Average transaction cost of sending remittances to a specific country in Kyrgyzstan
Kyrgyzstan: Average transaction cost of sending remittances to a specific country was 4.2% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Kyrgyzstan, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Kyrgyzstan recorded 4.2% for average transaction cost of sending remittances to a specific country in 2023.
That represents a change of down 35.7% on the previous year and down 40.3% over ten years.
That places Kyrgyzstan 30th 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 Kyrgyzstan, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.1% | — |
| 2017 | 6.3% | -10.4% |
| 2018 | 3.7% | -40.9% |
| 2019 | 3.7% | -0.7% |
| 2020 | 3.8% | +1.1% |
| 2021 | 3.5% | -8.0% |
| 2022 | 6.6% | +89.8% |
| 2023 | 4.2% | -35.7% |
Kyrgyzstan compared with similar countries
- Kyrgyzstan's 4.2% is above the median for lower middle income countries, which is 3.4%, 1.2× the median. (34 countries reporting)
- Kyrgyzstan's 4.2% is above the median for Europe & Central Asia, which is 2.0%, 2.1× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.2% | 3.7% | 7.1% | 4 |
| 2020s | 4.5% | 3.5% | 6.6% | 4 |
Countries ranked near Kyrgyzstan
More financial sector data for Kyrgyzstan
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0908 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0663 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0908 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 Kyrgyzstan?
- Average transaction cost of sending remittances to a specific country in Kyrgyzstan was 4.2% 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 Kyrgyzstan?
- The highest recorded value was 7.1% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Kyrgyzstan?
- The lowest recorded value was 3.5% in 2021.
- How does Kyrgyzstan rank for average transaction cost of sending remittances to a specific country?
- Kyrgyzstan ranks 30th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Kyrgyzstan?
- Over the last ten years it is down 40.3%. The long-run trend across the full record is falling.
- Where does this Kyrgyzstan 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.