Average transaction cost of sending remittances to a specific country in Uganda
Uganda: Average transaction cost of sending remittances to a specific country was 8.9% in 2023. ▲ Rising
Average transaction cost of sending remittances to a specific country in Uganda, 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 Uganda is 8.9%, measured in 2023. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 61.6% on the previous year and up 7.9% over ten years.
Uganda ranks 8th of 100 countries on this measure, in the top 10%.
Average transaction cost of sending remittances to a specific country in Uganda, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.2% | — |
| 2017 | 5.0% | -39.0% |
| 2018 | 2.2% | -55.3% |
| 2019 | 5.2% | +132.2% |
| 2020 | 6.9% | +32.2% |
| 2021 | 7.8% | +13.0% |
| 2022 | 5.5% | -29.5% |
| 2023 | 8.9% | +61.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.2% | 2.2% | 8.2% | 4 |
| 2020s | 7.3% | 5.5% | 8.9% | 4 |
Countries ranked near Uganda
More financial sector data for Uganda
- 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 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 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 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 Uganda?
- Average transaction cost of sending remittances to a specific country in Uganda was 8.9% 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 Uganda?
- The highest recorded value was 8.9% in 2023.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Uganda?
- The lowest recorded value was 2.2% in 2018.
- How does Uganda rank for average transaction cost of sending remittances to a specific country?
- Uganda ranks 8th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Uganda?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- Where does this Uganda 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.