Average transaction cost of sending remittances to a specific country in Kenya
Kenya: Average transaction cost of sending remittances to a specific country was 3.9% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Kenya, 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 Kenya is 3.9%, measured in 2023.
Compared with earlier readings it is up 78.3% on the previous year and down 57.4% over ten years.
Kenya ranks 35th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.1% | — |
| 2017 | 8.1% | -10.3% |
| 2018 | 6.2% | -23.4% |
| 2019 | 5.9% | -5.5% |
| 2020 | 5.2% | -11.5% |
| 2021 | 5.0% | -3.0% |
| 2022 | 2.2% | -57.1% |
| 2023 | 3.9% | +78.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.3% | 5.9% | 9.1% | 4 |
| 2020s | 4.1% | 2.2% | 5.2% | 4 |
Countries ranked near Kenya
More financial sector data for Kenya
- 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.3189 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.2328 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 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.3189 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 Kenya?
- Average transaction cost of sending remittances to a specific country in Kenya was 3.9% 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 Kenya?
- The highest recorded value was 9.1% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Kenya?
- The lowest recorded value was 2.2% in 2022.
- How does Kenya rank for average transaction cost of sending remittances to a specific country?
- Kenya ranks 35th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Kenya?
- Over the last ten years it is down 57.4%. The long-run trend across the full record is falling.
- Where does this Kenya 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.