Net ODA received (% of gross capital formation) in Venezuela
Venezuela: Net ODA received (% of gross capital formation) was 7.4% in 2023. ◆ Volatile
Net ODA received in Venezuela, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in % of gross capital formation.
Analysis
The most recent figure for net oda received in Venezuela is 7.4%, measured in 2023.
That represents a change of up 49.2% on the previous year and up 16,032.0% over ten years.
Over the whole period, net oda received in Venezuela peaked at 8.4% in 2020 and was at its lowest, -2.3%, in 1964.
Venezuela ranks 73rd of 146 countries 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 (% of gross capital formation) in Venezuela, year by year
| Year | % of gross capital formation | Change |
|---|---|---|
| 1960 | 0.0% | — |
| 1961 | 0.5% | +969.0% |
| 1962 | 3.8% | +730.5% |
| 1963 | 2.0% | -45.8% |
| 1964 | -2.3% | -210.4% |
| 1965 | 0.6% | -126.5% |
| 1966 | 1.2% | +99.9% |
| 1967 | 1.0% | -14.3% |
| 1968 | 0.6% | -44.9% |
| 1969 | 0.3% | -40.6% |
| 1970 | 0.1% | -65.4% |
| 1971 | 0.2% | +45.7% |
| 1972 | 0.2% | -6.1% |
| 1973 | 0.1% | -12.0% |
| 1974 | 0.1% | -51.4% |
| 1975 | 0.0% | -45.9% |
| 1976 | -0.1% | -416.6% |
| 1977 | -0.0% | -60.6% |
| 1978 | -0.1% | +61.0% |
| 1979 | 0.1% | -176.7% |
| 1980 | 0.1% | +94.2% |
| 1981 | 0.1% | -14.8% |
| 1982 | 0.1% | -6.6% |
| 1983 | 0.2% | +112.6% |
| 1984 | 0.2% | -7.7% |
| 1985 | 0.1% | -13.4% |
| 1986 | 0.2% | +14.4% |
| 1987 | 0.2% | +18.0% |
| 1988 | 0.2% | -18.6% |
| 1989 | 1.2% | +637.7% |
| 1990 | 1.7% | +38.8% |
| 2012 | 0.1% | -96.6% |
| 2013 | 0.0% | -19.5% |
| 2014 | 0.1% | +120.8% |
| 2015 | 0.2% | +47.8% |
| 2016 | 0.4% | +149.4% |
| 2017 | 1.5% | +290.6% |
| 2018 | 3.4% | +133.3% |
| 2019 | 5.3% | +53.9% |
| 2020 | 8.4% | +60.6% |
| 2021 | 5.5% | -35.2% |
| 2022 | 5.0% | -9.0% |
| 2023 | 7.4% | +49.2% |
Venezuela compared with similar countries
- Venezuela's 7.4% is below the median for lower middle income countries, which is 11.5%, 65% of the median. (45 countries reporting)
- Venezuela's 7.4% is above the median for Latin America & Caribbean, which is 2.1%, 3.5× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Net ODA received (% of gross capital formation) in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1961 | +969.0% | 0.0% | 0.5% |
| 1962 | +730.5% | 0.5% | 3.8% |
| 1989 | +637.7% | 0.2% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.8% | -2.3% | 3.8% | 10 |
| 1970s | 0.1% | -0.1% | 0.2% | 10 |
| 1980s | 0.3% | 0.1% | 1.2% | 10 |
| 1990s | 1.7% | 1.7% | 1.7% | 1 |
| 2010s | 1.4% | 0.0% | 5.3% | 8 |
| 2020s | 6.6% | 5.0% | 8.4% | 4 |
Countries ranked near Venezuela
More aid effectiveness data for Venezuela
- Net bilateral aid flows from DAC donors, Austria 377,711 current US$ (2023)
- Net bilateral aid flows from DAC donors, Belgium 6,185 current US$ (2023)
- Net bilateral aid flows from DAC donors, Canada 21.41 million current US$ (2023)
- Net bilateral aid flows from DAC donors, European Union institutions 40.96 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Switzerland 10.31 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Germany 7.80 million current US$ (2023)
- Net bilateral aid flows from DAC donors, France 11.66 million current US$ (2023)
- Net bilateral aid flows from DAC donors, United Kingdom 1.13 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Italy 719,948 current US$ (2023)
- Net bilateral aid flows from DAC donors, Japan 5.29 million current US$ (2023)
Frequently asked questions
- What is net oda received in Venezuela?
- Net oda received in Venezuela was 7.4% in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net oda received recorded in Venezuela?
- The highest recorded value was 8.4% in 2020.
- What is the lowest net oda received recorded in Venezuela?
- The lowest recorded value was -2.3% in 1964.
- How does Venezuela rank for net oda received?
- Venezuela ranks 73rd out of 146 countries with data for 2023.
- Is net oda received rising or falling in Venezuela?
- Over the last ten years it is up 16,032.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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).