Average transaction cost of sending remittances to a specific country (%) by country
Average transaction cost of sending remittance to 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 to a specific country.
Countries reporting
100
Highest
19.6%
Cuba
Lowest
-49.7%
Malawi
Median
2.9%
Years covered
8
2016–2023
Data points
776
What the numbers show
Average transaction cost of sending remittances to a specific country (%) is currently reported for 100 countries. The highest value is 19.6% in Cuba; the lowest is -49.7% in Malawi.
The median across all reporting countries is 2.9%, and the mean is 3.3%.
Over the past decade 10 countries rose and 90 fell. The largest increase was in Cuba (up 202.0%), and the largest decrease in Malawi (down 451.0%).
Average transaction cost of sending remittances to a specific country: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Cuba | 19.6% | 2023 | up 202.0% | rising |
| 2 | Angola | 12.8% | 2023 | down 18.5% | falling |
| 3 | Sierra Leone | 10.3% | 2023 | up 2.9% | flat |
| 4 | Tajikistan | 10.3% | 2023 | up 9.8% | volatile |
| 5 | Vanuatu | 9.5% | 2023 | up 13.6% | flat |
| 6 | Eritrea | 9.2% | 2023 | up 23.9% | falling |
| 7 | Afghanistan | 9.0% | 2023 | up 28.1% | rising |
| 8 | Uganda | 8.9% | 2023 | up 7.9% | rising |
| 9 | Botswana | 8.4% | 2023 | down 56.2% | falling |
| 10 | Zambia | 8.1% | 2023 | down 35.7% | falling |
| 11 | Guyana | 7.9% | 2023 | down 21.1% | falling |
| 12 | Algeria | 7.8% | 2023 | down 14.8% | falling |
| 13 | Bangladesh | 7.7% | 2023 | up 101.0% | rising |
| 14 | Gambia | 6.8% | 2023 | down 50.4% | falling |
| 15 | South Sudan | 6.5% | 2023 | down 15.1% | volatile |
| 16 | Somalia | 6.0% | 2023 | down 17.6% | falling |
| 17 | Rwanda | 5.8% | 2023 | down 38.0% | falling |
| 18 | Albania | 5.6% | 2023 | down 53.2% | falling |
| 19 | Tunisia | 5.5% | 2023 | down 41.6% | falling |
| 20 | Tanzania, United Republic of | 5.3% | 2023 | down 54.5% | falling |
| 21 | Lebanon | 5.3% | 2023 | down 48.5% | falling |
| 22 | Zimbabwe | 5.3% | 2023 | down 53.4% | falling |
| 23 | Lao People's Democratic Republic | 4.9% | 2023 | down 65.9% | volatile |
| 24 | Haiti | 4.7% | 2023 | down 38.1% | falling |
| 25 | Paraguay | 4.7% | 2023 | down 25.4% | falling |
| 26 | Nigeria | 4.6% | 2023 | down 43.4% | falling |
| 27 | Samoa | 4.6% | 2023 | down 50.2% | falling |
| 28 | South Africa | 4.6% | 2023 | down 60.5% | volatile |
| 29 | Armenia | 4.4% | 2023 | up 34.8% | rising |
| 30 | Kyrgyzstan | 4.2% | 2023 | down 40.3% | falling |
| 31 | Morocco | 4.2% | 2023 | down 44.1% | falling |
| 32 | Tonga | 4.1% | 2023 | down 50.0% | falling |
| 33 | Myanmar | 4.0% | 2023 | down 26.0% | volatile |
| 34 | Bosnia and Herzegovina | 3.9% | 2023 | down 59.5% | volatile |
| 35 | Kenya | 3.9% | 2023 | down 57.4% | falling |
| 36 | Mozambique | 3.8% | 2023 | down 67.7% | falling |
| 37 | Jamaica | 3.6% | 2023 | down 60.2% | falling |
| 38 | Peru | 3.6% | 2023 | down 42.2% | falling |
| 39 | Bulgaria | 3.5% | 2023 | down 61.1% | falling |
| 40 | Viet Nam | 3.5% | 2023 | down 56.0% | falling |
| 41 | Bolivia, Plurinational State of | 3.4% | 2023 | down 45.9% | falling |
| 42 | Cape Verde | 3.4% | 2023 | down 55.4% | falling |
| 43 | Kosovo (UNSCR 1244) | 3.4% | 2023 | down 66.1% | falling |
