Average transaction cost of sending remittances to a specific country in Cameroon
Cameroon: Average transaction cost of sending remittances to a specific country was 3.0% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Cameroon, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Cameroon recorded 3.0% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of up 26.0% on the previous year and down 44.6% over ten years.
That places Cameroon 49th 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 Cameroon, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.5% | — |
| 2017 | 3.6% | -34.6% |
| 2018 | 4.9% | +38.3% |
| 2019 | 3.2% | -34.8% |
| 2020 | 2.1% | -34.0% |
| 2021 | 2.9% | +36.4% |
| 2022 | 2.4% | -17.0% |
| 2023 | 3.0% | +26.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.3% | 3.2% | 5.5% | 4 |
| 2020s | 2.6% | 2.1% | 3.0% | 4 |
Countries ranked near Cameroon
More financial sector data for Cameroon
- Reserve position in the IMF, US dollar, annual growth rate 27.34 % 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 0.0753 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 21.26 % 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 0.055 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 27.34 % 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 0.0753 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 21.26 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Cameroon?
- Average transaction cost of sending remittances to a specific country in Cameroon was 3.0% 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 Cameroon?
- The highest recorded value was 5.5% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Cameroon?
- The lowest recorded value was 2.1% in 2020.
- How does Cameroon rank for average transaction cost of sending remittances to a specific country?
- Cameroon ranks 49th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Cameroon?
- Over the last ten years it is down 44.6%. The long-run trend across the full record is falling.
- Where does this Cameroon 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.