Average transaction cost of sending remittances to a specific country in Democratic Republic of Congo
Democratic Republic of Congo: 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 Democratic Republic of Congo, 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 Democratic Republic of Congo 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 Democratic Republic of Congo 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 Democratic Republic of Congo, 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% |
Democratic Republic of Congo compared with similar countries
- Democratic Republic of Congo's 2.0% is below the median for low income countries, which is 5.8%, 34% of the median. (15 countries reporting)
- Democratic Republic of Congo's 2.0% is below the median for Sub-Saharan Africa, which is 3.8%, 52% of the median. (31 countries reporting)
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 Democratic Republic of Congo
More financial sector data for Democratic Republic of Congo
- 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 Democratic Republic of Congo?
- Average transaction cost of sending remittances to a specific country in Democratic Republic of Congo 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 Democratic Republic of Congo?
- 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 Democratic Republic of Congo?
- The lowest recorded value was 2.0% in 2023.
- How does Democratic Republic of Congo rank for average transaction cost of sending remittances to a specific country?
- Democratic Republic of Congo 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 Democratic Republic of Congo?
- Over the last ten years it is down 79.4%. The long-run trend across the full record is falling.
- Where does this Democratic Republic of Congo 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.