Average transaction cost of sending remittances to a specific country in Brazil
Brazil: Average transaction cost of sending remittances to a specific country was 2.4% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Brazil, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Brazil recorded 2.4% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of up 5.3% on the previous year and down 66.3% over ten years.
Brazil ranks 62nd of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Brazil, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.2% | — |
| 2017 | 4.4% | -39.4% |
| 2018 | 3.5% | -19.2% |
| 2019 | 4.7% | +33.0% |
| 2020 | 3.1% | -33.6% |
| 2021 | 2.9% | -7.2% |
| 2022 | 2.3% | -20.2% |
| 2023 | 2.4% | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.9% | 3.5% | 7.2% | 4 |
| 2020s | 2.7% | 2.3% | 3.1% | 4 |
Countries ranked near Brazil
More financial sector data for Brazil
- Reserve position in the IMF, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.54 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 13.87 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.54 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Brazil?
- Average transaction cost of sending remittances to a specific country in Brazil was 2.4% 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 Brazil?
- The highest recorded value was 7.2% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Brazil?
- The lowest recorded value was 2.3% in 2022.
- How does Brazil rank for average transaction cost of sending remittances to a specific country?
- Brazil ranks 62nd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Brazil?
- Over the last ten years it is down 66.3%. The long-run trend across the full record is falling.
- Where does this Brazil 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.