Average transaction cost of sending remittances to a specific country in Rwanda
Rwanda: Average transaction cost of sending remittances to a specific country was 5.8% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Rwanda, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
Rwanda recorded 5.8% for average transaction cost of sending remittances to a specific country in 2023.
The figure is up 100.1% on the previous year and down 38.0% over ten years.
That places Rwanda 17th out of 100 countries with data for 2023, putting it in the top quarter.
Average transaction cost of sending remittances to a specific country in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.3% | — |
| 2017 | 6.8% | -27.2% |
| 2018 | 7.5% | +10.5% |
| 2019 | 7.4% | -1.4% |
| 2020 | 5.6% | -24.0% |
| 2021 | 6.2% | +11.0% |
| 2022 | 2.9% | -53.7% |
| 2023 | 5.8% | +100.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.7% | 6.8% | 9.3% | 4 |
| 2020s | 5.1% | 2.9% | 6.2% | 4 |
Countries ranked near Rwanda
More financial sector data for Rwanda
- 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 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.88 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 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.37 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 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.88 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 Rwanda?
- Average transaction cost of sending remittances to a specific country in Rwanda was 5.8% 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 Rwanda?
- The highest recorded value was 9.3% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Rwanda?
- The lowest recorded value was 2.9% in 2022.
- How does Rwanda rank for average transaction cost of sending remittances to a specific country?
- Rwanda ranks 17th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Rwanda?
- Over the last ten years it is down 38.0%. The long-run trend across the full record is falling.
- Where does this Rwanda 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.