Net ODA received in Latin America & Caribbean
Latin America & Caribbean: Net ODA received was 0.8% in 2023. ◆ Volatile
Net ODA received in Latin America & Caribbean, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in % of gross capital formation.
Analysis
Latin America & Caribbean recorded 0.8% for net oda received in 2023.
Compared with earlier readings it is down 15.5% on the previous year and up 29.5% over ten years.
Over the whole period, net oda received in Latin America & Caribbean peaked at 3.8% in 1961 and was at its lowest, 0.6%, in 2013.
Latin America & Caribbean ranks 27th of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net ODA received in Latin America & Caribbean, year by year
| Year | % of gross capital formation | Change |
|---|---|---|
| 1960 | 1.4% | — |
| 1961 | 3.8% | +163.8% |
| 1962 | 3.7% | -1.7% |
| 1963 | 3.6% | -3.8% |
| 1964 | 2.3% | -35.5% |
| 1965 | 2.9% | +28.0% |
| 1966 | 3.2% | +8.1% |
| 1967 | 2.7% | -15.7% |
| 1968 | 2.7% | -0.2% |
| 1969 | 1.9% | -26.9% |
| 1970 | 1.9% | -5.0% |
| 1971 | 1.5% | -18.7% |
| 1972 | 1.4% | -6.3% |
| 1973 | 1.1% | -24.6% |
| 1974 | 0.8% | -21.7% |
| 1975 | 0.9% | +10.1% |
| 1976 | 0.9% | -3.5% |
| 1977 | 0.8% | -15.0% |
| 1978 | 0.8% | +3.9% |
| 1979 | 0.9% | +13.2% |
| 1980 | 0.9% | -0.5% |
| 1981 | 0.9% | -2.5% |
| 1982 | 1.1% | +31.5% |
| 1983 | 1.7% | +46.8% |
| 1984 | 1.7% | +2.5% |
| 1985 | 1.9% | +14.5% |
| 1986 | 2.2% | +11.5% |
| 1987 | 2.2% | +0.1% |
| 1988 | 1.9% | -13.3% |
| 1989 | 1.8% | -3.1% |
| 1990 | 2.1% | +14.5% |
| 1991 | 2.3% | +11.4% |
| 1992 | 1.9% | -17.2% |
| 1993 | 1.5% | -23.5% |
| 1994 | 1.3% | -14.0% |
| 1995 | 1.6% | +22.9% |
| 1996 | 1.3% | -15.1% |
| 1997 | 1.0% | -26.0% |
| 1998 | 0.9% | -4.9% |
| 1999 | 1.2% | +30.0% |
| 2000 | 0.9% | -23.1% |
| 2001 | 1.2% | +29.4% |
| 2002 | 1.2% | -2.2% |
| 2003 | 1.4% | +16.3% |
| 2004 | 1.3% | -4.8% |
| 2005 | 1.0% | -20.5% |
| 2006 | 1.0% | -8.2% |
| 2007 | 0.7% | -23.3% |
| 2008 | 0.7% | +2.7% |
| 2009 | 0.9% | +21.1% |
| 2010 | 0.7% | -18.9% |
| 2011 | 0.7% | -7.7% |
| 2012 | 0.7% | -1.3% |
| 2013 | 0.6% | -6.0% |
| 2014 | 0.7% | +6.7% |
| 2015 | 0.8% | +25.1% |
| 2016 | 1.1% | +32.0% |
| 2017 | 0.8% | -30.0% |
| 2018 | 0.9% | +20.5% |
| 2019 | 0.8% | -13.7% |
| 2020 | 1.4% | +77.4% |
| 2021 | 1.0% | -30.3% |
| 2022 | 1.0% | -3.4% |
| 2023 | 0.8% | -15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.8% | 1.4% | 3.8% | 10 |
| 1970s | 1.1% | 0.8% | 1.9% | 10 |
| 1980s | 1.6% | 0.9% | 2.2% | 10 |
| 1990s | 1.5% | 0.9% | 2.3% | 10 |
| 2000s | 1.0% | 0.7% | 1.4% | 10 |
| 2010s | 0.8% | 0.6% | 1.1% | 10 |
| 2020s | 1.1% | 0.8% | 1.4% | 4 |
Countries ranked near Latin America & Caribbean
- 24 New Caledonia 38.6% compare
- 25 Guyana 38.0% compare
- 26 Madagascar 36.5% compare
- 27 Burkina Faso 35.3% compare
- 28 Guinea-Bissau 34.7% compare
- 29 Papua New Guinea 33.4% compare
- 30 Chad 32.1% compare
More aid effectiveness data for Latin America & Caribbean
- Net bilateral aid flows from DAC donors, Austria 23.96 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Belgium 24.94 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Canada 364.58 million current US$ (2023)
- Net bilateral aid flows from DAC donors, European Union institutions 739.82 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Switzerland 164.77 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Germany 670.73 million current US$ (2023)
- Net bilateral aid flows from DAC donors, France 874.04 million current US$ (2023)
- Net bilateral aid flows from DAC donors, United Kingdom 195.05 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Italy 86.76 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Japan 665.35 million current US$ (2023)
Frequently asked questions
- What is net oda received in Latin America & Caribbean?
- Net oda received in Latin America & Caribbean was 0.8% in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net oda received recorded in Latin America & Caribbean?
- The highest recorded value was 3.8% in 1961.
- What is the lowest net oda received recorded in Latin America & Caribbean?
- The lowest recorded value was 0.6% in 2013.
- How does Latin America & Caribbean rank for net oda received?
- Latin America & Caribbean ranks 27th out of 43 groups with data for 2023.
- Is net oda received rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 29.5%. 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 ODA received (% of gross capital formation). 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).