Average transaction cost of sending remittances to a specific country in Romania
Romania: 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 Romania, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Romania recorded 0.9% for average transaction cost of sending remittances to a specific country in 2023. That is the lowest value across all 8 years on record.
That represents a change of down 39.4% on the previous year and down 86.6% over ten years.
Romania ranks 94th of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Romania, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.5% | — |
| 2017 | 2.0% | -68.7% |
| 2018 | 1.0% | -50.3% |
| 2019 | 1.4% | +37.9% |
| 2020 | 1.0% | -29.3% |
| 2021 | 1.9% | +91.2% |
| 2022 | 1.4% | -23.5% |
| 2023 | 0.9% | -39.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.7% | 1.0% | 6.5% | 4 |
| 2020s | 1.3% | 0.9% | 1.9% | 4 |
Countries ranked near Romania
More financial sector data for Romania
- 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 units per person (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 units per person (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 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, SDR, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 12.7 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1232 SDR per US$ of GDP (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Romania?
- Average transaction cost of sending remittances to a specific country in Romania 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 Romania?
- The highest recorded value was 6.5% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Romania?
- The lowest recorded value was 0.9% in 2023.
- How does Romania rank for average transaction cost of sending remittances to a specific country?
- Romania ranks 94th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Romania?
- Over the last ten years it is down 86.6%. The long-run trend across the full record is volatile.
- Where does this Romania 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.