| 43 | Kosovo | 3.4% | 2023 | down 66.1% | falling |
| 45 | Ethiopia | 3.4% | 2023 | down 58.5% | falling |
| 46 | Jordan | 3.4% | 2023 | down 40.8% | falling |
| 47 | Egypt | 3.3% | 2023 | down 37.4% | falling |
| 48 | Fiji | 3.2% | 2023 | down 59.6% | falling |
| 49 | Cameroon | 3.0% | 2023 | down 44.6% | falling |
| 50 | Madagascar | 2.9% | 2023 | down 69.0% | falling |
| 51 | Liberia | 2.8% | 2023 | down 52.1% | falling |
| 52 | China | 2.8% | 2023 | down 73.7% | falling |
| 53 | Estonia | 2.8% | 2021 | down 56.4% | falling |
| 54 | Mexico | 2.7% | 2023 | down 57.2% | falling |
| 55 | Honduras | 2.6% | 2023 | down 56.9% | falling |
| 56 | Guatemala | 2.6% | 2023 | down 52.1% | falling |
| 57 | Nepal | 2.5% | 2023 | down 48.3% | falling |
| 58 | Dominican Republic | 2.5% | 2023 | down 67.6% | volatile |
| 59 | Panama | 2.5% | 2023 | down 53.3% | falling |
| 60 | Indonesia | 2.4% | 2023 | down 66.6% | falling |
| 61 | Colombia | 2.4% | 2023 | down 67.9% | volatile |
| 62 | Brazil | 2.4% | 2023 | down 66.3% | falling |
| 63 | Türkiye | 2.3% | 2023 | down 71.8% | volatile |
| 64 | Nicaragua | 2.3% | 2023 | down 41.7% | falling |
| 65 | Ecuador | 2.3% | 2023 | down 45.6% | falling |
| 66 | Costa Rica | 2.3% | 2023 | down 64.5% | falling |
| 67 | Sri Lanka | 2.2% | 2023 | down 63.9% | falling |
| 68 | Pakistan | 2.1% | 2023 | down 62.6% | falling |
| 69 | Cambodia | 2.1% | 2023 | down 62.1% | falling |
| 70 | North Macedonia | 2.1% | 2023 | down 77.1% | volatile |
| 71 | Uzbekistan | 2.1% | 2021 | up 22.3% | rising |
| 72 | Latvia | 2.1% | 2021 | down 56.0% | falling |
| 73 | Togo | 2.1% | 2023 | down 75.6% | volatile |
| 74 | Thailand | 2.0% | 2023 | down 81.7% | volatile |
| 75 | Republic of Moldova | 2.0% | 2023 | down 66.9% | falling |
| 76 | Ghana | 2.0% | 2023 | down 77.3% | volatile |
| 77 | El Salvador | 2.0% | 2023 | down 55.5% | volatile |
| 78 | Congo, Democratic Republic of the | 2.0% | 2023 | down 79.4% | falling |
| 79 | Palestine, State of | 2.0% | 2023 | down 79.7% | volatile |
| 80 | Serbia | 1.9% | 2023 | down 81.4% | volatile |
| 81 | Eswatini | 1.8% | 2023 | down 89.1% | volatile |
| 81 | Lesotho | 1.8% | 2023 | down 88.6% | volatile |
| 83 | India | 1.8% | 2023 | down 71.6% | falling |
| 84 | Comoros | 1.7% | 2023 | down 60.4% | falling |
| 85 | Mali | 1.7% | 2023 | down 70.6% | falling |
| 86 | Philippines | 1.7% | 2023 | down 69.1% | falling |
| 87 | Hungary | 1.6% | 2023 | down 80.8% | volatile |
| 88 | Lithuania | 1.4% | 2023 | down 71.1% | volatile |
| 89 | Azerbaijan | 1.3% | 2021 | down 4.6% | falling |
| 90 | Belarus | 1.3% | 2021 | down 0.1% | rising |
| 91 | Kazakhstan | 1.2% | 2021 | down 13.9% | falling |
| 92 | Malaysia | 1.0% | 2023 | down 90.6% | volatile |
| 93 | Poland | 0.9% | 2023 | down 88.9% | volatile |
| 94 | Romania | 0.9% | 2023 | down 86.6% | volatile |
| 95 | Georgia | 0.8% | 2021 | down 29.9% | falling |
| 96 | Côte d'Ivoire | 0.7% | 2023 | down 88.8% | volatile |
| 97 | Senegal | 0.7% | 2023 | down 86.8% | falling |
| 98 | Ukraine | 0.7% | 2023 | down 88.1% | falling |
| 99 | Croatia | 0.3% | 2023 | down 95.7% | volatile |
| 100 | Malawi | -49.7% | 2023 | down 451.0% | volatile |
About this data
Average transaction cost of sending remittance to 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 to a specific country.