Average transaction cost of sending remittances to a specific country in Mali
Mali: Average transaction cost of sending remittances to a specific country was 1.7% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Mali, 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 Mali stood at 1.7%. That is the lowest value across all 8 years on record.
That represents a change of down 2.8% on the previous year and down 70.6% over ten years.
Mali ranks 85th of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Mali, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.9% | — |
| 2017 | 3.1% | -46.4% |
| 2018 | 5.7% | +80.0% |
| 2019 | 4.7% | -16.2% |
| 2020 | 5.2% | +10.5% |
| 2021 | 2.6% | -50.1% |
| 2022 | 1.8% | -32.0% |
| 2023 | 1.7% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.9% | 3.1% | 5.9% | 4 |
| 2020s | 2.8% | 1.7% | 5.2% | 4 |
Countries ranked near Mali
More financial sector data for Mali
- 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 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.81 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 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.32 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 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.81 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 Mali?
- Average transaction cost of sending remittances to a specific country in Mali was 1.7% 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 Mali?
- 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 Mali?
- The lowest recorded value was 1.7% in 2023.
- How does Mali rank for average transaction cost of sending remittances to a specific country?
- Mali ranks 85th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Mali?
- Over the last ten years it is down 70.6%. The long-run trend across the full record is falling.
- Where does this Mali 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.