Average transaction cost of sending remittances to a specific country in Algeria
Algeria: Average transaction cost of sending remittances to a specific country was 7.8% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Algeria, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Algeria recorded 7.8% for average transaction cost of sending remittances to a specific country in 2023.
Compared with earlier readings it is down 11.5% on the previous year and down 14.8% over ten years.
Algeria ranks 12th of 100 countries on this measure, in the top quarter.
Average transaction cost of sending remittances to a specific country in Algeria, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.2% | — |
| 2017 | 10.1% | +9.6% |
| 2018 | 10.1% | -0.2% |
| 2019 | 10.9% | +8.0% |
| 2020 | 10.9% | +0.6% |
| 2021 | 7.5% | -30.9% |
| 2022 | 8.8% | +17.2% |
| 2023 | 7.8% | -11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.0% | 9.2% | 10.9% | 4 |
| 2020s | 8.8% | 7.5% | 10.9% | 4 |
Countries ranked near Algeria
More financial sector data for Algeria
- Reserve position in the IMF, US dollar, annual growth rate 7.41 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 14.63 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.28 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.69 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.41 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 14.63 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.28 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Algeria?
- Average transaction cost of sending remittances to a specific country in Algeria was 7.8% 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 Algeria?
- The highest recorded value was 10.9% in 2020.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Algeria?
- The lowest recorded value was 7.5% in 2021.
- How does Algeria rank for average transaction cost of sending remittances to a specific country?
- Algeria ranks 12th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Algeria?
- Over the last ten years it is down 14.8%. The long-run trend across the full record is falling.
- Where does this Algeria 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
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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.