Remittance costs as a proportion of the amount remitted in Senegal

Senegal: Remittance costs as a proportion of the amount remitted was 25.7% in 2025. ◆ Volatile

Latest (2025)
25.7%
Change on year
up 46.9%
World rank
3rd
of 47 countries
All-time high
25.7%
in 2025
All-time low
1.4%
in 2023
Years of data
11
2011–2025

Remittance costs as a proportion of the amount remitted in Senegal, 2011–2025

05101520252011201820252011: 6.2 %2015: 4.8 %2017: 4.1 %2018: 3.5 %2019: 3.6 %2020: 3.3 %2021: 3.5 %2022: 3.7 %2023: 1.4 %2024: 17.5 %2025: 25.7 %

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

Analysis

The most recent figure for remittance costs as a proportion of the amount remitted in Senegal is 25.7%, measured in 2025. That is the highest value across all 11 years on record.

The figure is up 46.9% on the previous year and up 435.4% over ten years.

Over the whole period, remittance costs as a proportion of the amount remitted in Senegal peaked at 25.7% in 2025 and was at its lowest, 1.4%, in 2023.

That places Senegal 3rd out of 47 countries with data for 2025, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Remittance costs as a proportion of the amount remitted in Senegal, year by year

Annual values for Remittance costs as a proportion of the amount remitted in Senegal, 2011 to 2025.
Year % Change
2011 6.2% —
2015 4.8% -22.7%
2017 4.1% -15.4%
2018 3.5% -14.5%
2019 3.6% +2.9%
2020 3.3% -8.7%
2021 3.5% +5.8%
2022 3.7% +7.2%
2023 1.4% -62.7%
2024 17.5% +1168.1%
2025 25.7% +46.9%

Senegal compared with similar countries

  • Senegal's 25.7% is above the median for lower middle income countries, which is 12.4%, 2.1× the median. (9 countries reporting)
  • Senegal's 25.7% is above the median for Sub-Saharan Africa, which is 13.3%, 1.9× the median. (9 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.4% 3.5% 6.2% 5
2020s 9.2% 1.4% 25.7% 6

Countries ranked near Senegal

  1. 1 Turkey 118.2% compare
  2. 2 Tanzania 57.8% compare
  3. 4 Rwanda 22.6% compare
  4. 5 South Africa 15.7% compare
  5. 6 Angola 13.3% compare
  6. 6 Ghana 13.3% compare

See the full ranking of 47 places →

More reference data data for Senegal

All data for Senegal →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Senegal?
Remittance costs as a proportion of the amount remitted in Senegal was 25.7% in 2025, according to World Bank – processed by Our World in Data.
What is the highest remittance costs as a proportion of the amount remitted recorded in Senegal?
The highest recorded value was 25.7% in 2025.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Senegal?
The lowest recorded value was 1.4% in 2023.
How does Senegal rank for remittance costs as a proportion of the amount remitted?
Senegal ranks 3rd out of 47 countries with data for 2025.
Is remittance costs as a proportion of the amount remitted rising or falling in Senegal?
Over the last ten years it is up 435.4%. The long-run trend across the full record is volatile.
Where does this Senegal data come from?
The figures come from World Bank – 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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Remittance costs as a proportion of the amount remitted in Senegal. Statizoid, drawing on World Bank – processed by Our World in Data. Retrieved 30 September 2026, from https://reference.statizoid.com/stat/remittance-costs-as-share-of-amount-remitted/senegal/

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About this data

Indicator
Remittance costs as a proportion of the amount remitted
Unit
%
Source
World Bank – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
47 places, 475 data points, 2011–2025
Last refreshed

Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%).