Remittance costs as a proportion of the amount remitted in Cameroon

Cameroon: Remittance costs as a proportion of the amount remitted was 16.6% in 2021. ▲ Rising

Latest (2021)
16.6%
Change on year
up 12.7%
World rank
3rd
of 46 countries
All-time high
16.6%
in 2021
All-time low
10.2%
in 2019
Years of data
5
2017–2021

Remittance costs as a proportion of the amount remitted in Cameroon, 2017–2021

0510152017201920212017: 15.4 %2018: 14.9 %2019: 10.2 %2020: 14.7 %2021: 16.6 %

Source: World Bank (2023) – processed by Our World in Data. Measured in %.

Analysis

Cameroon recorded 16.6% for remittance costs as a proportion of the amount remitted in 2021. That is the highest value across all 5 years on record.

The figure is up 12.7% on the previous year and up 7.7% over five years.

That places Cameroon 3rd out of 46 countries with data for 2021, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2010s 13.5% 10.2% 15.4% 3
2020s 15.6% 14.7% 16.6% 2

Countries ranked near Cameroon

  1. 1 Tanzania 27.9% compare
  2. 2 Turkey 22.4% compare
  3. 4 South Africa 14.8% compare
  4. 5 Israel 13.9% compare
  5. 6 Angola 12.7% compare

See the full ranking of 46 places →

More reference data data for Cameroon

All data for Cameroon →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Cameroon?
Remittance costs as a proportion of the amount remitted in Cameroon was 16.6% in 2021, according to World Bank (2023) – processed by Our World in Data.
What is the highest remittance costs as a proportion of the amount remitted recorded in Cameroon?
The highest recorded value was 16.6% in 2021.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Cameroon?
The lowest recorded value was 10.2% in 2019.
How does Cameroon rank for remittance costs as a proportion of the amount remitted?
Cameroon ranks 3rd out of 46 countries with data for 2021.
Where does this Cameroon data come from?
The figures come from World Bank (2023) – processed by Our World in Data, published as part of Remittance costs as a proportion of the amount remitted. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Remittance costs as a proportion of the amount remitted
Unit
%
Source
World Bank (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
46 places, 291 data points, 2011–2021
Last refreshed

The average remittance cost of sending $200 (or equivalent in local sending currency) from each country, expressed as a percentage.