Average transaction cost of sending remittances to a specific country in Congo, Democratic Republic of the
Congo, Democratic Republic of the: Average transaction cost of sending remittances to a specific country was 2.0% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Congo, Democratic Republic of the, 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 Congo, Democratic Republic of the is 2.0%, measured in 2023. That is the lowest value across all 7 years on record.
That represents a change of down 75.1% on the previous year and down 79.4% over ten years.
That places Congo, Democratic Republic of the 78th out of 100 countries with data for 2023, putting it in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Congo, Democratic Republic of the, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.6% | — |
| 2017 | 8.7% | -9.7% |
| 2018 | 6.1% | -30.1% |
| 2020 | 7.9% | +30.0% |
| 2021 | 7.9% | +0.0% |
| 2022 | 8.0% | +1.1% |
| 2023 | 2.0% | -75.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.1% | 6.1% | 9.6% | 3 |
| 2020s | 6.4% | 2.0% | 8.0% | 4 |
Countries ranked near Congo, Democratic Republic of the
- 75 Republic of Moldova 2.0% compare
- 76 Ghana 2.0% compare
- 77 El Salvador 2.0% compare
- 79 Palestine, State of 2.0% compare
- 80 Serbia 1.9% compare
- 81 Eswatini 1.8% compare
- 81 Lesotho 1.8% compare
More financial sector data for Congo, Democratic Republic of the
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1982)
- 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 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1982)
- 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 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1982)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1982)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Congo, Democratic Republic of the?
- Average transaction cost of sending remittances to a specific country in Congo, Democratic Republic of the was 2.0% 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 Congo, Democratic Republic of the?
- The highest recorded value was 9.6% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Congo, Democratic Republic of the?
- The lowest recorded value was 2.0% in 2023.
- How does Congo, Democratic Republic of the rank for average transaction cost of sending remittances to a specific country?
- Congo, Democratic Republic of the ranks 78th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Congo, Democratic Republic of the?
- Over the last ten years it is down 79.4%. The long-run trend across the full record is falling.
- Where does this Congo, Democratic Republic of the 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 — 7 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.