Average transaction cost of sending remittances to a specific country in Honduras
Honduras: 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 Honduras, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Honduras recorded 2.6% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of down 6.4% on the previous year and down 56.9% over ten years.
Honduras ranks 55th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Honduras, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.1% | — |
| 2017 | 4.7% | -23.2% |
| 2018 | 2.6% | -44.6% |
| 2019 | 2.6% | +0.5% |
| 2020 | 2.2% | -16.7% |
| 2021 | 2.1% | -5.2% |
| 2022 | 2.8% | +36.4% |
| 2023 | 2.6% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.0% | 2.6% | 6.1% | 4 |
| 2020s | 2.4% | 2.1% | 2.8% | 4 |
Countries ranked near Honduras
More financial sector data for Honduras
- 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 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 4.82 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 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.52 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 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 4.82 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 Honduras?
- Average transaction cost of sending remittances to a specific country in Honduras 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 Honduras?
- The highest recorded value was 6.1% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Honduras?
- The lowest recorded value was 2.1% in 2021.
- How does Honduras rank for average transaction cost of sending remittances to a specific country?
- Honduras ranks 55th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Honduras?
- Over the last ten years it is down 56.9%. The long-run trend across the full record is falling.
- Where does this Honduras 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 — 8 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.