Net official development assistance received in Venezuela
Venezuela: Net official development assistance received was 405.30 million current US$ in 2023. ◆ Volatile
Net official development assistance received in Venezuela, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
In 2023, net official development assistance received in Venezuela stood at 405.30 million current US$. That is the highest value across all 64 years on record.
The figure is up 48.2% on the previous year and up 971.3% over ten years.
Over the whole period, net official development assistance received in Venezuela peaked at 405.30 million current US$ in 2023 and was at its lowest, -53.66 million current US$, in 1964.
Venezuela ranks 77th of 171 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance received in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 800,000 current US$ | — |
| 1961 | 8.72 million current US$ | +990.0% |
| 1962 | 79.94 million current US$ | +816.7% |
| 1963 | 43.92 million current US$ | -45.1% |
| 1964 | -53.66 million current US$ | -222.2% |
| 1965 | 14.11 million current US$ | -126.3% |
| 1966 | 28.65 million current US$ | +103.0% |
| 1967 | 25.51 million current US$ | -11.0% |
| 1968 | 18.41 million current US$ | -27.8% |
| 1969 | 11.73 million current US$ | -36.3% |
| 1970 | 4.91 million current US$ | -58.1% |
| 1971 | 7.97 million current US$ | +62.3% |
| 1972 | 8.39 million current US$ | +5.3% |
| 1973 | 8.44 million current US$ | +0.6% |
| 1974 | 5.16 million current US$ | -38.9% |
| 1975 | 3.78 million current US$ | -26.7% |
| 1976 | -15.25 million current US$ | -503.4% |
| 1977 | -8.36 million current US$ | -45.2% |
| 1978 | -15.07 million current US$ | +80.3% |
| 1979 | 10.48 million current US$ | -169.5% |
| 1980 | 19.48 million current US$ | +85.9% |
| 1981 | 17.27 million current US$ | -11.3% |
| 1982 | 18.57 million current US$ | +7.5% |
| 1983 | 17.85 million current US$ | -3.9% |
| 1984 | 17.43 million current US$ | -2.4% |
| 1985 | 16.51 million current US$ | -5.3% |
| 1986 | 20.88 million current US$ | +26.5% |
| 1987 | 22.95 million current US$ | +9.9% |
| 1988 | 26.64 million current US$ | +16.1% |
| 1989 | 64.54 million current US$ | +142.3% |
| 1990 | 80.48 million current US$ | +24.7% |
| 1991 | 31.19 million current US$ | -61.2% |
| 1992 | 34.73 million current US$ | +11.3% |
| 1993 | 42.09 million current US$ | +21.2% |
| 1994 | 27.54 million current US$ | -34.6% |
| 1995 | 44.86 million current US$ | +62.9% |
| 1996 | 36.08 million current US$ | -19.6% |
| 1997 | 7.40 million current US$ | -79.5% |
| 1998 | 40.19 million current US$ | +443.0% |
| 1999 | 43.78 million current US$ | +8.9% |
| 2000 | 78.14 million current US$ | +78.5% |
| 2001 | 45.02 million current US$ | -42.4% |
| 2002 | 57.59 million current US$ | +27.9% |
| 2003 | 82.42 million current US$ | +43.1% |
| 2004 | 46.67 million current US$ | -43.4% |
| 2005 | 48.80 million current US$ | +4.6% |
| 2006 | 57.25 million current US$ | +17.3% |
| 2007 | 73.02 million current US$ | +27.6% |
| 2008 | 60.06 million current US$ | -17.8% |
| 2009 | 59.05 million current US$ | -1.7% |
| 2010 | 48.58 million current US$ | -17.7% |
| 2011 | 48.99 million current US$ | +0.8% |
| 2012 | 50.79 million current US$ | +3.7% |
| 2013 | 37.83 million current US$ | -25.5% |
| 2014 | 43.13 million current US$ | +14.0% |
| 2015 | 36.59 million current US$ | -15.1% |
| 2016 | 43.42 million current US$ | +18.7% |
| 2017 | 86.84 million current US$ | +100.0% |
| 2018 | 149.08 million current US$ | +71.7% |
| 2019 | 261.24 million current US$ | +75.2% |
| 2020 | 333.21 million current US$ | +27.6% |
| 2021 | 274.49 million current US$ | -17.6% |
| 2022 | 273.56 million current US$ | -0.3% |
| 2023 | 405.30 million current US$ | +48.2% |
Venezuela compared with similar countries
- Venezuela's 405.30 million current US$ is below the median for lower middle income countries, which is 691.09 million current US$, 59% of the median. (47 countries reporting)
- Venezuela's 405.30 million current US$ is above the median for Latin America & Caribbean, which is 133.38 million current US$, 3.0× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Net official development assistance received in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1961 | +990.0% | 800,000 current US$ | 8.72 million current US$ |
| 1962 | +816.7% | 8.72 million current US$ | 79.94 million current US$ |
| 1976 | -503.4% | 3.78 million current US$ | -15.25 million current US$ |
| 1998 | +443.0% | 7.40 million current US$ | 40.19 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.81 million current US$ | -53.66 million current US$ | 79.94 million current US$ | 10 |
| 1970s | 1.04 million current US$ | -15.25 million current US$ | 10.48 million current US$ | 10 |
| 1980s | 24.21 million current US$ | 16.51 million current US$ | 64.54 million current US$ | 10 |
| 1990s | 38.83 million current US$ | 7.40 million current US$ | 80.48 million current US$ | 10 |
| 2000s | 60.80 million current US$ | 45.02 million current US$ | 82.42 million current US$ | 10 |
| 2010s | 80.65 million current US$ | 36.59 million current US$ | 261.24 million current US$ | 10 |
| 2020s | 321.64 million current US$ | 273.56 million current US$ | 405.30 million current US$ | 4 |
Countries ranked near Venezuela
- 74 Mauritania 419.49 million current US$ compare
- 75 North Macedonia 414.46 million current US$ compare
- 76 Panama 410.18 million current US$ compare
- 78 Kosovo 402.26 million current US$ compare
- 78 Kosovo (UNSCR 1244) 402.26 million current US$ compare
- 80 Congo 377.50 million current 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 received in Venezuela?
- Net official development assistance received in Venezuela was 405.30 million 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 Venezuela?
- The highest recorded value was 405.30 million current US$ in 2023.
- What is the lowest net official development assistance received recorded in Venezuela?
- The lowest recorded value was -53.66 million current US$ in 1964.
- How does Venezuela rank for net official development assistance received?
- Venezuela ranks 77th out of 171 countries with data for 2023.
- Is net official development assistance received rising or falling in Venezuela?
- Over the last ten years it is up 971.3%. 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 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.