Average transaction cost of sending remittances to a specific country in Liberia
Liberia: Average transaction cost of sending remittances to a specific country was 2.8% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Liberia, 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 Liberia is 2.8%, measured in 2023.
Compared with earlier readings it is down 1.4% on the previous year and down 52.1% over ten years.
Liberia ranks 51st of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Liberia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.9% | — |
| 2018 | 4.8% | -18.3% |
| 2019 | 4.5% | -6.9% |
| 2020 | 3.0% | -33.4% |
| 2021 | 1.2% | -58.3% |
| 2022 | 2.9% | +130.0% |
| 2023 | 2.8% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.1% | 4.5% | 5.9% | 3 |
| 2020s | 2.5% | 1.2% | 3.0% | 4 |
Countries ranked near Liberia
More financial sector data for Liberia
- 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 0.0084 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.73 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 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.64 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 0.0084 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.73 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 Liberia?
- Average transaction cost of sending remittances to a specific country in Liberia was 2.8% 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 Liberia?
- The highest recorded value was 5.9% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Liberia?
- The lowest recorded value was 1.2% in 2021.
- How does Liberia rank for average transaction cost of sending remittances to a specific country?
- Liberia ranks 51st out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Liberia?
- Over the last ten years it is down 52.1%. The long-run trend across the full record is falling.
- Where does this Liberia 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.