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Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021

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Sources

Release date

May 2022

Region

Africa

Survey time period

2011 to 2021

Supplementary notes

According to the source, all data shown are the World Bank’s calculations based on data from IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks. Trends over time are not directly comparable due to changes in measurement. Also, the data often do not include remittances sent by migrants via money transfer operators (i.e. Western Union) or informal transfers (i.e. friends, relatives).

Citation formats

Average cost of sending remittances from Africa 2011-2021

Published by ÌÇÐÄÆƽâ°æ Research Department, May 1, 2022
As of 2021, sending remittances of a value of *** U.S. dollars from a country in Africa incurred average costs amounting to **** percent of the amount sent. Within the period reviewed, the highest and lowest costs were registered in 2011 and 2021, when, respectively, *** percent and *** percent of the transferred sum was charged.
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