Average transaction cost of sending remittances to a specific country in Lithuania
Lithuania: Average transaction cost of sending remittances to a specific country was 1.4% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Lithuania, 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 Lithuania is 1.4%, measured in 2023.
That represents a change of down 5.0% on the previous year and down 71.1% over ten years.
That places Lithuania 88th out of 100 countries with data for 2023, putting it in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Lithuania, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 4.8% | — |
| 2017 | 6.0% | +23.9% |
| 2018 | 5.4% | -9.7% |
| 2019 | 1.2% | -77.1% |
| 2020 | 3.2% | +160.5% |
| 2021 | 2.2% | -32.7% |
| 2022 | 1.5% | -32.3% |
| 2023 | 1.4% | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.4% | 1.2% | 6.0% | 4 |
| 2020s | 2.1% | 1.4% | 3.2% | 4 |
Countries ranked near Lithuania
- 85 Mali 1.7% compare
- 86 Philippines 1.7% compare
- 87 Hungary 1.6% compare
- 89 Azerbaijan 1.3% compare
- 90 Belarus 1.3% compare
- 91 Kazakhstan 1.2% compare
More financial sector data for Lithuania
- Net domestic credit (current LCU), per capita 11,700 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3952 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 8.4 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 6.54 million SDR (2025)
- Gold reserves at market value 596.40 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.87 billion SDR (2025)
- Reserves excluding gold 4.56 billion SDR (2025)
- Total reserves (gold at market value) 5.15 billion SDR (2025)
- Total reserves (gold at national valuation) 5.15 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,782 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Lithuania?
- Average transaction cost of sending remittances to a specific country in Lithuania was 1.4% 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 Lithuania?
- The highest recorded value was 6.0% in 2017.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Lithuania?
- The lowest recorded value was 1.2% in 2019.
- How does Lithuania rank for average transaction cost of sending remittances to a specific country?
- Lithuania ranks 88th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Lithuania?
- Over the last ten years it is down 71.1%. The long-run trend across the full record is volatile.
- Where does this Lithuania 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.
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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.