Average transaction cost of sending remittances to a specific country in Samoa
Samoa: Average transaction cost of sending remittances to a specific country was 4.6% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Samoa, 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 Samoa stood at 4.6%.
Compared with earlier readings it is up 44.6% on the previous year and down 50.2% over ten years.
That places Samoa 27th 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 Samoa, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 9.2% | — |
| 2017 | 4.8% | -48.3% |
| 2018 | 5.2% | +8.6% |
| 2019 | 6.2% | +19.1% |
| 2020 | 5.4% | -12.3% |
| 2021 | 5.2% | -3.2% |
| 2022 | 3.2% | -39.4% |
| 2023 | 4.6% | +44.6% |
Samoa compared with similar countries
- Samoa's 4.6% is above the median for upper middle income countries, which is 2.6%, 1.8× the median. (39 countries reporting)
- Samoa's 4.6% is above the median for East Asia & Pacific, which is 3.2%, 1.4× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.3% | 4.8% | 9.2% | 4 |
| 2020s | 4.6% | 3.2% | 5.4% | 4 |
Countries ranked near Samoa
More financial sector data for Samoa
- 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 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 11.51 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 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.41 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 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 11.51 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 Samoa?
- Average transaction cost of sending remittances to a specific country in Samoa was 4.6% 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 Samoa?
- The highest recorded value was 9.2% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Samoa?
- The lowest recorded value was 3.2% in 2022.
- How does Samoa rank for average transaction cost of sending remittances to a specific country?
- Samoa ranks 27th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Samoa?
- Over the last ten years it is down 50.2%. The long-run trend across the full record is falling.
- Where does this Samoa 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.