Average transaction cost of sending remittances to a specific country in Peru
Peru: Average transaction cost of sending remittances to a specific country was 3.6% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Peru, 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 Peru stood at 3.6%. That is the lowest value across all 8 years on record.
Compared with earlier readings it is down 5.3% on the previous year and down 42.2% over ten years.
Peru ranks 38th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Peru, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.2% | — |
| 2017 | 6.2% | -0.3% |
| 2018 | 4.0% | -35.1% |
| 2019 | 4.6% | +15.1% |
| 2020 | 5.9% | +28.3% |
| 2021 | 4.4% | -24.7% |
| 2022 | 3.8% | -15.1% |
| 2023 | 3.6% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.2% | 4.0% | 6.2% | 4 |
| 2020s | 4.4% | 3.6% | 5.9% | 4 |
Countries ranked near Peru
More financial sector data for Peru
- Net domestic credit (current LCU), per capita 12,760 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.5 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 4.21 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 39.01 million SDR (2025)
- Gold reserves at market value 3.56 billion SDR (2025)
- Reserves excluding gold, foreign exchange 60.31 billion SDR (2025)
- Reserves excluding gold 62.45 billion SDR (2025)
- Total reserves (gold at market value) 66.00 billion SDR (2025)
- Total reserves (gold at national valuation) 65.96 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,908 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Peru?
- Average transaction cost of sending remittances to a specific country in Peru was 3.6% 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 Peru?
- The highest recorded value was 6.2% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Peru?
- The lowest recorded value was 3.6% in 2023.
- How does Peru rank for average transaction cost of sending remittances to a specific country?
- Peru ranks 38th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Peru?
- Over the last ten years it is down 42.2%. The long-run trend across the full record is falling.
- Where does this Peru 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.