Average transaction cost of sending remittances to a specific country in Sierra Leone
Sierra Leone: Average transaction cost of sending remittances to a specific country was 10.3% in 2023. ▬ Flat
Average transaction cost of sending remittances to a specific country in Sierra Leone, 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 Sierra Leone is 10.3%, measured in 2023.
The figure is up 4.4% on the previous year and up 2.9% over ten years.
That places Sierra Leone 3rd out of 100 countries with data for 2023, putting it in the top 10%.
Average transaction cost of sending remittances to a specific country in Sierra Leone, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 10.1% | — |
| 2017 | 8.7% | -13.3% |
| 2018 | 10.3% | +17.9% |
| 2019 | 13.5% | +31.2% |
| 2020 | 12.7% | -6.0% |
| 2021 | 8.2% | -35.3% |
| 2022 | 9.9% | +20.7% |
| 2023 | 10.3% | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.6% | 8.7% | 13.5% | 4 |
| 2020s | 10.3% | 8.2% | 12.7% | 4 |
Countries ranked near Sierra Leone
More financial sector data for Sierra Leone
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0037 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0027 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0037 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 Sierra Leone?
- Average transaction cost of sending remittances to a specific country in Sierra Leone was 10.3% 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 Sierra Leone?
- The highest recorded value was 13.5% in 2019.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Sierra Leone?
- The lowest recorded value was 8.2% in 2021.
- How does Sierra Leone rank for average transaction cost of sending remittances to a specific country?
- Sierra Leone ranks 3rd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Sierra Leone?
- Over the last ten years it is up 2.9%. The long-run trend across the full record is flat.
- Where does this Sierra Leone 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.