In 2021, Benin was the country in Africa with the highest costs incurred on remittances received. Charges on a value of 200 U.S. dollars of remittances received in the country amounted to 21.4 percent of the sum transferred, on average. Angola and Botswana followed, with 19.1 percent and 17.8 percent of the transfer amount, respectively.
African countries with the highest costs of receiving 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. (May 1, 2022). African countries with the highest costs of receiving remittances as of 2021 (in percentage of 200 U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/
International Organization for Migration. "African countries with the highest costs of receiving remittances as of 2021 (in percentage of 200 U.S. dollars)." Chart. May 1, 2022. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/
International Organization for Migration. (2022). African countries with the highest costs of receiving remittances as of 2021 (in percentage of 200 U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/
International Organization for Migration. "African Countries with The Highest Costs of Receiving Remittances as of 2021 (in Percentage of 200 U.S. Dollars)." Statista, Statista Inc., 1 May 2022, https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/
International Organization for Migration, African countries with the highest costs of receiving remittances as of 2021 (in percentage of 200 U.S. dollars) Statista, https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/ (last visited November 03, 2024)
African countries with the highest costs of receiving remittances as of 2021 (in percentage of 200 U.S. dollars) [Graph], International Organization for Migration, May 1, 2022. [Online]. Available: https://www.statista.com/statistics/1269457/african-countries-with-highest-costs-of-receiving-remittances/
