Average transaction cost of sending remittances to a specific country in Bulgaria
Bulgaria: Average transaction cost of sending remittances to a specific country was 3.5% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Bulgaria, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Bulgaria recorded 3.5% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of down 32.2% on the previous year and down 61.1% over ten years.
Bulgaria ranks 39th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Bulgaria, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.9% | — |
| 2017 | 5.7% | -35.8% |
| 2018 | 4.0% | -29.6% |
| 2019 | 3.8% | -5.3% |
| 2020 | 3.3% | -13.8% |
| 2021 | 4.3% | +31.6% |
| 2022 | 5.1% | +18.2% |
| 2023 | 3.5% | -32.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.6% | 3.8% | 8.9% | 4 |
| 2020s | 4.0% | 3.3% | 5.1% | 4 |
Countries ranked near Bulgaria
- 36 Mozambique 3.8% compare
- 37 Jamaica 3.6% compare
- 38 Peru 3.6% compare
- 40 Viet Nam 3.5% compare
- 41 Bolivia, Plurinational State of 3.4% compare
- 42 Cape Verde 3.4% compare
More financial sector data for Bulgaria
- 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 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 20.89 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 15.25 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 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 20.89 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 Bulgaria?
- Average transaction cost of sending remittances to a specific country in Bulgaria was 3.5% 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 Bulgaria?
- The highest recorded value was 8.9% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Bulgaria?
- The lowest recorded value was 3.3% in 2020.
- How does Bulgaria rank for average transaction cost of sending remittances to a specific country?
- Bulgaria ranks 39th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Bulgaria?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is falling.
- Where does this Bulgaria 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.
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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.