In 2021, receiving remittances of a value of 200 U.S. dollars in African countries incurred costs amounting to 9.4 percent of the amount. Within the period reviewed, the highest cost was registered in 2012, when 12.3 percent of the transferred sum was charged. By comparison, the average cost of sending remittances from Africa was lower as of 2021.
Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021
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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International Organization for Migration. (May 1, 2022). Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/
International Organization for Migration. "Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021." Chart. May 1, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/
International Organization for Migration. (2022). Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/
International Organization for Migration. "Average Cost of Receiving 200 U.S. Dollars in Remittances in Africa from 2011 to 2021." Statista, Statista Inc., 1 May 2022, https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/
International Organization for Migration, Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021 Statista, https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/ (last visited November 23, 2024)
Average cost of receiving 200 U.S. dollars in remittances in Africa from 2011 to 2021 [Graph], International Organization for Migration, May 1, 2022. [Online]. Available: https://www.statista.com/statistics/1269235/average-cost-of-receiving-remittances-in-africa/
