Net official development assistance and official aid … 2023 aid in South Korea
South Korea: Net official development assistance and official aid received was -78.83 million constant 2023 US$ in 2004. ◆ Volatile
Net official development assistance and official aid received in South Korea, 1960–2004
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in constant 2023 US$.
Analysis
The most recent figure for net official development assistance and official aid received in South Korea is -78.83 million constant 2023 US$, measured in 2004.
Compared with earlier readings it is up 83.4% on the previous year and up 28.1% over ten years.
Over the whole period, net official development assistance and official aid received in South Korea peaked at 2.18 billion constant 2023 US$ in 1969 and was at its lowest, -474.36 million constant 2023 US$, in 2003.
That places South Korea 180th out of 181 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance and official aid received in South Korea, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 1960 | 1.99 billion constant 2023 US$ | — |
| 1961 | 1.80 billion constant 2023 US$ | -9.6% |
| 1962 | 1.83 billion constant 2023 US$ | +1.6% |
| 1963 | 2.01 billion constant 2023 US$ | +10.2% |
| 1964 | 1.28 billion constant 2023 US$ | -36.4% |
| 1965 | 1.66 billion constant 2023 US$ | +29.9% |
| 1966 | 1.67 billion constant 2023 US$ | +0.8% |
| 1967 | 1.82 billion constant 2023 US$ | +8.7% |
| 1968 | 1.61 billion constant 2023 US$ | -11.3% |
| 1969 | 2.18 billion constant 2023 US$ | +34.8% |
| 1970 | 1.68 billion constant 2023 US$ | -22.8% |
| 1971 | 1.87 billion constant 2023 US$ | +11.6% |
| 1972 | 1.94 billion constant 2023 US$ | +3.4% |
| 1973 | 1.23 billion constant 2023 US$ | -36.8% |
| 1974 | 939.51 million constant 2023 US$ | -23.3% |
| 1975 | 948.30 million constant 2023 US$ | +0.9% |
| 1976 | 853.65 million constant 2023 US$ | -10.0% |
| 1977 | 773.04 million constant 2023 US$ | -9.4% |
| 1978 | 452.55 million constant 2023 US$ | -41.5% |
| 1979 | 331.59 million constant 2023 US$ | -26.7% |
| 1980 | 305.81 million constant 2023 US$ | -7.8% |
| 1981 | 603.91 million constant 2023 US$ | +97.5% |
| 1982 | 93.20 million constant 2023 US$ | -84.6% |
| 1983 | 37.65 million constant 2023 US$ | -59.6% |
| 1984 | -36.40 million constant 2023 US$ | -196.7% |
| 1985 | -4.70 million constant 2023 US$ | -87.1% |
| 1986 | -26.19 million constant 2023 US$ | +457.4% |
| 1987 | 7.84 million constant 2023 US$ | -129.9% |
| 1988 | -2.99 million constant 2023 US$ | -138.2% |
| 1989 | 54.41 million constant 2023 US$ | -1918.1% |
| 1990 | 39.83 million constant 2023 US$ | -26.8% |
| 1991 | 48.20 million constant 2023 US$ | +21.0% |
| 1992 | -34.77 million constant 2023 US$ | -172.1% |
| 1993 | -58.32 million constant 2023 US$ | +67.7% |
| 1994 | -109.67 million constant 2023 US$ | +88.0% |
| 1995 | 8.42 million constant 2023 US$ | -107.7% |
| 1996 | -146.10 million constant 2023 US$ | -1834.3% |
| 1997 | -153.33 million constant 2023 US$ | +5.0% |
| 1998 | -54.94 million constant 2023 US$ | -64.2% |
| 1999 | -54.01 million constant 2023 US$ | -1.7% |
| 2000 | -179.51 million constant 2023 US$ | +232.4% |
| 2001 | -124.84 million constant 2023 US$ | -30.5% |
| 2002 | -99.25 million constant 2023 US$ | -20.5% |
| 2003 | -474.36 million constant 2023 US$ | +377.9% |
| 2004 | -78.83 million constant 2023 US$ | -83.4% |
South Korea compared with similar countries
- South Korea's -78.83 million constant 2023 US$ is below the median for high income countries, which is 16.05 million constant 2023 US$. (49 countries reporting)
- South Korea's -78.83 million constant 2023 US$ is below the median for East Asia & Pacific, which is 125.97 million constant 2023 US$. (32 countries reporting)
Biggest year-on-year movements
Years where Net official development assistance and official aid received in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +1918.1% | -2.99 million constant 2023 US$ | 54.41 million constant 2023 US$ |
| 1996 | -1834.3% | 8.42 million constant 2023 US$ | -146.10 million constant 2023 US$ |
| 1986 | -457.4% | -4.70 million constant 2023 US$ | -26.19 million constant 2023 US$ |
| 2003 | -377.9% | -99.25 million constant 2023 US$ | -474.36 million constant 2023 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.78 billion constant 2023 US$ | 1.28 billion constant 2023 US$ | 2.18 billion constant 2023 US$ | 10 |
| 1970s | 1.10 billion constant 2023 US$ | 331.59 million constant 2023 US$ | 1.94 billion constant 2023 US$ | 10 |
| 1980s | 103.25 million constant 2023 US$ | -36.40 million constant 2023 US$ | 603.91 million constant 2023 US$ | 10 |
| 1990s | -51.47 million constant 2023 US$ | -153.33 million constant 2023 US$ | 48.20 million constant 2023 US$ | 10 |
| 2000s | -191.36 million constant 2023 US$ | -474.36 million constant 2023 US$ | -78.83 million constant 2023 US$ | 5 |
Countries ranked near South Korea
- 177 Seychelles 50,000 constant 2023 US$ compare
- 178 British Virgin Islands -1.50 million constant 2023 US$ compare
- 179 Aruba -13.88 million constant 2023 US$ compare
- 181 China -267.16 million constant 2023 US$ compare
More aid effectiveness data for South Korea
- Net bilateral aid flows from DAC donors, Austria 1.74 million current US$ (1999)
- Net bilateral aid flows from DAC donors, Belgium 10,000 current US$ (1999)
- Net bilateral aid flows from DAC donors, Canada 770,000 current US$ (1998)
- Net bilateral aid flows from DAC donors, European Union institutions 10,000 current US$ (1999)
- Net bilateral aid flows from DAC donors, Switzerland 50,000 current US$ (1999)
- Net bilateral aid flows from DAC donors, Germany 25.76 million current US$ (1999)
- Net bilateral aid flows from DAC donors, France 9.74 million current US$ (1999)
- Net bilateral aid flows from DAC donors, United Kingdom 240,000 current US$ (1995)
- Net bilateral aid flows from DAC donors, Italy 1.65 million current US$ (1999)
- Net bilateral aid flows from DAC donors, Japan -49.52 million current US$ (1999)
Frequently asked questions
- What is net official development assistance and official aid received in South Korea?
- Net official development assistance and official aid received in South Korea was -78.83 million constant 2023 US$ in 2004, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net official development assistance and official aid received recorded in South Korea?
- The highest recorded value was 2.18 billion constant 2023 US$ in 1969.
- What is the lowest net official development assistance and official aid received recorded in South Korea?
- The lowest recorded value was -474.36 million constant 2023 US$ in 2003.
- How does South Korea rank for net official development assistance and official aid received?
- South Korea ranks 180th out of 181 countries with data for 2004.
- Is net official development assistance and official aid received rising or falling in South Korea?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is volatile.
- Where does this South Korea 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 and official aid received (constant 2023 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). Net official aid refers to aid flows (net of repayments) 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. Data are in constant 2023 U.S. dollars.