Average transaction cost of sending remittances to a specific country in Angola
Angola: Average transaction cost of sending remittances to a specific country was 12.8% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Angola, 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 Angola is 12.8%, measured in 2023.
Compared with earlier readings it is up 56.2% on the previous year and down 18.5% over ten years.
That places Angola 2nd out of 100 countries with data for 2023, putting it in the top 10%.
Average transaction cost of sending remittances to a specific country in Angola, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 15.7% | — |
| 2017 | 12.1% | -22.9% |
| 2018 | 12.7% | +5.1% |
| 2019 | 18.7% | +47.4% |
| 2020 | 13.8% | -26.2% |
| 2021 | 12.2% | -11.7% |
| 2022 | 8.2% | -32.9% |
| 2023 | 12.8% | +56.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.8% | 12.1% | 18.7% | 4 |
| 2020s | 11.7% | 8.2% | 13.8% | 4 |
Countries ranked near Angola
- 1 Cuba 19.6% compare
- 3 Sierra Leone 10.3% compare
- 4 Tajikistan 10.3% compare
- 5 Vanuatu 9.5% compare
More financial sector data for Angola
- 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 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.98 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.0035 % 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 2.91 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 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.98 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.0035 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Angola?
- Average transaction cost of sending remittances to a specific country in Angola was 12.8% 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 Angola?
- The highest recorded value was 18.7% in 2019.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Angola?
- The lowest recorded value was 8.2% in 2022.
- How does Angola rank for average transaction cost of sending remittances to a specific country?
- Angola ranks 2nd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Angola?
- Over the last ten years it is down 18.5%. The long-run trend across the full record is falling.
- Where does this Angola 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.
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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.