Average transaction cost of sending remittances to a specific country in Poland
Poland: Average transaction cost of sending remittances to a specific country was 0.9% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Poland, 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 Poland is 0.9%, measured in 2023.
That represents a change of down 12.5% on the previous year and down 88.9% over ten years.
Poland ranks 93rd of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Poland, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.8% | — |
| 2017 | 1.6% | -79.8% |
| 2018 | 1.2% | -26.0% |
| 2019 | 0.7% | -40.3% |
| 2020 | 0.8% | +17.9% |
| 2021 | 1.2% | +42.5% |
| 2022 | 1.0% | -14.9% |
| 2023 | 0.9% | -12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.8% | 0.7% | 7.8% | 4 |
| 2020s | 1.0% | 0.8% | 1.2% | 4 |
Countries ranked near Poland
More financial sector data for Poland
- Reserve position in the IMF, US dollar, annual growth rate 11.07 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 40.94 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.77 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 29.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.07 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 40.94 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.77 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Poland?
- Average transaction cost of sending remittances to a specific country in Poland was 0.9% 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 Poland?
- The highest recorded value was 7.8% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Poland?
- The lowest recorded value was 0.7% in 2019.
- How does Poland rank for average transaction cost of sending remittances to a specific country?
- Poland ranks 93rd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Poland?
- Over the last ten years it is down 88.9%. The long-run trend across the full record is volatile.
- Where does this Poland 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.