Average transaction cost of sending remittances to a specific country in Ukraine
Ukraine: Average transaction cost of sending remittances to a specific country was 0.7% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Ukraine, 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 Ukraine is 0.7%, measured in 2023. That is the lowest value across all 8 years on record.
Compared with earlier readings it is down 59.6% on the previous year and down 88.1% over ten years.
Ukraine ranks 98th of 100 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances to a specific country in Ukraine, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 6.1% | — |
| 2017 | 4.2% | -30.2% |
| 2018 | 4.3% | +1.8% |
| 2019 | 4.2% | -2.7% |
| 2020 | 3.1% | -26.0% |
| 2021 | 2.8% | -8.3% |
| 2022 | 1.8% | -37.6% |
| 2023 | 0.7% | -59.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.7% | 4.2% | 6.1% | 4 |
| 2020s | 2.1% | 0.7% | 3.1% | 4 |
Countries ranked near Ukraine
More financial sector data for Ukraine
- 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 0.0085 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 0.0062 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 0.0085 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 Ukraine?
- Average transaction cost of sending remittances to a specific country in Ukraine was 0.7% 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 Ukraine?
- The highest recorded value was 6.1% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Ukraine?
- The lowest recorded value was 0.7% in 2023.
- How does Ukraine rank for average transaction cost of sending remittances to a specific country?
- Ukraine ranks 98th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Ukraine?
- Over the last ten years it is down 88.1%. The long-run trend across the full record is falling.
- Where does this Ukraine 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.