Average remittance costs of sending $200 to a receiving country as a in Panama
Panama: Average remittance costs of sending $200 to a receiving country as a was 4.1% in 2025. ▼ Falling
Latest (2025)
4.1%
Change on year
down 22.3%
World rank
89th
of 110 countries
All-time high
5.5%
in 2011
All-time low
3.9%
in 2019
Years of data
11
2011–2025
Average remittance costs of sending $200 to a receiving country as a in Panama, 2011–2025
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2025, average remittance costs of sending $200 to a receiving country as a in Panama stood at 4.1%.
Compared with earlier readings it is down 22.3% on the previous year and down 12.6% over ten years.
Over the whole period, average remittance costs of sending $200 to a receiving country as a in Panama peaked at 5.5% in 2011 and was at its lowest, 3.9%, in 2019.
That places Panama 89th 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 $200 to a receiving country as a in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 5.5% | — |
| 2015 | 4.7% | -13.9% |
| 2017 | 5.0% | +5.5% |
| 2018 | 4.6% | -6.5% |
| 2019 | 3.9% | -16.6% |
| 2020 | 4.0% | +2.3% |
| 2021 | 5.4% | +36.7% |
| 2022 | 4.1% | -24.8% |
| 2023 | 4.6% | +13.1% |
| 2024 | 5.3% | +15.0% |
| 2025 | 4.1% | -22.3% |
Panama compared with similar countries
- Panama's 4.1% is below the median for high income countries, which is 5.2%, 78% of the median. (11 countries reporting)
- Panama's 4.1% is below the median for Latin America & Caribbean, which is 5.2%, 78% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.7% | 3.9% | 5.5% | 5 |
| 2020s | 4.6% | 4.0% | 5.4% | 6 |
Countries ranked near Panama
- 86 Malaysia 4.2% compare
- 87 Ethiopia 4.2% compare
- 87 Guatemala 4.2% compare
- 90 North Macedonia 4.1% compare
- 91 Sri Lanka 4.1% compare
- 92 Côte d'Ivoire 4.0% compare
- 92 Côte d'Ivoire 4.0% compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is average remittance costs of sending $200 to a receiving country as a in Panama?
- Average remittance costs of sending $200 to a receiving country as a in Panama was 4.1% 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 Panama?
- The highest recorded value was 5.5% in 2011.
- What is the lowest average remittance costs of sending $200 to a receiving country as a recorded in Panama?
- The lowest recorded value was 3.9% in 2019.
- How does Panama rank for average remittance costs of sending $200 to a receiving country as a?
- Panama ranks 89th 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 Panama?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is falling.
- Where does this Panama 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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