Average transaction cost of sending remittances to a specific country in Guatemala
Guatemala: Average transaction cost of sending remittances to a specific country was 2.6% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Guatemala, 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 Guatemala is 2.6%, measured in 2023. That is the lowest value across all 8 years on record.
That represents a change of down 8.3% on the previous year and down 52.1% over ten years.
That places Guatemala 56th 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 Guatemala, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.3% | — |
| 2017 | 5.5% | +3.5% |
| 2018 | 3.5% | -35.9% |
| 2019 | 3.1% | -11.1% |
| 2020 | 3.2% | +2.1% |
| 2021 | 3.4% | +6.0% |
| 2022 | 2.8% | -18.3% |
| 2023 | 2.6% | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.4% | 3.1% | 5.5% | 4 |
| 2020s | 3.0% | 2.6% | 3.4% | 4 |
Countries ranked near Guatemala
More financial sector data for Guatemala
- 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 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 4.01 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 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.93 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 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 4.01 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 Guatemala?
- Average transaction cost of sending remittances to a specific country in Guatemala was 2.6% 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 Guatemala?
- The highest recorded value was 5.5% in 2017.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Guatemala?
- The lowest recorded value was 2.6% in 2023.
- How does Guatemala rank for average transaction cost of sending remittances to a specific country?
- Guatemala ranks 56th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Guatemala?
- Over the last ten years it is down 52.1%. The long-run trend across the full record is falling.
- Where does this Guatemala 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.