Average transaction cost of sending remittances to a specific country in Thailand
Thailand: Average transaction cost of sending remittances to a specific country was 2.0% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Thailand, 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 Thailand stood at 2.0%.
The figure is down 0.3% on the previous year and down 81.7% over ten years.
That places Thailand 74th 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 Thailand, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 11.0% | — |
| 2017 | 6.0% | -45.5% |
| 2018 | 4.1% | -31.5% |
| 2019 | 3.3% | -18.9% |
| 2020 | 2.2% | -33.4% |
| 2021 | 1.9% | -14.0% |
| 2022 | 2.0% | +6.0% |
| 2023 | 2.0% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.1% | 3.3% | 11.0% | 4 |
| 2020s | 2.0% | 1.9% | 2.2% | 4 |
Countries ranked near Thailand
- 71 Uzbekistan 2.1% compare
- 72 Latvia 2.1% compare
- 73 Togo 2.1% compare
- 75 Republic of Moldova 2.0% compare
- 76 Ghana 2.0% compare
- 77 El Salvador 2.0% compare
More financial sector data for Thailand
- Reserve position in the IMF, US dollar, annual growth rate 8.39 % 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 16.06 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.73 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.39 % 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 16.06 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.21 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Thailand?
- Average transaction cost of sending remittances to a specific country in Thailand was 2.0% 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 Thailand?
- The highest recorded value was 11.0% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Thailand?
- The lowest recorded value was 1.9% in 2021.
- How does Thailand rank for average transaction cost of sending remittances to a specific country?
- Thailand ranks 74th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Thailand?
- Over the last ten years it is down 81.7%. The long-run trend across the full record is volatile.
- Where does this Thailand 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.