Average transaction cost of sending remittances to a specific country in Belarus
Belarus: Average transaction cost of sending remittances to a specific country was 1.3% in 2021. ▲ Rising
Average transaction cost of sending remittances to a specific country in Belarus, 2016–2021
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2021, average transaction cost of sending remittances to a specific country in Belarus stood at 1.3%.
The figure is down 1.0% on the previous year and down 0.1% over ten years.
Belarus ranks 90th of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Belarus, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 1.3% | — |
| 2017 | 1.0% | -20.9% |
| 2018 | 1.3% | +22.8% |
| 2019 | 1.3% | +4.2% |
| 2020 | 1.3% | -0.2% |
| 2021 | 1.3% | -1.0% |
Belarus compared with similar countries
- Belarus's 1.3% is below the median for upper middle income countries, which is 2.6%, 51% of the median. (39 countries reporting)
- Belarus's 1.3% is below the median for Europe & Central Asia, which is 2.0%, 64% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.2% | 1.0% | 1.3% | 4 |
| 2020s | 1.3% | 1.3% | 1.3% | 2 |
Countries ranked near Belarus
More financial sector data for Belarus
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.003 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0022 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.003 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 Belarus?
- Average transaction cost of sending remittances to a specific country in Belarus was 1.3% in 2021, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances to a specific country recorded in Belarus?
- The highest recorded value was 1.3% in 2019.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Belarus?
- The lowest recorded value was 1.0% in 2017.
- How does Belarus rank for average transaction cost of sending remittances to a specific country?
- Belarus ranks 90th out of 100 countries with data for 2021.
- Is average transaction cost of sending remittances to a specific country rising or falling in Belarus?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is rising.
- Where does this Belarus 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.