As of 2021, Mali was the country in Africa with the lowest costs incurred on remittances received. Charges on remittances received in the country amounted to 3.9 percent of the sum transferred (200 U.S. dollars), on average. Cote d'Ivoire and Cameroon followed, with four percent and 4.3 percent of the transfer amount, respectively.
African countries with the lowest costs of receiving remittances as of 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). African countries with the lowest costs of receiving remittances as of 2021 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/
International Organization for Migration. "African countries with the lowest costs of receiving remittances as of 2021." Chart. May 1, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/
International Organization for Migration. (2022). African countries with the lowest costs of receiving remittances as of 2021. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/
International Organization for Migration. "African Countries with The Lowest Costs of Receiving Remittances as of 2021." Statista, Statista Inc., 1 May 2022, https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/
International Organization for Migration, African countries with the lowest costs of receiving remittances as of 2021 Statista, https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/ (last visited November 23, 2024)
African countries with the lowest costs of receiving remittances as of 2021 [Graph], International Organization for Migration, May 1, 2022. [Online]. Available: https://www.statista.com/statistics/1269470/african-countries-with-lowest-costs-of-receiving-remittances/
