Average transaction cost of sending remittances to a specific country in Pakistan
Pakistan: Average transaction cost of sending remittances to a specific country was 2.1% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Pakistan, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
The most recent figure for average transaction cost of sending remittances to a specific country in Pakistan is 2.1%, measured in 2023.
That represents a change of up 1.0% on the previous year and down 62.6% over ten years.
That places Pakistan 68th 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 Pakistan, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 5.7% | — |
| 2017 | 6.1% | +6.5% |
| 2018 | 5.3% | -13.1% |
| 2019 | 3.2% | -38.7% |
| 2020 | 2.7% | -16.8% |
| 2021 | 2.9% | +8.0% |
| 2022 | 2.1% | -27.2% |
| 2023 | 2.1% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.1% | 3.2% | 6.1% | 4 |
| 2020s | 2.5% | 2.1% | 2.9% | 4 |
Countries ranked near Pakistan
- 65 Ecuador 2.3% compare
- 66 Costa Rica 2.3% compare
- 67 Sri Lanka 2.2% compare
- 69 Cambodia 2.1% compare
- 70 North Macedonia 2.1% compare
- 71 Uzbekistan 2.1% compare
More financial sector data for Pakistan
- 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 0.0006 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 0.0005 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 0.0006 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 Pakistan?
- Average transaction cost of sending remittances to a specific country in Pakistan was 2.1% 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 Pakistan?
- The highest recorded value was 6.1% in 2017.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Pakistan?
- The lowest recorded value was 2.1% in 2022.
- How does Pakistan rank for average transaction cost of sending remittances to a specific country?
- Pakistan ranks 68th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Pakistan?
- Over the last ten years it is down 62.6%. The long-run trend across the full record is falling.
- Where does this Pakistan 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.