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Countries in Africa with the highest costs of sending remittances 2020
Published by Doris Dokua Sasu, Oct 18, 2021
In 2020, Tanzania and Angola were the countries in Africa with the highest costs incurred on remittances sent. The charges for a money transfer of 200 U.S. dollars in each country amounted to 19.7 percent of the sum sent, on average.
African countries with the highest costs of sending remittances as of 2020 (in percentage of 200 U.S. dollars)
Average cost in percentage of 200 U.S. dollars
Tanzania 19.7%
Angola 19.7%
Nigeria 14.2%
Ghana 10.2%
average values
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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Doris Dokua Sasu
Research Expert covering primarily society and agricultural topics for the Africa region, particularly Ghana and Morocco
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International Organization for Migration. (June 1, 2021). African countries with the highest costs of sending remittances as of 2020 (in percentage of 200 U.S. dollars) [Graph]. In Statista. Retrieved January 19, 2022, from https://www.statista.com/statistics/1269417/african-countries-with-highest-costs-of-sending-remittances/
International Organization for Migration. "African countries with the highest costs of sending remittances as of 2020 (in percentage of 200 U.S. dollars)." Chart. June 1, 2021. Statista. Accessed January 19, 2022. https://www.statista.com/statistics/1269417/african-countries-with-highest-costs-of-sending-remittances/
International Organization for Migration. (2021). African countries with the highest costs of sending remittances as of 2020 (in percentage of 200 U.S. dollars). Statista. Statista Inc.. Accessed: January 19, 2022. https://www.statista.com/statistics/1269417/african-countries-with-highest-costs-of-sending-remittances/
International Organization for Migration. "African Countries with The Highest Costs of Sending Remittances as of 2020 (in Percentage of 200 U.S. Dollars)." Statista, Statista Inc., 1 Jun 2021, https://www.statista.com/statistics/1269417/african-countries-with-highest-costs-of-sending-remittances/
International Organization for Migration, African countries with the highest costs of sending remittances as of 2020 (in percentage of 200 U.S. dollars) Statista, https://www.statista.com/statistics/1269417/african-countries-with-highest-costs-of-sending-remittances/ (last visited January 19, 2022)