Net official development assistance and official aid received in Bermuda
Bermuda: Net official development assistance and official aid received was -4.07 million current US$ in 1996. ◆ Volatile
Net official development assistance and official aid received in Bermuda, 1964–1996
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
In 1996, net official development assistance and official aid received in Bermuda stood at -4.07 million current US$.
That represents a change of down 95.7% on the previous year and down 4,622.2% over ten years.
Over the whole period, net official development assistance and official aid received in Bermuda peaked at 42.19 million current US$ in 1990 and was at its lowest, -12.48 million current US$, in 1994.
That places Bermuda 177th out of 181 countries with data for 1996, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance and official aid received in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 1964 | 10,000 current US$ | — |
| 1965 | 50,000 current US$ | +400.0% |
| 1966 | 60,000 current US$ | +20.0% |
| 1967 | 60,000 current US$ | +0.0% |
| 1968 | 40,000 current US$ | -33.3% |
| 1969 | 10,000 current US$ | -75.0% |
| 1970 | 10,000 current US$ | +0.0% |
| 1972 | 10,000 current US$ | +0.0% |
| 1974 | 30,000 current US$ | +200.0% |
| 1975 | 20,000 current US$ | -33.3% |
| 1976 | 30,000 current US$ | +50.0% |
| 1977 | 80,000 current US$ | +166.7% |
| 1978 | 160,000 current US$ | +100.0% |
| 1979 | 150,000 current US$ | -6.2% |
| 1980 | 280,000 current US$ | +86.7% |
| 1981 | 210,000 current US$ | -25.0% |
| 1982 | 70,000 current US$ | -66.7% |
| 1983 | 70,000 current US$ | +0.0% |
| 1984 | 80,000 current US$ | +14.3% |
| 1985 | 940,000 current US$ | +1075.0% |
| 1986 | 90,000 current US$ | -90.4% |
| 1987 | 230,000 current US$ | +155.6% |
| 1988 | 40,000 current US$ | -82.6% |
| 1989 | 100,000 current US$ | +150.0% |
| 1990 | 42.19 million current US$ | +42090.0% |
| 1991 | -4.72 million current US$ | -111.2% |
| 1992 | -5.00 million current US$ | +5.9% |
| 1993 | -4.82 million current US$ | -3.6% |
| 1994 | -12.48 million current US$ | +158.9% |
| 1995 | -2.08 million current US$ | -83.3% |
| 1996 | -4.07 million current US$ | +95.7% |
Bermuda compared with similar countries
- Bermuda's -4.07 million current US$ is below the median for high income countries, which is 28.79 million current US$. (49 countries reporting)
Biggest year-on-year movements
Years where Net official development assistance and official aid received in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +42090.0% | 100,000 current US$ | 42.19 million current US$ |
| 1985 | +1075.0% | 80,000 current US$ | 940,000 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38,333 current US$ | 10,000 current US$ | 60,000 current US$ | 6 |
| 1970s | 61,250 current US$ | 10,000 current US$ | 160,000 current US$ | 8 |
| 1980s | 211,000 current US$ | 40,000 current US$ | 940,000 current US$ | 10 |
| 1990s | 1.29 million current US$ | -12.48 million current US$ | 42.19 million current US$ | 7 |
Countries ranked near Bermuda
- 174 Northern Mariana Islands 120,000 current US$ compare
- 175 Gibraltar 30,000 current US$ compare
- 176 Cayman Islands -2.03 million current US$ compare
- 178 Aruba -7.38 million current US$ compare
- 179 South Korea -55.10 million current US$ compare
- 180 Saudi Arabia -131.07 million current US$ compare
More aid effectiveness data for Bermuda
- Net bilateral aid flows from DAC donors, Germany -4.14 million current US$ (1996)
- Net bilateral aid flows from DAC donors, United Kingdom 70,000 current US$ (1996)
- Net bilateral aid flows from DAC donors, Total 490,000 current US$ (1998)
- Net official flows from UN agencies, UNDP 70,000 current US$ (1991)
- Net official development assistance and official aid received 110,000 constant 2023 US$ (2004)
- Net official development assistance received -4.07 million current US$ (1996)
- Net official development assistance received -5.24 million constant 2023 US$ (1996)
- Net ODA received per capita -68.05 current US$ (1996)
- Net official development assistance received (constant 2023 US$), per -87.66 constant 2023 US$ per person (1996)
- Net official development assistance received (constant 2023 US$), per -0.0019 constant 2023 US$ per US$ of GDP (1996)
Frequently asked questions
- What is net official development assistance and official aid received in Bermuda?
- Net official development assistance and official aid received in Bermuda was -4.07 million current US$ in 1996, 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 Bermuda?
- The highest recorded value was 42.19 million current US$ in 1990.
- What is the lowest net official development assistance and official aid received recorded in Bermuda?
- The lowest recorded value was -12.48 million current US$ in 1994.
- How does Bermuda rank for net official development assistance and official aid received?
- Bermuda ranks 177th out of 181 countries with data for 1996.
- Is net official development assistance and official aid received rising or falling in Bermuda?
- Over the last ten years it is down 4,622.2%. The long-run trend across the full record is volatile.
- Where does this Bermuda 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 (current 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 current U.S. dollars.