Somalia Payment System
Somalia SO: Average Transaction Cost of Sending Remittances to a Specific Country
SO: Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 8.424 % in 2017. This records an increase from the previous number of 7.650 % for 2016. SO: Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 6.514 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 8.966 % in 2011 and a record low of 5.650 % in 2013. SO: Average Transaction Cost of Sending Remittances to a Specific Country data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank.WDI: Payment System. Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.; ; World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 8.42 2017 | yearly | 2011 - 2017 |