Average transaction cost of sending remittances to a specific country in Cote d'Ivoire
Cote d'Ivoire: Average transaction cost of sending remittances to a specific country was 0.7% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Cote d'Ivoire, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances to a specific country in Cote d'Ivoire stood at 0.7%.
The figure is up 97.3% on the previous year and down 88.8% over ten years.
That places Cote d'Ivoire 96th 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 Cote d'Ivoire, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.6% | — |
| 2017 | 3.5% | -47.1% |
| 2018 | 3.5% | +0.0% |
| 2019 | 2.5% | -27.2% |
| 2020 | 1.2% | -53.2% |
| 2021 | 2.1% | +75.6% |
| 2022 | 0.4% | -82.0% |
| 2023 | 0.7% | +97.3% |
Cote d'Ivoire compared with similar countries
- Cote d'Ivoire's 0.7% is below the median for lower middle income countries, which is 3.4%, 22% of the median. (34 countries reporting)
- Cote d'Ivoire's 0.7% is below the median for Sub-Saharan Africa, which is 3.8%, 20% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.0% | 2.5% | 6.6% | 4 |
| 2020s | 1.1% | 0.4% | 2.1% | 4 |
Countries ranked near Cote d'Ivoire
More financial sector data for Cote d'Ivoire
- 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 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.49 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 2.55 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 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.49 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 Cote d'Ivoire?
- Average transaction cost of sending remittances to a specific country in Cote d'Ivoire was 0.7% 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 Cote d'Ivoire?
- The highest recorded value was 6.6% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Cote d'Ivoire?
- The lowest recorded value was 0.4% in 2022.
- How does Cote d'Ivoire rank for average transaction cost of sending remittances to a specific country?
- Cote d'Ivoire ranks 96th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Cote d'Ivoire?
- Over the last ten years it is down 88.8%. The long-run trend across the full record is volatile.
- Where does this Cote d'Ivoire 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.