Average transaction cost of sending remittances to a specific country in Botswana
Botswana: Average transaction cost of sending remittances to a specific country was 8.4% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Botswana, 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 Botswana is 8.4%, measured in 2023.
That represents a change of up 22.0% on the previous year and down 56.2% over ten years.
That places Botswana 9th 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 Botswana, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 19.2% | — |
| 2017 | 12.1% | -37.0% |
| 2018 | 10.6% | -12.7% |
| 2019 | 12.6% | +19.5% |
| 2020 | 10.0% | -20.6% |
| 2021 | 10.1% | +0.4% |
| 2022 | 6.9% | -31.5% |
| 2023 | 8.4% | +22.0% |
Botswana compared with similar countries
- Botswana's 8.4% is above the median for upper middle income countries, which is 2.6%, 3.3× the median. (39 countries reporting)
- Botswana's 8.4% is above the median for Sub-Saharan Africa, which is 3.8%, 2.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.6% | 10.6% | 19.2% | 4 |
| 2020s | 8.8% | 6.9% | 10.1% | 4 |
Countries ranked near Botswana
More financial sector data for Botswana
- Reserve position in the IMF, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 26.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.0848 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 19.45 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 26.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.0848 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Botswana?
- Average transaction cost of sending remittances to a specific country in Botswana was 8.4% 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 Botswana?
- The highest recorded value was 19.2% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Botswana?
- The lowest recorded value was 6.9% in 2022.
- How does Botswana rank for average transaction cost of sending remittances to a specific country?
- Botswana ranks 9th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Botswana?
- Over the last ten years it is down 56.2%. The long-run trend across the full record is falling.
- Where does this Botswana 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.