Average transaction cost of sending remittances to a specific country in Lesotho
Lesotho: Average transaction cost of sending remittances to a specific country was 1.8% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Lesotho, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Lesotho recorded 1.8% for average transaction cost of sending remittances to a specific country in 2023.
Compared with earlier readings it is up 24.7% on the previous year and down 88.6% over ten years.
Lesotho ranks 81st of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Lesotho, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 15.9% | — |
| 2017 | 10.2% | -35.7% |
| 2018 | 7.2% | -30.0% |
| 2019 | 5.4% | -25.2% |
| 2020 | 5.3% | -1.4% |
| 2021 | 0.7% | -86.2% |
| 2022 | 1.5% | +100.0% |
| 2023 | 1.8% | +24.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.7% | 5.4% | 15.9% | 4 |
| 2020s | 2.3% | 0.7% | 5.3% | 4 |
Countries ranked near Lesotho
More financial sector data for Lesotho
- Reserve position in the IMF, US dollar, annual growth rate 5.59 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.46 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.548 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.45 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.59 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.46 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.548 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Lesotho?
- Average transaction cost of sending remittances to a specific country in Lesotho was 1.8% 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 Lesotho?
- The highest recorded value was 15.9% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Lesotho?
- The lowest recorded value was 0.7% in 2021.
- How does Lesotho rank for average transaction cost of sending remittances to a specific country?
- Lesotho ranks 81st out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Lesotho?
- Over the last ten years it is down 88.6%. The long-run trend across the full record is volatile.
- Where does this Lesotho 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.