Remittance costs as a proportion of the amount remitted in Rwanda

Rwanda: Remittance costs as a proportion of the amount remitted was 5.2% in 2021. ▬ Flat

Latest (2021)
5.2%
Change on year
down 39.0%
World rank
28th
of 46 countries
All-time high
8.5%
in 2020
All-time low
5.2%
in 2021
Years of data
5
2017–2021

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

024682017201920212017: 6.2 %2018: 6.8 %2019: 5.4 %2020: 8.5 %2021: 5.2 %

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

Analysis

In 2021, remittance costs as a proportion of the amount remitted in Rwanda stood at 5.2%. That is the lowest value across all 5 years on record.

The figure is down 39.0% on the previous year and down 16.4% over five years.

Rwanda ranks 28th of 46 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 6.1% 5.4% 6.8% 3
2020s 6.9% 5.2% 8.5% 2

Countries ranked near Rwanda

  1. 25 Portugal 6.0% compare
  2. 26 United States 5.6% compare
  3. 27 Chile 5.3% compare
  4. 29 Spain 5.2% compare
  5. 30 Norway 5.1% compare
  6. 31 Saudi Arabia 4.9% compare

See the full ranking of 46 places →

More reference data data for Rwanda

All data for Rwanda →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Rwanda?
Remittance costs as a proportion of the amount remitted in Rwanda was 5.2% 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 Rwanda?
The highest recorded value was 8.5% in 2020.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Rwanda?
The lowest recorded value was 5.2% in 2021.
How does Rwanda rank for remittance costs as a proportion of the amount remitted?
Rwanda ranks 28th out of 46 countries with data for 2021.
Where does this Rwanda 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.