Net official development assistance and official aid … 2023 aid in Venezuela
Venezuela: Net official development assistance and official aid received was 405.30 million constant 2023 US$ in 2023. ◆ Volatile
Net official development assistance and official aid received in Venezuela, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in constant 2023 US$.
Analysis
Venezuela recorded 405.30 million constant 2023 US$ for net official development assistance and official aid received in 2023.
Compared with earlier readings it is up 42.2% on the previous year and up 909.0% over ten years.
Over the whole period, net official development assistance and official aid received in Venezuela peaked at 703.35 million constant 2023 US$ in 1962 and was at its lowest, -434.74 million constant 2023 US$, in 1964.
Venezuela ranks 83rd of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance and official aid received in Venezuela, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 1960 | -2.55 million constant 2023 US$ | — |
| 1961 | -10.47 million constant 2023 US$ | +311.1% |
| 1962 | 703.35 million constant 2023 US$ | -6815.3% |
| 1963 | 350.43 million constant 2023 US$ | -50.2% |
| 1964 | -434.74 million constant 2023 US$ | -224.1% |
| 1965 | 39.06 million constant 2023 US$ | -109.0% |
| 1966 | 205.17 million constant 2023 US$ | +425.2% |
| 1967 | 178.33 million constant 2023 US$ | -13.1% |
| 1968 | 123.36 million constant 2023 US$ | -30.8% |
| 1969 | 74.90 million constant 2023 US$ | -39.3% |
| 1970 | 34.93 million constant 2023 US$ | -53.4% |
| 1971 | 52.42 million constant 2023 US$ | +50.1% |
| 1972 | 50.38 million constant 2023 US$ | -3.9% |
| 1973 | 42.30 million constant 2023 US$ | -16.0% |
| 1974 | 22.75 million constant 2023 US$ | -46.2% |
| 1975 | 13.85 million constant 2023 US$ | -39.2% |
| 1976 | -65.23 million constant 2023 US$ | -571.1% |
| 1977 | -36.09 million constant 2023 US$ | -44.7% |
| 1978 | -63.42 million constant 2023 US$ | +75.8% |
| 1979 | 25.21 million constant 2023 US$ | -139.8% |
| 1980 | 43.30 million constant 2023 US$ | +71.7% |
| 1981 | 46.41 million constant 2023 US$ | +7.2% |
| 1982 | 52.58 million constant 2023 US$ | +13.3% |
| 1983 | 51.59 million constant 2023 US$ | -1.9% |
| 1984 | 53.75 million constant 2023 US$ | +4.2% |
| 1985 | 50.50 million constant 2023 US$ | -6.1% |
| 1986 | 47.20 million constant 2023 US$ | -6.5% |
| 1987 | 42.76 million constant 2023 US$ | -9.4% |
| 1988 | 48.18 million constant 2023 US$ | +12.7% |
| 1989 | 123.69 million constant 2023 US$ | +156.7% |
| 1990 | 128.46 million constant 2023 US$ | +3.8% |
| 1991 | 46.68 million constant 2023 US$ | -63.7% |
| 1992 | 46.30 million constant 2023 US$ | -0.8% |
| 1993 | 58.69 million constant 2023 US$ | +26.8% |
| 1994 | 36.33 million constant 2023 US$ | -38.1% |
| 1995 | 56.42 million constant 2023 US$ | +55.3% |
| 1996 | 46.31 million constant 2023 US$ | -17.9% |
| 1997 | 3.25 million constant 2023 US$ | -93.0% |
| 1998 | 59.36 million constant 2023 US$ | +1726.7% |
| 1999 | 66.57 million constant 2023 US$ | +12.1% |
| 2000 | 136.01 million constant 2023 US$ | +104.3% |
| 2001 | 76.47 million constant 2023 US$ | -43.8% |
| 2002 | 93.42 million constant 2023 US$ | +22.2% |
| 2003 | 115.35 million constant 2023 US$ | +23.5% |
| 2004 | 58.94 million constant 2023 US$ | -48.9% |
| 2005 | 60.77 million constant 2023 US$ | +3.1% |
| 2006 | 69.32 million constant 2023 US$ | +14.1% |
| 2007 | 80.18 million constant 2023 US$ | +15.7% |
| 2008 | 62.19 million constant 2023 US$ | -22.4% |
| 2009 | 63.84 million constant 2023 US$ | +2.6% |
| 2010 | 52.48 million constant 2023 US$ | -17.8% |
| 2011 | 50.38 million constant 2023 US$ | -4.0% |
| 2012 | 54.65 million constant 2023 US$ | +8.5% |
| 2013 | 40.17 million constant 2023 US$ | -26.5% |
