Average transaction cost of sending remittances to a specific country in Albania
Albania: Average transaction cost of sending remittances to a specific country was 5.6% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Albania, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
The most recent figure for average transaction cost of sending remittances to a specific country in Albania is 5.6%, measured in 2023. That is the lowest value across all 8 years on record.
That represents a change of down 8.0% on the previous year and down 53.2% over ten years.
That places Albania 18th out of 100 countries with data for 2023, putting it in the top quarter.
Average transaction cost of sending remittances to a specific country in Albania, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 12.0% | — |
| 2017 | 8.7% | -27.3% |
| 2018 | 7.2% | -17.5% |
| 2019 | 7.0% | -2.5% |
| 2020 | 7.2% | +2.9% |
| 2021 | 6.4% | -11.3% |
| 2022 | 6.1% | -4.6% |
| 2023 | 5.6% | -8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.7% | 7.0% | 12.0% | 4 |
| 2020s | 6.3% | 5.6% | 7.2% | 4 |
Countries ranked near Albania
More financial sector data for Albania
- 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 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 15.16 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 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.07 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 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 15.16 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 to a specific country in Albania?
- Average transaction cost of sending remittances to a specific country in Albania was 5.6% in 2023, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances to a specific country recorded in Albania?
- The highest recorded value was 12.0% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Albania?
- The lowest recorded value was 5.6% in 2023.
- How does Albania rank for average transaction cost of sending remittances to a specific country?
- Albania ranks 18th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Albania?
- Over the last ten years it is down 53.2%. The long-run trend across the full record is falling.
- Where does this Albania data come from?
- The figures come from Remittance Prices Worldwide, World Bank (WB), published as part of Average transaction cost of sending remittances to 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 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.