Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country

2011 - 2017 | Yearly | % | World Bank

Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 8.512 % in 2017. This records a decrease from the previous number of 8.589 % for 2016. Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 8.589 % from Dec 2011 to 2017, with 7 observations. The data reached an all-time high of 10.110 % in 2011 and a record low of 6.842 % in 2014. Nigeria NG: 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 Nigeria – Table NG.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;

View Nigeria's Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country from 2011 to 2017 in the chart:

Nigeria Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country

What was Nigeria's Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country in 2017?

Last Previous Min Max Unit Frequency Range
8.51 2017 8.59 2016 6.84 2014 10.11 2011 % yearly 2011 - 2017

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Nigeria Key Series

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 6,702.159 2027 yearly 1990 - 2027
Forecast: Nominal GDP Per Capita (USD) 3,860.079 2027 yearly 1990 - 2027
Forecast: Real GDP Growth (%) 2.910 2027 yearly 1991 - 2027
GDP Deflator Growth (%) 13.3 Sep 2022 quarterly Mar 2011 - Sep 2022
GDP per Capita (USD) 2,057.020 2021 yearly 1981 - 2021
Gross Fixed Capital Formation (USD mn) 31,105.720 Jun 2022 quarterly Mar 2010 - Jun 2022
Gross National Product (GNP) (USD mn) 423,882.312 2021 yearly 1960 - 2021
Gross Savings Rate (%) 32.7 2021 yearly 1981 - 2021
Investment: % of GDP (%) 33.8 2021 yearly 1981 - 2021
Nominal GDP (USD mn) 124,041.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Nominal GDP Growth (%) 15.832 Sep 2022 quarterly Mar 2011 - Sep 2022
Private Consumption Expenditure (USD mn) 71,415.678 Jun 2022 quarterly Mar 2010 - Jun 2022
Private Consumption: % of GDP (%) 62.2 2021 yearly 1981 - 2021
Public Consumption Expenditure (USD mn) 4,975.960 Jun 2022 quarterly Mar 2010 - Jun 2022
Public Consumption: % of GDP (%) 5.1 2021 yearly 1981 - 2021
Real GDP Growth (%) 2.2 Sep 2022 quarterly Mar 2011 - Sep 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 33.758 Jun 2022 quarterly Mar 2010 - Jun 2022
Production Last Frequency Range
Gold Production (kg) 160.000 2020 yearly 1993 - 2020
Industrial Production Index Growth (%) -10.5 Sep 2022 quarterly Mar 2011 - Sep 2022
Minerals Production (Metric Ton) 130,414,020.000 2020 yearly 2009 - 2020
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2022 quarterly Dec 2010 - Jun 2022
Forecast: Government Expenditure (NGN bn) 53,317.753 2027 yearly 1990 - 2027
Forecast: Government Net Debt (NGN bn) 170,577.420 2027 yearly 1990 - 2027
Forecast: Government Revenue (NGN bn) 28,883.145 2027 yearly 1990 - 2027
Government Debt: % of GDP (%) 20.2 Sep 2022 quarterly Dec 2010 - Sep 2022
National Government Debt (USD mn) 89,507.7 Sep 2022 quarterly Dec 2006 - Sep 2022
Consolidated Fiscal Balance (USD mn) -6,600.999 Jun 2022 quarterly Mar 2005 - Jun 2022
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Forecast: Population (Person mn) 244.902 2027 yearly 1980 - 2027
Forecast: Unemployment Rate (%) 22.562 2018 yearly 2010 - 2018
Labour Force Participation Rate (%) 62.8 2020 yearly 1990 - 2020
Labour Productivity Growth (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Population (Person mn) 211.5 2021 yearly 1950 - 2021
Unemployment Rate (%) 33.28 Dec 2020 quarterly Mar 2012 - Dec 2020
Domestic Trade and Household Survey Last Frequency Range
Consumer Confidence Growth (% Point) -1.3 Dec 2020 quarterly Jun 2010 - Dec 2020
Consumer Confidence: Net Balance (% Point) 28.9 Dec 2020 quarterly Jun 2009 - Dec 2020
Motor Vehicle Sales: Commercial Cars (Unit) 4,700.000 Dec 2019 semiannually Dec 2005 - Dec 2019
Motor Vehicle Sales: Passenger Cars (Unit) 5,100.000 Dec 2019 semiannually Dec 2005 - Dec 2019
Motor Vehicles Sales (Unit) 9,800 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -42.4 2019 yearly 2006 - 2019

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