Net official development assistance received in Latin America & Caribbean
Latin America & Caribbean: Net official development assistance received was 10.75 billion current US$ in 2023. ◆ Volatile
Net official development assistance received in Latin America & Caribbean, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
In 2023, net official development assistance received in Latin America & Caribbean stood at 10.75 billion current US$.
That represents a change of down 9.6% on the previous year and up 23.1% over ten years.
Over the whole period, net official development assistance received in Latin America & Caribbean peaked at 11.90 billion current US$ in 2022 and was at its lowest, 247.52 million current US$, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 705.03 million current US$ | 247.52 million current US$ | 914.28 million current US$ | 10 |
| 1970s | 920.76 million current US$ | 682.82 million current US$ | 1.46 billion current US$ | 10 |
| 1980s | 2.90 billion current US$ | 1.75 billion current US$ | 4.37 billion current US$ | 10 |
| 1990s | 5.10 billion current US$ | 4.58 billion current US$ | 5.88 billion current US$ | 10 |
| 2000s | 6.03 billion current US$ | 4.38 billion current US$ | 7.85 billion current US$ | 10 |
| 2010s | 9.07 billion current US$ | 8.20 billion current US$ | 10.80 billion current US$ | 10 |
| 2020s | 11.28 billion current US$ | 10.75 billion current US$ | 11.90 billion current US$ | 4 |
More aid effectiveness data for Latin America & Caribbean
- Net bilateral aid flows from DAC donors, Austria 23.96 million current US$ (2023)
- Net ODA received per capita 16.35 current US$ (2023)
- Net official development assistance received 10.75 billion constant 2023 US$ (2023)
- Net ODA received 0.2% (2023)
- Net ODA received 0.8% (2023)
- Net official development assistance and official aid received 11.21 billion constant 2023 US$ (2021)
- Net official development assistance and official aid received 11.85 billion current US$ (2021)
- Net official flows from UN agencies, UNDP 0 current US$ (2023)
- Net official flows from UN agencies, UNICEF 26.75 million current US$ (2023)
- Net bilateral aid flows from DAC donors, United States 2.85 billion current US$ (2023)
Frequently asked questions
- What is net official development assistance received in Latin America & Caribbean?
- Net official development assistance received in Latin America & Caribbean was 10.75 billion current US$ in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net official development assistance received recorded in Latin America & Caribbean?
- The highest recorded value was 11.90 billion current US$ in 2022.
- What is the lowest net official development assistance received recorded in Latin America & Caribbean?
- The lowest recorded value was 247.52 million current US$ in 1960.
- Is net official development assistance received rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), published as part of Net official development assistance received (current US$). Statizoid updates them automatically from the source API.
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About this data
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars.