Average transaction cost of sending remittances to a specific country in Lebanon
Lebanon: Average transaction cost of sending remittances to a specific country was 5.3% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Lebanon, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances to a specific country in Lebanon stood at 5.3%. That is the lowest value across all 8 years on record.
That represents a change of down 24.2% on the previous year and down 48.5% over ten years.
Lebanon ranks 21st of 100 countries on this measure, in the top quarter.
Average transaction cost of sending remittances to a specific country in Lebanon, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.3% | — |
| 2017 | 8.6% | -15.9% |
| 2018 | 6.8% | -20.8% |
| 2019 | 6.9% | +1.2% |
| 2020 | 6.6% | -4.0% |
| 2021 | 5.9% | -10.6% |
| 2022 | 7.0% | +17.5% |
| 2023 | 5.3% | -24.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.2% | 6.8% | 10.3% | 4 |
| 2020s | 6.2% | 5.3% | 7.0% | 4 |
Countries ranked near Lebanon
More financial sector data for Lebanon
- 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 0.0063 units per US$ of GDP (2024)
- Reserve position in the IMF, US dollar, per capita 29.61 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 0.0049 units per US$ of GDP (2024)
- Reserve position in the IMF, SDR, per capita 21.62 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 0.0063 units per US$ of GDP (2024)
- Reserve tranche position, US dollar, per capita 29.61 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 Lebanon?
- Average transaction cost of sending remittances to a specific country in Lebanon was 5.3% 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 Lebanon?
- The highest recorded value was 10.3% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Lebanon?
- The lowest recorded value was 5.3% in 2023.
- How does Lebanon rank for average transaction cost of sending remittances to a specific country?
- Lebanon ranks 21st out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Lebanon?
- Over the last ten years it is down 48.5%. The long-run trend across the full record is falling.
- Where does this Lebanon 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.