Average transaction cost of sending remittances to a specific country in Togo
Togo: Average transaction cost of sending remittances to a specific country was 2.1% in 2023. ◆ Volatile
Average transaction cost of sending remittances to a specific country in Togo, 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 Togo stood at 2.1%.
That represents a change of up 304.2% on the previous year and down 75.6% over ten years.
That places Togo 73rd 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 Togo, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.5% | — |
| 2017 | 6.8% | -19.4% |
| 2018 | 7.7% | +12.5% |
| 2019 | 5.8% | -23.9% |
| 2020 | 7.7% | +32.8% |
| 2021 | 2.6% | -66.7% |
| 2022 | 0.5% | -80.2% |
| 2023 | 2.1% | +304.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.2% | 5.8% | 8.5% | 4 |
| 2020s | 3.2% | 0.5% | 7.7% | 4 |
Countries ranked near Togo
- 70 North Macedonia 2.1% compare
- 71 Uzbekistan 2.1% compare
- 72 Latvia 2.1% compare
- 74 Thailand 2.0% compare
- 75 Republic of Moldova 2.0% compare
- 76 Ghana 2.0% compare
More financial sector data for Togo
- 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 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.15 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 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.3 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 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.15 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 Togo?
- Average transaction cost of sending remittances to a specific country in Togo was 2.1% 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 Togo?
- The highest recorded value was 8.5% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Togo?
- The lowest recorded value was 0.5% in 2022.
- How does Togo rank for average transaction cost of sending remittances to a specific country?
- Togo ranks 73rd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Togo?
- Over the last ten years it is down 75.6%. The long-run trend across the full record is volatile.
- Where does this Togo 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.