Average transaction cost of sending remittances to a specific country in Nepal
Nepal: Average transaction cost of sending remittances to a specific country was 2.5% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Nepal, 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 Nepal stood at 2.5%.
That represents a change of up 12.7% on the previous year and down 48.3% over ten years.
Nepal ranks 57th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Nepal, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 4.9% | — |
| 2017 | 5.2% | +6.0% |
| 2018 | 4.1% | -21.9% |
| 2019 | 4.2% | +2.6% |
| 2020 | 3.5% | -15.5% |
| 2021 | 2.7% | -23.4% |
| 2022 | 2.2% | -16.7% |
| 2023 | 2.5% | +12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.6% | 4.1% | 5.2% | 4 |
| 2020s | 2.7% | 2.2% | 3.5% | 4 |
Countries ranked near Nepal
More financial sector data for Nepal
- 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 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.7398 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 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.5402 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 0.0005 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.7398 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 Nepal?
- Average transaction cost of sending remittances to a specific country in Nepal was 2.5% 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 Nepal?
- The highest recorded value was 5.2% in 2017.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Nepal?
- The lowest recorded value was 2.2% in 2022.
- How does Nepal rank for average transaction cost of sending remittances to a specific country?
- Nepal ranks 57th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Nepal?
- Over the last ten years it is down 48.3%. The long-run trend across the full record is falling.
- Where does this Nepal 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.