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% |
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
- Net domestic credit (current LCU), per capita 46,448 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 5.97 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 9.17 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 2.35 billion SDR (2024)
- Reserves excluding gold 2.65 billion SDR (2024)
- Total reserves (gold at market value) 2.65 billion SDR (2024)
- Total reserves (gold at national valuation) 2.65 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 1,051 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -25.25 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 1,051 SDR per person (2024)
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.