Average transaction cost of sending remittances to a specific country in Vanuatu
Vanuatu: Average transaction cost of sending remittances to a specific country was 9.5% in 2023. ▬ Flat
Average transaction cost of sending remittances to a specific country in Vanuatu, 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 Vanuatu is 9.5%, measured in 2023.
That represents a change of up 17.9% on the previous year and up 13.6% over ten years.
Vanuatu ranks 5th of 100 countries on this measure, in the top 10%.
Average transaction cost of sending remittances to a specific country in Vanuatu, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 8.4% | — |
| 2017 | 8.2% | -1.4% |
| 2018 | 9.4% | +14.5% |
| 2019 | 9.6% | +2.2% |
| 2020 | 7.0% | -27.0% |
| 2021 | 9.6% | +36.6% |
| 2022 | 8.1% | -16.2% |
| 2023 | 9.5% | +17.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.9% | 8.2% | 9.6% | 4 |
| 2020s | 8.5% | 7.0% | 9.6% | 4 |
Countries ranked near Vanuatu
- 2 Angola 12.8% compare
- 3 Sierra Leone 10.3% compare
- 4 Tajikistan 10.3% compare
- 6 Eritrea 9.2% compare
- 7 Afghanistan 9.0% compare
- 8 Uganda 8.9% compare
More financial sector data for Vanuatu
- 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 0.0042 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 17.14 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 0.0031 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 12.52 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 0.0042 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 17.14 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 Vanuatu?
- Average transaction cost of sending remittances to a specific country in Vanuatu was 9.5% 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 Vanuatu?
- The highest recorded value was 9.6% in 2019.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Vanuatu?
- The lowest recorded value was 7.0% in 2020.
- How does Vanuatu rank for average transaction cost of sending remittances to a specific country?
- Vanuatu ranks 5th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Vanuatu?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is flat.
- Where does this Vanuatu 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
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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.