Average transaction cost of sending remittances to a specific country in Serbia
Serbia: Average transaction cost of sending remittances to a specific country was 1.9% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Serbia, 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 Serbia stood at 1.9%.
Compared with earlier readings it is up 1.1% on the previous year and down 81.4% over ten years.
That places Serbia 80th out of 100 countries with data for 2023, putting it in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Serbia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.4% | — |
| 2017 | 8.5% | -18.4% |
| 2018 | 6.2% | -26.5% |
| 2019 | 4.5% | -28.8% |
| 2020 | 3.8% | -13.8% |
| 2021 | 2.9% | -23.6% |
| 2022 | 1.9% | -34.6% |
| 2023 | 1.9% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.4% | 4.5% | 10.4% | 4 |
| 2020s | 2.7% | 1.9% | 3.8% | 4 |
Countries ranked near Serbia
- 77 El Salvador 2.0% compare
- 78 Congo, Democratic Republic of the 2.0% compare
- 79 Palestine, State of 2.0% compare
- 81 Eswatini 1.8% compare
- 81 Lesotho 1.8% compare
- 83 India 1.8% compare
More financial sector data for Serbia
- 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 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 9.8 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 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 7.15 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 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 9.8 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 Serbia?
- Average transaction cost of sending remittances to a specific country in Serbia was 1.9% 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 Serbia?
- The highest recorded value was 10.4% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Serbia?
- The lowest recorded value was 1.9% in 2022.
- How does Serbia rank for average transaction cost of sending remittances to a specific country?
- Serbia ranks 80th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Serbia?
- Over the last ten years it is down 81.4%. The long-run trend across the full record is volatile.
- Where does this Serbia 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.