In 2020, sending remittances to Kenya cost an average of 8.3 percent of the amount sent, corresponding to 200 U.S. dollars. It was one of the lowest costs recorded since 2011. The highest cost was registered in 2011, when sending money to Kenya was charged 14 percent of the total sum transferred.
Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020
According to the source, all data shown are 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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World Bank. (June 1, 2021). Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/
World Bank. "Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020." Chart. June 1, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/
World Bank. (2021). Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/
World Bank. "Cost of Sending 200 U.S. Dollars in Remittances to Kenya from 2011 to 2020." Statista, Statista Inc., 1 Jun 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/
World Bank, Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/ (last visited November 10, 2024)
Cost of sending 200 U.S. dollars in remittances to Kenya from 2011 to 2020 [Graph], World Bank, June 1, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248268/cost-of-sending-remittances-to-kenya/
