As of 2021, Côte d’Ivoire was the African country with the lowest costs incurred on remittances sent. The charges for a money transfer of 200 U.S. dollars in the country amounted to 2.7 percent of the sum sent, on average. Senegal and Rwanda followed, with costs corresponding to 3.4 percent and 7.9 percent of the amount sent, respectively.
African countries with the lowest costs of sending remittances as of 2021
(in percentage of 200 U.S. dollars)
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. (June 1, 2022). African countries with the lowest costs of sending remittances as of 2021 (in percentage of 200 U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/
International Organization for Migration. "African countries with the lowest costs of sending remittances as of 2021 (in percentage of 200 U.S. dollars)." Chart. June 1, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/
International Organization for Migration. (2022). African countries with the lowest costs of sending remittances as of 2021 (in percentage of 200 U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/
International Organization for Migration. "African Countries with The Lowest Costs of Sending Remittances as of 2021 (in Percentage of 200 U.S. Dollars)." Statista, Statista Inc., 1 Jun 2022, https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/
International Organization for Migration, African countries with the lowest costs of sending remittances as of 2021 (in percentage of 200 U.S. dollars) Statista, https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/ (last visited November 21, 2024)
African countries with the lowest costs of sending remittances as of 2021 (in percentage of 200 U.S. dollars) [Graph], International Organization for Migration, June 1, 2022. [Online]. Available: https://www.statista.com/statistics/1269448/african-countries-with-lowest-costs-of-sending-remittances/
