Average transaction cost of sending remittances to a specific country in Morocco
Morocco: Average transaction cost of sending remittances to a specific country was 4.2% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Morocco, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Morocco recorded 4.2% for average transaction cost of sending remittances to a specific country in 2023. That is the lowest value across all 8 years on record.
The figure is down 15.9% on the previous year and down 44.1% over ten years.
That places Morocco 31st 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 Morocco, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.5% | — |
| 2017 | 6.6% | -11.9% |
| 2018 | 5.8% | -11.2% |
| 2019 | 5.2% | -11.3% |
| 2020 | 5.2% | +0.8% |
| 2021 | 5.4% | +3.8% |
| 2022 | 5.0% | -8.3% |
| 2023 | 4.2% | -15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.3% | 5.2% | 7.5% | 4 |
| 2020s | 4.9% | 4.2% | 5.4% | 4 |
Countries ranked near Morocco
- 28 South Africa 4.6% compare
- 29 Armenia 4.4% compare
- 30 Kyrgyzstan 4.2% compare
- 32 Tonga 4.1% compare
- 33 Myanmar 4.0% compare
- 34 Bosnia and Herzegovina 3.9% compare
More financial sector data for Morocco
- 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 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 5.35 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.91 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 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 5.35 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 Morocco?
- Average transaction cost of sending remittances to a specific country in Morocco was 4.2% 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 Morocco?
- The highest recorded value was 7.5% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Morocco?
- The lowest recorded value was 4.2% in 2023.
- How does Morocco rank for average transaction cost of sending remittances to a specific country?
- Morocco ranks 31st out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Morocco?
- Over the last ten years it is down 44.1%. The long-run trend across the full record is falling.
- Where does this Morocco 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.