Average transaction cost of sending remittances to a specific country in Zimbabwe
Zimbabwe: Average transaction cost of sending remittances to a specific country was 5.3% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Zimbabwe, 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 Zimbabwe is 5.3%, measured in 2023.
Compared with earlier readings it is up 51.0% on the previous year and down 53.4% over ten years.
That places Zimbabwe 22nd out of 100 countries with data for 2023, putting it in the top quarter.
Average transaction cost of sending remittances to a specific country in Zimbabwe, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 11.3% | — |
| 2017 | 7.9% | -30.1% |
| 2018 | 6.6% | -16.4% |
| 2019 | 6.9% | +4.0% |
| 2020 | 5.6% | -18.1% |
| 2021 | 5.4% | -3.9% |
| 2022 | 3.5% | -35.6% |
| 2023 | 5.3% | +51.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.2% | 6.6% | 11.3% | 4 |
| 2020s | 4.9% | 3.5% | 5.6% | 4 |
Countries ranked near Zimbabwe
More financial sector data for Zimbabwe
- 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 0.0265 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 0.0194 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 0.0265 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 Zimbabwe?
- Average transaction cost of sending remittances to a specific country in Zimbabwe was 5.3% 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 Zimbabwe?
- The highest recorded value was 11.3% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Zimbabwe?
- The lowest recorded value was 3.5% in 2022.
- How does Zimbabwe rank for average transaction cost of sending remittances to a specific country?
- Zimbabwe ranks 22nd out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Zimbabwe?
- Over the last ten years it is down 53.4%. The long-run trend across the full record is falling.
- Where does this Zimbabwe 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.