Average transaction cost of sending remittances to a specific country in Laos
Laos: Average transaction cost of sending remittances to a specific country was 4.9% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Laos, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Laos recorded 4.9% for average transaction cost of sending remittances to a specific country in 2023.
Compared with earlier readings it is up 1.8% on the previous year and down 65.9% over ten years.
Laos ranks 23rd of 100 countries on this measure, in the top quarter.
Average transaction cost of sending remittances to a specific country in Laos, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 14.3% | — |
| 2017 | 4.5% | -68.3% |
| 2018 | 3.5% | -23.8% |
| 2019 | 2.4% | -31.3% |
| 2020 | 3.6% | +50.5% |
| 2021 | 3.9% | +8.3% |
| 2022 | 4.8% | +23.6% |
| 2023 | 4.9% | +1.8% |
Laos compared with similar countries
- Laos's 4.9% is above the median for lower middle income countries, which is 3.4%, 1.4× the median. (34 countries reporting)
- Laos's 4.9% is above the median for East Asia & Pacific, which is 3.2%, 1.5× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.2% | 2.4% | 14.3% | 4 |
| 2020s | 4.3% | 3.6% | 4.9% | 4 |
Countries ranked near Laos
More financial sector data for Laos
- 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 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.3 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 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.68 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 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.3 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 Laos?
- Average transaction cost of sending remittances to a specific country in Laos was 4.9% 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 Laos?
- The highest recorded value was 14.3% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Laos?
- The lowest recorded value was 2.4% in 2019.
- How does Laos rank for average transaction cost of sending remittances to a specific country?
- Laos ranks 23rd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Laos?
- Over the last ten years it is down 65.9%. The long-run trend across the full record is volatile.
- Where does this Laos 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.