In 2020, sending remittances to Tanzania cost an average of 9.9 percent of the amount sent, the lowest level recorded since 2011. The highest cost was registered in 2012, when sending money to Tanzania was charged 12.4 percent of the total sum transferred.
Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020
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).
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World Bank. (May 31, 2021). Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/
World Bank. "Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020." Chart. May 31, 2021. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/
World Bank. (2021). Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/
World Bank. "Cost of Sending 200 U.S. Dollars in Remittances to Tanzania from 2011 to 2020." Statista, Statista Inc., 31 May 2021, https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/
World Bank, Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020 Statista, https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/ (last visited December 19, 2024)
Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020 [Graph], World Bank, May 31, 2021. [Online]. Available: https://www.statista.com/statistics/1243436/cost-of-sending-remittances-to-tanzania/
