Average transaction cost of sending remittances from a specific in Türkiye
Türkiye: Average transaction cost of sending remittances from a specific was 10.0% in 2023. ▲ Rising
Average transaction cost of sending remittances from a specific in Türkiye, 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 Türkiye is 10.0%, measured in 2023.
That represents a change of down 32.3% on the previous year and down 4.1% over ten years.
Türkiye ranks 4th of 44 countries on this measure, in the top 10%.
Average transaction cost of sending remittances from a specific in Türkiye, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.4% | — |
| 2017 | 12.2% | +18.0% |
| 2018 | 9.9% | -18.8% |
| 2019 | 10.3% | +3.4% |
| 2020 | 8.2% | -19.8% |
| 2021 | 13.4% | +63.2% |
| 2022 | 14.7% | +9.5% |
| 2023 | 10.0% | -32.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.7% | 9.9% | 12.2% | 4 |
| 2020s | 11.6% | 8.2% | 14.7% | 4 |
Countries ranked near Türkiye
More financial sector data for Türkiye
- 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.8 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.31 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 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.8 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 Türkiye?
- Average transaction cost of sending remittances from a specific in Türkiye was 10.0% 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 Türkiye?
- The highest recorded value was 14.7% in 2022.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Türkiye?
- The lowest recorded value was 8.2% in 2020.
- How does Türkiye rank for average transaction cost of sending remittances from a specific?
- Türkiye ranks 4th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Türkiye?
- Over the last ten years it is down 4.1%. The long-run trend across the full record is rising.
- Where does this Türkiye 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.