Average transaction cost of sending remittances to a specific country in Bolivia
Bolivia: Average transaction cost of sending remittances to a specific country was 3.4% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Bolivia, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances to a specific country in Bolivia stood at 3.4%. That is the lowest value across all 8 years on record.
The figure is down 21.4% on the previous year and down 45.9% over ten years.
That places Bolivia 41st out of 100 countries with data for 2023, putting it in the middle of the range.
Average transaction cost of sending remittances to a specific country in Bolivia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.4% | — |
| 2017 | 5.9% | -7.5% |
| 2018 | 4.3% | -27.9% |
| 2019 | 5.0% | +16.7% |
| 2020 | 3.9% | -21.0% |
| 2021 | 4.1% | +5.6% |
| 2022 | 4.4% | +5.9% |
| 2023 | 3.4% | -21.4% |
Bolivia compared with similar countries
- Bolivia's 3.4% is above the median for lower middle income countries, which is 3.4%, 1.0× the median. (34 countries reporting)
- Bolivia's 3.4% is above the median for Latin America & Caribbean, which is 2.6%, 1.3× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.4% | 4.3% | 6.4% | 4 |
| 2020s | 4.0% | 3.4% | 4.4% | 4 |
Countries ranked near Bolivia
More financial sector data for Bolivia
- 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 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.83 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 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.07 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 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.83 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 Bolivia?
- Average transaction cost of sending remittances to a specific country in Bolivia was 3.4% 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 Bolivia?
- The highest recorded value was 6.4% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Bolivia?
- The lowest recorded value was 3.4% in 2023.
- How does Bolivia rank for average transaction cost of sending remittances to a specific country?
- Bolivia ranks 41st out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Bolivia?
- Over the last ten years it is down 45.9%. The long-run trend across the full record is falling.
- Where does this Bolivia 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.