Net bilateral aid flows from DAC donors, European Union institutions in Nigeria
Nigeria: Net bilateral aid flows from DAC donors, European Union institutions was 117.56 million current US$ in 2023. ◆ Volatile
Net bilateral aid flows from DAC donors, European Union institutions in Nigeria, 1965–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
Nigeria recorded 117.56 million current US$ for net bilateral aid flows from dac donors, european union institutions in 2023.
Compared with earlier readings it is down 6.3% on the previous year and down 9.5% over ten years.
Over the whole period, net bilateral aid flows from dac donors, european union institutions in Nigeria peaked at 295.65 million current US$ in 2018 and was at its lowest, -11.63 million current US$, in 1998.
That places Nigeria 45th out of 172 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.03 million current US$ | 4.03 million current US$ | 4.03 million current US$ | 1 |
| 1970s | 1.05 million current US$ | 60,000 current US$ | 3.99 million current US$ | 6 |
| 1980s | 2.48 million current US$ | 710,000 current US$ | 7.16 million current US$ | 10 |
| 1990s | 22.50 million current US$ | -11.63 million current US$ | 121.74 million current US$ | 10 |
| 2000s | 64.56 million current US$ | -8.08 million current US$ | 150.04 million current US$ | 10 |
| 2010s | 149.93 million current US$ | 52.04 million current US$ | 295.65 million current US$ | 10 |
| 2020s | 142.89 million current US$ | 117.56 million current US$ | 172.44 million current US$ | 4 |
Countries ranked near Nigeria
More aid effectiveness data for Nigeria
- Net bilateral aid flows from DAC donors, Austria 3.59 million current US$ (2023)
- Net ODA received per capita 15.78 current US$ (2023)
- Net official development assistance received 3.60 billion constant 2023 US$ (2023)
- Net ODA received 0.8% (2023)
- Net official development assistance received 3.60 billion current US$ (2023)
- Net official development assistance and official aid received 3.60 billion constant 2023 US$ (2023)
- Net official development assistance and official aid received 3.60 billion current US$ (2023)
- Net official flows from UN agencies, UNDP 5.26 million current US$ (2022)
- Net official flows from UN agencies, UNICEF 42.88 million current US$ (2023)
- Net bilateral aid flows from DAC donors, United States 934.49 million current US$ (2023)
Frequently asked questions
- What is net bilateral aid flows from dac donors, european union institutions in Nigeria?
- Net bilateral aid flows from dac donors, european union institutions in Nigeria was 117.56 million current US$ in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net bilateral aid flows from dac donors, european union institutions recorded in Nigeria?
- The highest recorded value was 295.65 million current US$ in 2018.
- What is the lowest net bilateral aid flows from dac donors, european union institutions recorded in Nigeria?
- The lowest recorded value was -11.63 million current US$ in 1998.
- How does Nigeria rank for net bilateral aid flows from dac donors, european union institutions?
- Nigeria ranks 45th out of 172 countries with data for 2023.
- Is net bilateral aid flows from dac donors, european union institutions rising or falling in Nigeria?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), published as part of Net bilateral aid flows from DAC donors, European Union institutions (current US$). Statizoid updates them automatically from the source API.
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About this data
Net bilateral aid flows from DAC donors are the net disbursements of official development assistance (ODA) or official aid from the members of the Development Assistance Committee (DAC). Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. DAC members are Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, The Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States, and European Union Institutions. Regional aggregates include data for economies not specified elsewhere. World and income group totals include aid not allocated by country or region. Data are in current U.S. dollars.