Average transaction cost of sending remittances to a specific country in Bosnia and Herzegovina
Bosnia and Herzegovina: Average transaction cost of sending remittances to a specific country was 3.9% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Bosnia and Herzegovina, 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 Bosnia and Herzegovina stood at 3.9%.
Compared with earlier readings it is up 73.6% on the previous year and down 59.5% over ten years.
That places Bosnia and Herzegovina 34th 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 Bosnia and Herzegovina, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.5% | — |
| 2017 | 4.6% | -52.2% |
| 2018 | 4.1% | -10.2% |
| 2019 | 3.7% | -9.8% |
| 2020 | 3.2% | -13.7% |
| 2021 | 2.7% | -14.3% |
| 2022 | 2.2% | -18.5% |
| 2023 | 3.9% | +73.6% |
Bosnia and Herzegovina compared with similar countries
- Bosnia and Herzegovina's 3.9% is above the median for upper middle income countries, which is 2.6%, 1.5× the median. (39 countries reporting)
- Bosnia and Herzegovina's 3.9% is above the median for Europe & Central Asia, which is 2.0%, 1.9× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.5% | 3.7% | 9.5% | 4 |
| 2020s | 3.0% | 2.2% | 3.9% | 4 |
Countries ranked near Bosnia and Herzegovina
More financial sector data for Bosnia and Herzegovina
- 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 0.1587 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 0.1159 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 0.1587 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 Bosnia and Herzegovina?
- Average transaction cost of sending remittances to a specific country in Bosnia and Herzegovina was 3.9% 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 Bosnia and Herzegovina?
- The highest recorded value was 9.5% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Bosnia and Herzegovina?
- The lowest recorded value was 2.2% in 2022.
- How does Bosnia and Herzegovina rank for average transaction cost of sending remittances to a specific country?
- Bosnia and Herzegovina ranks 34th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Bosnia and Herzegovina?
- Over the last ten years it is down 59.5%. The long-run trend across the full record is volatile.
- Where does this Bosnia and Herzegovina 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.