As of 2021, sending remittances of a value of 200 U.S. dollars from a country in Africa incurred average costs amounting to 11.2 percent of the amount sent. Within the period reviewed, the highest and lowest costs were registered in 2011 and 2021, when, respectively, 9.2 percent and 6.3 percent of the transferred sum was charged.
Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 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). Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/
International Organization for Migration. "Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021." Chart. May 1, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/
International Organization for Migration. (2022). Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/
International Organization for Migration. "Average Cost of Sending 200 U.S. Dollars in Remittances from Africa from 2011 to 2021." Statista, Statista Inc., 1 May 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/
International Organization for Migration, Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/ (last visited November 10, 2024)
Average cost of sending 200 U.S. dollars in remittances from Africa from 2011 to 2021 [Graph], International Organization for Migration, May 1, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1269220/average-cost-of-sending-remittances-from-africa/
