Cost of sending remittances to Tanzania 2011 to 2020

Published by
Lars Kamer,
Sep 8, 2022
In 2020, sending remittances to Tanzania cost an average of 9.9 percent of the amount sent, the lowest level recorded since 2011. The highest cost was registered in 2012, when sending money to Tanzania was charged 12.4 percent of the total sum transferred.

Cost of sending 200 U.S. dollars in remittances to Tanzania from 2011 to 2020

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Source

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Release date

May 2021

Region

Tanzania

Survey time period

2011 to 2020

Supplementary notes

According to the source, all data shown are the World Bank’s calculations based on data from IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks. Trends over time are not directly comparable due to changes in measurement. Also, the data often do not include remittances sent by migrants via money transfer operators (i.e. Western Union) or informal transfers (i.e. friends, relatives).

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