long-run trend across the full record is falling.
- Where does this Sweden 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.