Remitting from South Africa incurred a cost of roughly 13.2 percent in the first quarter of 2024, a decrease when compared to the previous year. The cost of sending money from the African country was at its highest in 2012, and generally declined since. The source adds that outgoing remittances from South Africa were noticeably more expensive than the average for the G20 countries, which was estimated at 6.39 percent for sending money worth 200 U.S. dollars.
Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. "Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024." Chart. July 6, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances from South Africa to The Rest of The World from 1st Quarter of 2011 to 1st Quarter of 2024." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/
Statista, Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 Statista, https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/ (last visited November 21, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances from South Africa to the rest of the world from 1st quarter of 2011 to 1st quarter of 2024 [Graph], Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/962745/average-cost-of-sending-remittances-from-south-africa/