Net official development assistance and official aid received in Latin America & Caribbean
Latin America & Caribbean: Net official development assistance and official aid received was 11.21 billion constant 2023 US$ in 2021. ▲ Rising
Net official development assistance and official aid received in Latin America & Caribbean, 1960–2021
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in constant 2023 US$.
Analysis
The most recent figure for net official development assistance and official aid received in Latin America & Caribbean is 11.21 billion constant 2023 US$, measured in 2021.
The figure is down 7.9% on the previous year and up 17.7% over ten years.
Over the whole period, net official development assistance and official aid received in Latin America & Caribbean peaked at 12.18 billion constant 2023 US$ in 2020 and was at its lowest, 1.96 billion constant 2023 US$, in 1960.
That places Latin America & Caribbean 28th out of 45 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Net official development assistance and official aid received in Latin America & Caribbean, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 1960 | 1.96 billion constant 2023 US$ | — |
| 1961 | 5.63 billion constant 2023 US$ | +187.4% |
| 1962 | 5.72 billion constant 2023 US$ | +1.6% |
| 1963 | 5.86 billion constant 2023 US$ | +2.4% |
| 1964 | 4.84 billion constant 2023 US$ | -17.4% |
| 1965 | 5.90 billion constant 2023 US$ | +21.9% |
| 1966 | 6.04 billion constant 2023 US$ | +2.2% |
| 1967 | 4.87 billion constant 2023 US$ | -19.3% |
| 1968 | 4.98 billion constant 2023 US$ | +2.2% |
| 1969 | 4.18 billion constant 2023 US$ | -16.0% |
| 1970 | 4.32 billion constant 2023 US$ | +3.4% |
| 1971 | 3.64 billion constant 2023 US$ | -15.7% |
| 1972 | 3.52 billion constant 2023 US$ | -3.5% |
| 1973 | 3.38 billion constant 2023 US$ | -4.1% |
| 1974 | 3.55 billion constant 2023 US$ | +5.2% |
| 1975 | 3.85 billion constant 2023 US$ | +8.5% |
| 1976 | 3.64 billion constant 2023 US$ | -5.4% |
| 1977 | 3.17 billion constant 2023 US$ | -13.0% |
| 1978 | 3.47 billion constant 2023 US$ | +9.6% |
| 1979 | 3.81 billion constant 2023 US$ | +9.7% |
| 1980 | 4.29 billion constant 2023 US$ | +12.6% |
| 1981 | 4.88 billion constant 2023 US$ | +13.7% |
| 1982 | 5.45 billion constant 2023 US$ | +11.6% |
| 1983 | 5.83 billion constant 2023 US$ | +7.1% |
| 1984 | 6.19 billion constant 2023 US$ | +6.0% |
| 1985 | 7.18 billion constant 2023 US$ | +16.0% |
| 1986 | 6.81 billion constant 2023 US$ | -5.1% |
| 1987 | 7.25 billion constant 2023 US$ | +6.4% |
| 1988 | 7.04 billion constant 2023 US$ | -2.9% |
| 1989 | 7.75 billion constant 2023 US$ | +10.1% |
| 1990 | 7.66 billion constant 2023 US$ | -1.1% |
| 1991 | 8.36 billion constant 2023 US$ | +9.1% |
| 1992 | 7.16 billion constant 2023 US$ | -14.4% |
| 1993 | 7.33 billion constant 2023 US$ | +2.4% |
| 1994 | 7.82 billion constant 2023 US$ | +6.6% |
| 1995 | 7.42 billion constant 2023 US$ | -5.1% |
| 1996 | 9.14 billion constant 2023 US$ | +23.3% |
| 1997 | 7.02 billion constant 2023 US$ | -23.2% |
| 1998 | 7.33 billion constant 2023 US$ | +4.3% |
| 1999 | 7.83 billion constant 2023 US$ | +6.9% |
| 2000 | 6.74 billion constant 2023 US$ | -13.9% |
| 2001 | 8.44 billion constant 2023 US$ | +25.1% |
| 2002 | 7.07 billion constant 2023 US$ | -16.3% |
