Remittance Costs Statistics in Nepal (2026)
Nepal recorded the average cost of sending remittances of 2.5% of the amount sent in 2023, World Bank World Development Indicators data show. Up from 2.2% in 2022 to 2.5% in 2023 (+0.3 percentage points). Nepal ranks #3 of 4 economies in South Asia on this measure, and #43 of 101 globally.
Key Statistics
- Latest value (2023)
- 2.5% (2023)
- Remittance Costs in Nepal as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +0.3 pp (2023)
- Up from 2.2% in 2022 to 2.5% in 2023 (+0.3 percentage points).
- Earliest value in this dataset (2016)
- 4.9% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 4.9% in 2016 to 2.5% in 2023.
- Peak value (2017)
- 5.2% (2017)
- Highest value in the available series; the 2023 value is 2.5%.
- Rank in South Asia (lower is better; rank 1 = lowest)
- #3 of 4 (2023)
- Nepal ranks 3 of 4 countries in South Asia 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)
- #43 of 101 (2023)
- Nepal ranks 43 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- South Asia average
- 3.5% (2023)
- Nepal (2.5%) is below the average of 3.5% across the 4 countries in South Asia with data.
- Personal remittances, received (current US$) (2024)
- $11.3 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Nepal (2024)
- 46.3% (2024)
- 46.3% of the population in Nepal used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 29.7 million (2024)
- Nepal had a population of 29.7 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 2.5% | +0.3 pp |
| 2022 | 2.2% | −0.4 pp |
| 2021 | 2.7% | −0.8 pp |
| 2020 | 3.5% | −0.6 pp |
| 2019 | 4.2% | +0.1 pp |
| 2018 | 4.1% | −1.1 pp |
| 2017 | 5.2% | +0.3 pp |
| 2016 | 4.9% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Nepal?
The average cost of sending remittances in Nepal stood at 2.5% of the amount sent in 2023, according to World Bank World Development Indicators data.
Where does Nepal rank globally on remittance costs?
Nepal ranks 43 of 101 countries with data globally (ranked ascending; lower is better), based on the latest World Bank World Development Indicators value for each country.
When did remittance costs in Nepal peak?
The highest value in the available series was 5.2% in 2017; the latest (2023) value is 2.5%.
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 .