Average remittance costs of sending $200 to a receiving country as a in Nigeria
Nigeria: Average remittance costs of sending $200 to a receiving country as a was 4.3% in 2025. ▼ Falling
Average remittance costs of sending $200 to a receiving country as a in Nigeria, 2011–2025
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for average remittance costs of sending $200 to a receiving country as a in Nigeria is 4.3%, measured in 2025.
That represents a change of down 15.5% on the previous year and down 44.5% over ten years.
Over the whole period, average remittance costs of sending $200 to a receiving country as a in Nigeria peaked at 10.1% in 2011 and was at its lowest, 4.1%, in 2022.
That places Nigeria 85th out of 110 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Average remittance costs of sending $200 to a receiving country as a in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 10.1% | — |
| 2015 | 7.8% | -23.3% |
| 2017 | 8.5% | +9.8% |
| 2018 | 7.6% | -10.6% |
| 2019 | 8.6% | +13.1% |
| 2020 | 7.1% | -17.9% |
| 2021 | 5.4% | -23.1% |
| 2022 | 4.1% | -24.6% |
| 2023 | 4.8% | +18.3% |
| 2024 | 5.1% | +4.9% |
| 2025 | 4.3% | -15.5% |
Nigeria compared with similar countries
- Nigeria's 4.3% is below the median for lower middle income countries, which is 5.6%, 76% of the median. (32 countries reporting)
- Nigeria's 4.3% is below the median for Sub-Saharan Africa, which is 8.3%, 52% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.5% | 7.6% | 10.1% | 5 |
| 2020s | 5.1% | 4.1% | 7.1% | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is average remittance costs of sending $200 to a receiving country as a in Nigeria?
- Average remittance costs of sending $200 to a receiving country as a in Nigeria was 4.3% in 2025, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average remittance costs of sending $200 to a receiving country as a recorded in Nigeria?
- The highest recorded value was 10.1% in 2011.
- What is the lowest average remittance costs of sending $200 to a receiving country as a recorded in Nigeria?
- The lowest recorded value was 4.1% in 2022.
- How does Nigeria rank for average remittance costs of sending $200 to a receiving country as a?
- Nigeria ranks 85th out of 110 countries with data for 2025.
- Is average remittance costs of sending $200 to a receiving country as a rising or falling in Nigeria?
- Over the last ten years it is down 44.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average remittance costs of sending $200 to a receiving country as a proportion of the amount remitted (%). Statizoid updates them automatically from the source API.
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