Average transaction cost of sending remittances from a specific in Switzerland
Switzerland: Average transaction cost of sending remittances from a specific was 4.1% in 2023. ◆ Volatile
Average transaction cost of sending remittances from a specific in Switzerland, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Switzerland stood at 4.1%.
The figure is down 5.1% on the previous year and down 74.5% over ten years.
Switzerland ranks 16th of 44 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances from a specific in Switzerland, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 16.1% | — |
| 2017 | 7.7% | -52.3% |
| 2018 | 5.2% | -32.5% |
| 2019 | 4.2% | -20.1% |
| 2020 | 4.3% | +4.0% |
| 2021 | 3.2% | -26.2% |
| 2022 | 4.3% | +35.7% |
| 2023 | 4.1% | -5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.3% | 4.2% | 16.1% | 4 |
| 2020s | 4.0% | 3.2% | 4.3% | 4 |
Countries ranked near Switzerland
More financial sector data for Switzerland
- Reserve position in the IMF, US dollar, annual growth rate 10.03 % 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 230.34 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 4.78 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 168.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.03 % 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 230.34 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 4.78 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Switzerland?
- Average transaction cost of sending remittances from a specific in Switzerland was 4.1% 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 Switzerland?
- The highest recorded value was 16.1% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Switzerland?
- The lowest recorded value was 3.2% in 2021.
- How does Switzerland rank for average transaction cost of sending remittances from a specific?
- Switzerland ranks 16th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Switzerland?
- Over the last ten years it is down 74.5%. The long-run trend across the full record is volatile.
- Where does this Switzerland 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.