Remittance Costs Statistics in Liberia (2026)
Liberia recorded the average cost of sending remittances of 2.8% of the amount sent in 2023, World Bank World Development Indicators data show. Essentially no change from 2.9% in 2022 to 2.8% in 2023. Liberia ranks #10 of 32 economies in Sub-Saharan Africa on this measure, and #50 of 101 globally.
Key Statistics
- Latest value (2023)
- 2.8% (2023)
- Remittance Costs in Liberia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- 0 pp (2023)
- Essentially no change from 2.9% in 2022 to 2.8% in 2023.
- Earliest value in this dataset (2016)
- 5.9% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 5.9% in 2016 to 2.8% in 2023.
- Peak value (2016)
- 5.9% (2016)
- Highest value in the available series; the 2023 value is 2.8%.
- Rank in Sub-Saharan Africa (lower is better; rank 1 = lowest)
- #10 of 32 (2023)
- Liberia ranks 10 of 32 countries in Sub-Saharan Africa with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #50 of 101 (2023)
- Liberia ranks 50 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- Sub-Saharan Africa average
- 5.2% (2023)
- Liberia (2.8%) is below the average of 5.2% across the 32 countries in Sub-Saharan Africa with data.
- Personal remittances, received (current US$) (2024)
- $1 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Liberia (2024)
- 32.2% (2024)
- 32.2% of the population in Liberia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 5.6 million (2024)
- Liberia had a population of 5.6 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 2.8% | −0.0 pp |
| 2022 | 2.9% | +1.6 pp |
| 2021 | 1.3% | −1.7 pp |
| 2020 | 3% | −1.5 pp |
| 2019 | 4.5% | −0.3 pp |
| 2018 | 4.8% | −1.1 pp |
| 2016 | 5.9% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Liberia?
The average cost of sending remittances in Liberia stood at 2.8% of the amount sent in 2023, according to World Bank World Development Indicators data.
How recent is the remittance costs data for Liberia?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Liberia.
Where does the remittance costs data for Liberia come from?
The data comes from the World Bank World Development Indicators (indicator SI.RMT.COST.IB.ZS). The latest observation for Liberia is from 2023; the snapshot was retrieved on 2026-06-10.
How has remittance costs in Liberia changed over time?
World Bank World Development Indicators data show a decline from 5.9% in 2016 to 2.8% in 2023.
How does Liberia compare with other countries in Sub-Saharan Africa?
Liberia ranks 10 of 32 countries in Sub-Saharan Africa with data (ranked ascending; lower is better), with 2.8% versus a regional average of 5.2% (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
SI.RMT.COST.IB.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .