Average transaction cost of sending remittances from a specific in United States of America
United States of America: Average transaction cost of sending remittances from a specific was 3.5% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in United States of America, 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 United States of America is 3.5%, measured in 2023.
Compared with earlier readings it is up 28.8% on the previous year and down 46.3% over ten years.
That places United States of America 23rd out of 44 countries with data for 2023, putting it in the middle of the range.
Average transaction cost of sending remittances from a specific in United States of America, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.5% | — |
| 2017 | 5.8% | -10.5% |
| 2018 | 3.5% | -39.4% |
| 2019 | 5.0% | +42.4% |
| 2020 | 3.4% | -32.6% |
| 2021 | 3.3% | -2.4% |
| 2022 | 2.7% | -17.9% |
| 2023 | 3.5% | +28.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.2% | 3.5% | 6.5% | 4 |
| 2020s | 3.2% | 2.7% | 3.5% | 4 |
Countries ranked near United States of America
- 20 South Africa 3.7% compare
- 21 Thailand 3.6% compare
- 22 United Kingdom of Great Britain and Northern Ireland 3.6% compare
- 24 United Arab Emirates 3.1% compare
- 25 Côte d'Ivoire 3.1% compare
- 26 Netherlands 3.0% compare
More financial sector data for United States of America
- Reserve position in the IMF, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 89.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 12.2 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 65.46 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 89.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 12.2 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in United States of America?
- Average transaction cost of sending remittances from a specific in United States of America was 3.5% 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 United States of America?
- The highest recorded value was 6.5% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in United States of America?
- The lowest recorded value was 2.7% in 2022.
- How does United States of America rank for average transaction cost of sending remittances from a specific?
- United States of America ranks 23rd out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in United States of America?
- Over the last ten years it is down 46.3%. The long-run trend across the full record is falling.
- Where does this United States of America 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
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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.