Net official development assistance received (current US$) (Net) in Latin America & Caribbean
Latin America & Caribbean: Net official development assistance received (current US$) (Net) was 10.75 billion current US$ in 2023. ◆ Volatile
Net official development assistance received in Latin America & Caribbean, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
In 2023, net official development assistance received in Latin America & Caribbean stood at 10.75 billion current US$.
That represents a change of down 9.6% on the previous year and up 23.1% over ten years.
Over the whole period, net official development assistance received in Latin America & Caribbean peaked at 11.90 billion current US$ in 2022 and was at its lowest, 247.52 million current US$, in 1960.
Latin America & Caribbean ranks 29th of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance received (current US$) (Net) in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 247.52 million current US$ | — |
| 1961 | 769.10 million current US$ | +210.7% |
| 1962 | 727.76 million current US$ | -5.4% |
| 1963 | 724.83 million current US$ | -0.4% |
| 1964 | 551.75 million current US$ | -23.9% |
| 1965 | 780.38 million current US$ | +41.4% |
| 1966 | 914.28 million current US$ | +17.2% |
| 1967 | 768.19 million current US$ | -16.0% |
| 1968 | 835.76 million current US$ | +8.8% |
| 1969 | 730.72 million current US$ | -12.6% |
| 1970 | 758.42 million current US$ | +3.8% |
| 1971 | 682.82 million current US$ | -10.0% |
| 1972 | 709.00 million current US$ | +3.8% |
| 1973 | 709.37 million current US$ | +0.1% |
| 1974 | 784.96 million current US$ | +10.7% |
| 1975 | 977.39 million current US$ | +24.5% |
| 1976 | 992.28 million current US$ | +1.5% |
| 1977 | 937.88 million current US$ | -5.5% |
| 1978 | 1.19 billion current US$ | +27.2% |
| 1979 | 1.46 billion current US$ | +22.6% |
| 1980 | 1.75 billion current US$ | +19.3% |
| 1981 | 1.95 billion current US$ | +11.9% |
| 1982 | 2.14 billion current US$ | +9.7% |
| 1983 | 2.30 billion current US$ | +7.6% |
| 1984 | 2.49 billion current US$ | +8.2% |
| 1985 | 2.93 billion current US$ | +17.7% |
| 1986 | 3.25 billion current US$ | +10.7% |
| 1987 | 3.88 billion current US$ | +19.3% |
| 1988 | 3.96 billion current US$ | +2.2% |
| 1989 | 4.37 billion current US$ | +10.2% |
| 1990 | 4.71 billion current US$ | +7.9% |
| 1991 | 5.51 billion current US$ | +17.0% |
| 1992 | 5.05 billion current US$ | -8.3% |
| 1993 | 4.94 billion current US$ | -2.2% |
| 1994 | 5.23 billion current US$ | +5.9% |
| 1995 | 5.88 billion current US$ | +12.4% |
| 1996 | 5.47 billion current US$ | -7.0% |
| 1997 | 4.62 billion current US$ | -15.6% |
| 1998 | 4.58 billion current US$ | -0.9% |
| 1999 | 5.04 billion current US$ | +10.2% |
| 2000 | 4.38 billion current US$ | -13.2% |
| 2001 | 5.26 billion current US$ | +20.2% |
| 2002 | 4.60 billion current US$ | -12.6% |
| 2003 | 5.47 billion current US$ | +18.9% |
| 2004 | 6.21 billion current US$ | +13.5% |
| 2005 | 5.92 billion current US$ | -4.7% |
| 2006 | 6.56 billion current US$ | +10.9% |
| 2007 | 6.23 billion current US$ | -5.1% |
| 2008 | 7.85 billion current US$ | +26.1% |
| 2009 | 7.78 billion current US$ | -0.9% |
| 2010 | 8.54 billion current US$ | +9.7% |
| 2011 | 9.38 billion current US$ | +9.8% |
| 2012 | 9.16 billion current US$ | -2.3% |
| 2013 | 8.73 billion current US$ | -4.6% |
| 2014 | 8.82 billion current US$ | +0.9% |
| 2015 | 8.98 billion current US$ | +1.8% |
| 2016 | 10.80 billion current US$ | +20.4% |
| 2017 | 8.20 billion current US$ | -24.1% |
| 2018 | 9.89 billion current US$ | +20.6% |
| 2019 | 8.23 billion current US$ | -16.8% |
| 2020 | 11.62 billion current US$ | +41.3% |
| 2021 | 10.85 billion current US$ | -6.6% |
| 2022 | 11.90 billion current US$ | +9.6% |
| 2023 | 10.75 billion current US$ | -9.6% |
Biggest year-on-year movements
Years where Net official development assistance received (current US$) (Net) in Latin America & Caribbean changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1961 | +210.7% | 247.52 million current US$ | 769.10 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 705.03 million current US$ | 247.52 million current US$ | 914.28 million current US$ | 10 |
| 1970s | 920.76 million current US$ | 682.82 million current US$ | 1.46 billion current US$ | 10 |
| 1980s | 2.90 billion current US$ | 1.75 billion current US$ | 4.37 billion current US$ | 10 |
| 1990s | 5.10 billion current US$ | 4.58 billion current US$ | 5.88 billion current US$ | 10 |
| 2000s | 6.03 billion current US$ | 4.38 billion current US$ | 7.85 billion current US$ | 10 |
| 2010s | 9.07 billion current US$ | 8.20 billion current US$ | 10.80 billion current US$ | 10 |
| 2020s | 11.28 billion current US$ | 10.75 billion current US$ | 11.90 billion current US$ | 4 |
Countries ranked near Latin America & Caribbean
- 26 Cambodia 1.58 billion current US$ compare
- 27 Ghana 1.57 billion current US$ compare
- 28 Turkey 1.55 billion current US$ compare
- 29 South Africa 1.51 billion current US$ compare
- 30 Burkina Faso 1.44 billion current US$ compare
- 31 Zambia 1.42 billion current US$ compare
- 32 Sudan 1.39 billion current 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 received in Latin America & Caribbean?
- Net official development assistance received in Latin America & Caribbean was 10.75 billion current US$ in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net official development assistance received recorded in Latin America & Caribbean?
- The highest recorded value was 11.90 billion current US$ in 2022.
- What is the lowest net official development assistance received recorded in Latin America & Caribbean?
- The lowest recorded value was 247.52 million current US$ in 1960.
- How does Latin America & Caribbean rank for net official development assistance received?
- Latin America & Caribbean ranks 29th out of 47 groups with data for 2023.
- Is net official development assistance received rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is volatile.
- 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 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). Data are in current U.S. dollars.