Average transaction cost of sending remittances to a specific country in Estonia
Estonia: Average transaction cost of sending remittances to a specific country was 2.8% in 2021. ▼ Falling
Average transaction cost of sending remittances to a specific country in Estonia, 2016–2021
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Estonia recorded 2.8% for average transaction cost of sending remittances to a specific country in 2021.
The figure is down 50.0% on the previous year and down 56.4% over ten years.
That places Estonia 53rd out of 100 countries with data for 2021, putting it in the middle of the range.
Average transaction cost of sending remittances to a specific country in Estonia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.3% | — |
| 2017 | 6.5% | +3.2% |
| 2018 | 5.5% | -15.3% |
| 2019 | 1.8% | -68.3% |
| 2020 | 5.5% | +214.3% |
| 2021 | 2.8% | -50.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.0% | 1.8% | 6.5% | 4 |
| 2020s | 4.1% | 2.8% | 5.5% | 2 |
Countries ranked near Estonia
More financial sector data for Estonia
- Reserve position in the IMF, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 63.05 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.37 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 46.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 63.05 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.37 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Estonia?
- Average transaction cost of sending remittances to a specific country in Estonia was 2.8% in 2021, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances to a specific country recorded in Estonia?
- The highest recorded value was 6.5% in 2017.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Estonia?
- The lowest recorded value was 1.8% in 2019.
- How does Estonia rank for average transaction cost of sending remittances to a specific country?
- Estonia ranks 53rd out of 100 countries with data for 2021.
- Is average transaction cost of sending remittances to a specific country rising or falling in Estonia?
- Over the last ten years it is down 56.4%. The long-run trend across the full record is falling.
- Where does this Estonia 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
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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.