| 2003 | 7.63 billion constant 2023 US$ | +8.0% |
| 2004 | 7.90 billion constant 2023 US$ | +3.5% |
| 2005 | 7.43 billion constant 2023 US$ | -6.0% |
| 2006 | 7.94 billion constant 2023 US$ | +6.9% |
| 2007 | 6.92 billion constant 2023 US$ | -12.8% |
| 2008 | 8.70 billion constant 2023 US$ | +25.7% |
| 2009 | 8.68 billion constant 2023 US$ | -0.2% |
| 2010 | 9.79 billion constant 2023 US$ | +12.8% |
| 2011 | 9.53 billion constant 2023 US$ | -2.7% |
| 2012 | 9.87 billion constant 2023 US$ | +3.6% |
| 2013 | 9.76 billion constant 2023 US$ | -1.2% |
| 2014 | 9.49 billion constant 2023 US$ | -2.7% |
| 2015 | 10.83 billion constant 2023 US$ | +14.1% |
| 2016 | 12.07 billion constant 2023 US$ | +11.4% |
| 2017 | 8.87 billion constant 2023 US$ | -26.5% |
| 2018 | 10.34 billion constant 2023 US$ | +16.6% |
| 2019 | 8.82 billion constant 2023 US$ | -14.7% |
| 2020 | 12.18 billion constant 2023 US$ | +38.1% |
| 2021 | 11.21 billion constant 2023 US$ | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.00 billion constant 2023 US$ | 1.96 billion constant 2023 US$ | 6.04 billion constant 2023 US$ | 10 |
| 1970s | 3.64 billion constant 2023 US$ | 3.17 billion constant 2023 US$ | 4.32 billion constant 2023 US$ | 10 |
| 1980s | 6.27 billion constant 2023 US$ | 4.29 billion constant 2023 US$ | 7.75 billion constant 2023 US$ | 10 |
| 1990s | 7.71 billion constant 2023 US$ | 7.02 billion constant 2023 US$ | 9.14 billion constant 2023 US$ | 10 |
| 2000s | 7.75 billion constant 2023 US$ | 6.74 billion constant 2023 US$ | 8.70 billion constant 2023 US$ | 10 |
| 2010s | 9.94 billion constant 2023 US$ | 8.82 billion constant 2023 US$ | 12.07 billion constant 2023 US$ | 10 |
| 2020s | 11.70 billion constant 2023 US$ | 11.21 billion constant 2023 US$ | 12.18 billion constant 2023 US$ | 2 |
Countries ranked near Latin America & Caribbean
- 25 Lebanon 1.75 billion constant 2023 US$ compare
- 26 Malawi 1.73 billion constant 2023 US$ compare
- 27 Cambodia 1.58 billion constant 2023 US$ compare
- 28 Ghana 1.57 billion constant 2023 US$ compare
- 29 Türkiye 1.55 billion constant 2023 US$ compare
- 30 South Africa 1.51 billion constant 2023 US$ compare
- 31 Burkina Faso 1.44 billion constant 2023 US$ 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 official development assistance and official aid received in Latin America & Caribbean?
- Net official development assistance and official aid received in Latin America & Caribbean was 11.21 billion constant 2023 US$ in 2021, 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 Latin America & Caribbean?
- The highest recorded value was 12.18 billion constant 2023 US$ in 2020.
- What is the lowest net official development assistance and official aid received recorded in Latin America & Caribbean?
- The lowest recorded value was 1.96 billion constant 2023 US$ in 1960.
- How does Latin America & Caribbean rank for net official development assistance and official aid received?
- Latin America & Caribbean ranks 28th out of 45 groups with data for 2021.
- Is net official development assistance and official aid received rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is rising.
- 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 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.