Remittance costs as a proportion of the amount remitted in Kenya

Kenya: Remittance costs as a proportion of the amount remitted was 9.2% in 2021. β–¬ Flat

Latest (2021)
9.2%
Change on year
down 3.2%
World rank
8th
of 46 countries
All-time high
11.3%
in 2019
All-time low
9.2%
in 2021
Years of data
7
2011–2021

Remittance costs as a proportion of the amount remitted in Kenya, 2011–2021

02.557.51012.52011201620212011: 9.7 %2015: 11 %2017: 9.5 %2018: 11.1 %2019: 11.3 %2020: 9.5 %2021: 9.2 %

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

Analysis

Kenya recorded 9.2% for remittance costs as a proportion of the amount remitted in 2021. That is the lowest value across all 7 years on record.

Compared with earlier readings it is down 3.2% on the previous year and down 5.0% over ten years.

Over the whole period, remittance costs as a proportion of the amount remitted in Kenya peaked at 11.3% in 2019 and was at its lowest, 9.2%, in 2021.

Kenya ranks 8th of 46 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 10.5% 9.5% 11.3% 5
2020s 9.4% 9.2% 9.5% 2

Countries ranked near Kenya

  1. 5 Israel 13.9% compare
  2. 6 Angola 12.7% compare
  3. 7 Thailand 11.6% compare
  4. 9 Ghana 8.1% compare
  5. 10 Japan 8.0% compare
  6. 11 Costa Rica 7.5% compare

See the full ranking of 46 places β†’

More reference data data for Kenya

All data for Kenya β†’

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Kenya?
Remittance costs as a proportion of the amount remitted in Kenya was 9.2% 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 Kenya?
The highest recorded value was 11.3% in 2019.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Kenya?
The lowest recorded value was 9.2% in 2021.
How does Kenya rank for remittance costs as a proportion of the amount remitted?
Kenya ranks 8th out of 46 countries with data for 2021.
Is remittance costs as a proportion of the amount remitted rising or falling in Kenya?
Over the last ten years it is down 5.0%. The long-run trend across the full record is flat.
Where does this Kenya 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.

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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.