Average transaction cost of sending remittances to a specific country in Zambia
Zambia: Average transaction cost of sending remittances to a specific country was 8.1% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Zambia, 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 Zambia is 8.1%, measured in 2023.
Compared with earlier readings it is up 48.8% on the previous year and down 35.7% over ten years.
Zambia ranks 10th of 100 countries on this measure, in the top 10%.
Average transaction cost of sending remittances to a specific country in Zambia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 12.6% | — |
| 2017 | 11.5% | -9.1% |
| 2018 | 10.2% | -11.3% |
| 2019 | 11.4% | +11.9% |
| 2020 | 9.2% | -19.5% |
| 2021 | 7.6% | -17.4% |
| 2022 | 5.5% | -27.9% |
| 2023 | 8.1% | +48.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.4% | 10.2% | 12.6% | 4 |
| 2020s | 7.6% | 5.5% | 9.2% | 4 |
Countries ranked near Zambia
More financial sector data for Zambia
- 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 0.0011 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 0.0008 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 0.0011 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 Zambia?
- Average transaction cost of sending remittances to a specific country in Zambia was 8.1% 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 Zambia?
- The highest recorded value was 12.6% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Zambia?
- The lowest recorded value was 5.5% in 2022.
- How does Zambia rank for average transaction cost of sending remittances to a specific country?
- Zambia ranks 10th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Zambia?
- Over the last ten years it is down 35.7%. The long-run trend across the full record is falling.
- Where does this Zambia 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.