Average transaction cost of sending remittances to a specific country in Moldova
Moldova: Average transaction cost of sending remittances to a specific country was 2.0% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Moldova, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Moldova recorded 2.0% for average transaction cost of sending remittances to a specific country in 2023. That is the lowest value across all 8 years on record.
That represents a change of down 44.1% on the previous year and down 66.9% over ten years.
That places Moldova 75th out of 100 countries with data for 2023, putting it in the middle of the range.
Average transaction cost of sending remittances to a specific country in Moldova, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.1% | — |
| 2017 | 5.0% | -17.8% |
| 2018 | 2.2% | -56.8% |
| 2019 | 3.9% | +79.6% |
| 2020 | 3.8% | -1.1% |
| 2021 | 3.4% | -12.2% |
| 2022 | 3.6% | +6.8% |
| 2023 | 2.0% | -44.1% |
Moldova compared with similar countries
- Moldova's 2.0% is below the median for upper middle income countries, which is 2.6%, 79% of the median. (39 countries reporting)
- Moldova's 2.0% is below the median for Europe & Central Asia, which is 2.0%, 98% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.3% | 2.2% | 6.1% | 4 |
| 2020s | 3.2% | 2.0% | 3.8% | 4 |
Countries ranked near Moldova
More financial sector data for Moldova
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0029 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0021 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0029 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 Moldova?
- Average transaction cost of sending remittances to a specific country in Moldova was 2.0% 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 Moldova?
- The highest recorded value was 6.1% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Moldova?
- The lowest recorded value was 2.0% in 2023.
- How does Moldova rank for average transaction cost of sending remittances to a specific country?
- Moldova ranks 75th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Moldova?
- Over the last ten years it is down 66.9%. The long-run trend across the full record is falling.
- Where does this Moldova 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.