Average transaction cost of sending remittances to a specific country in Guyana
Guyana: Average transaction cost of sending remittances to a specific country was 7.9% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Guyana, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Guyana recorded 7.9% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of up 4.0% on the previous year and down 21.1% over ten years.
Guyana ranks 11th of 100 countries on this measure, in the top quarter.
Average transaction cost of sending remittances to a specific country in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.0% | — |
| 2017 | 9.1% | -9.2% |
| 2018 | 7.4% | -18.9% |
| 2019 | 7.7% | +4.8% |
| 2020 | 7.4% | -4.2% |
| 2021 | 8.1% | +9.5% |
| 2022 | 7.6% | -6.3% |
| 2023 | 7.9% | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.6% | 7.4% | 10.0% | 4 |
| 2020s | 7.8% | 7.4% | 8.1% | 4 |
Countries ranked near Guyana
More financial sector data for Guyana
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1976)
- 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 (1976)
- 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 (1976)
- 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 (1976)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Guyana?
- Average transaction cost of sending remittances to a specific country in Guyana was 7.9% 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 Guyana?
- The highest recorded value was 10.0% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Guyana?
- The lowest recorded value was 7.4% in 2018.
- How does Guyana rank for average transaction cost of sending remittances to a specific country?
- Guyana ranks 11th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Guyana?
- Over the last ten years it is down 21.1%. The long-run trend across the full record is falling.
- Where does this Guyana 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.