Average transaction cost of sending remittances to a specific country in Nicaragua
Nicaragua: Average transaction cost of sending remittances to a specific country was 2.3% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Nicaragua, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Nicaragua recorded 2.3% for average transaction cost of sending remittances to a specific country in 2023.
Compared with earlier readings it is up 38.1% on the previous year and down 41.7% over ten years.
Nicaragua ranks 64th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 4.0% | — |
| 2017 | 3.5% | -12.5% |
| 2018 | 3.0% | -15.5% |
| 2019 | 3.2% | +8.0% |
| 2020 | 2.8% | -13.3% |
| 2021 | 2.8% | -0.7% |
| 2022 | 1.7% | -38.5% |
| 2023 | 2.3% | +38.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.4% | 3.0% | 4.0% | 4 |
| 2020s | 2.4% | 1.7% | 2.8% | 4 |
Countries ranked near Nicaragua
More financial sector data for Nicaragua
- 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 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.35 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 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.64 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 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.35 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 Nicaragua?
- Average transaction cost of sending remittances to a specific country in Nicaragua was 2.3% 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 Nicaragua?
- The highest recorded value was 4.0% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Nicaragua?
- The lowest recorded value was 1.7% in 2022.
- How does Nicaragua rank for average transaction cost of sending remittances to a specific country?
- Nicaragua ranks 64th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Nicaragua?
- Over the last ten years it is down 41.7%. The long-run trend across the full record is falling.
- Where does this Nicaragua 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.