| 2014 | 44.71 million constant 2023 US$ | +11.3% |
| 2015 | 43.31 million constant 2023 US$ | -3.1% |
| 2016 | 51.35 million constant 2023 US$ | +18.5% |
| 2017 | 99.71 million constant 2023 US$ | +94.2% |
| 2018 | 162.03 million constant 2023 US$ | +62.5% |
| 2019 | 294.05 million constant 2023 US$ | +81.5% |
| 2020 | 368.18 million constant 2023 US$ | +25.2% |
| 2021 | 286.14 million constant 2023 US$ | -22.3% |
| 2022 | 284.96 million constant 2023 US$ | -0.4% |
| 2023 | 405.30 million constant 2023 US$ | +42.2% |
Venezuela compared with similar countries
- Venezuela's 405.30 million constant 2023 US$ is below the median for lower middle income countries, which is 691.09 million constant 2023 US$, 59% of the median. (47 countries reporting)
- Venezuela's 405.30 million constant 2023 US$ is above the median for Latin America & Caribbean, which is 142.19 million constant 2023 US$, 2.9× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Net official development assistance and official aid received in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +6815.3% | -10.47 million constant 2023 US$ | 703.35 million constant 2023 US$ |
| 1998 | +1726.7% | 3.25 million constant 2023 US$ | 59.36 million constant 2023 US$ |
| 1976 | -571.1% | 13.85 million constant 2023 US$ | -65.23 million constant 2023 US$ |
| 1966 | +425.2% | 39.06 million constant 2023 US$ | 205.17 million constant 2023 US$ |
| 1961 | -311.1% | -2.55 million constant 2023 US$ | -10.47 million constant 2023 US$ |
| 1964 | -224.1% | 350.43 million constant 2023 US$ | -434.74 million constant 2023 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 122.68 million constant 2023 US$ | -434.74 million constant 2023 US$ | 703.35 million constant 2023 US$ | 10 |
| 1970s | 7.71 million constant 2023 US$ | -65.23 million constant 2023 US$ | 52.42 million constant 2023 US$ | 10 |
| 1980s | 56.00 million constant 2023 US$ | 42.76 million constant 2023 US$ | 123.69 million constant 2023 US$ | 10 |
| 1990s | 54.84 million constant 2023 US$ | 3.25 million constant 2023 US$ | 128.46 million constant 2023 US$ | 10 |
| 2000s | 81.65 million constant 2023 US$ | 58.94 million constant 2023 US$ | 136.01 million constant 2023 US$ | 10 |
| 2010s | 89.28 million constant 2023 US$ | 40.17 million constant 2023 US$ | 294.05 million constant 2023 US$ | 10 |
| 2020s | 336.14 million constant 2023 US$ | 284.96 million constant 2023 US$ | 405.30 million constant 2023 US$ | 4 |
Countries ranked near Venezuela
- 80 Mauritania 419.49 million constant 2023 US$ compare
- 81 North Macedonia 414.46 million constant 2023 US$ compare
- 82 Panama 410.18 million constant 2023 US$ compare
- 84 Kosovo 402.26 million constant 2023 US$ compare
- 84 Kosovo (UNSCR 1244) 402.26 million constant 2023 US$ compare
- 86 Congo 377.50 million constant 2023 US$ compare
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 official development assistance and official aid received in Venezuela?
- Net official development assistance and official aid received in Venezuela was 405.30 million constant 2023 US$ in 2023, 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 Venezuela?
- The highest recorded value was 703.35 million constant 2023 US$ in 1962.
- What is the lowest net official development assistance and official aid received recorded in Venezuela?
- The lowest recorded value was -434.74 million constant 2023 US$ in 1964.
- How does Venezuela rank for net official development assistance and official aid received?
- Venezuela ranks 83rd out of 181 countries with data for 2023.
- Is net official development assistance and official aid received rising or falling in Venezuela?
- Over the last ten years it is up 909.0%. 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 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.