| Code | DT.ODA.ODAT.KD |
| Indicator Name | Net official development assistance received (constant 2023 US$) |
| Short definition | 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 constant 2023 U.S. dollars. |
| Long definition | 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 constant 2023 U.S. dollars. |
| Source | Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), uri: https://stats.oecd.org/;
Geographical Distribution of Financial Flows to Developing Countries, Organisation for Economic Co-operation and Development (OECD), uri: https://stats.oecd.org/;
Development Co-operation Report, Organisation for Economic Co-operation and Development (OECD), uri: https://stats.oecd.org/;
International Development Statistics database, Organisation for Economic Co-operation and Development (OECD), uri: https://stats.oecd.org/ |
| Topic | Economic Policy & Debt: Official development assistance |
| Dataset | WDI |
| Periodicity | Annual |
| Reference period | 1960-2022 |
| Aggregation method | Sum |
| Statistical concept and methodology | Methodology: The flows of official and private financial resources from the members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to developing economies are compiled by DAC, based principally on donor reports on bilateral programs by DAC members using standard questionnaires issued by the DAC Secretariat. DAC has 24 members - 23 individual economies and 1 multilateral institution (European Union institutions).
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 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 constant U.S. dollars.
Total net disbursements is the sum of grants, capital subscriptions (deposit basis), recoveries and total net loans and other long-term capital.
The ODA excludes nonconcessional flows from official creditors, which are classified as "other official flows," and aid for military and anti-terrorism purposes. Transfer payments to private individuals, such as pensions, reparations, and insurance payouts, are in general not counted. In addition to financial flows, ODA includes technical cooperation, most expenditures for peacekeeping under UN mandates and assistance to refugees, contributions to multilateral institutions such as the United Nations and its specialized agencies, and concessional funding to multilateral development banks.
Flows are transfers of resources, either in cash or in the form of commodities or services measured on a cash basis. Short-term capital transactions (with one year or less maturity) are not counted. Repayments of the principal (but not interest) of ODA loans are recorded as negative flows. Proceeds from official equity investments in a developing country are reported as ODA, while proceeds from their later sale are recorded as negative flows.
The official development assistance (ODA) estimates are published annually at the end of the calendar year in International Development Statistics (IDS) database. |
| License URL | https://datacatalog.worldbank.org/public-licenses#cc-by |
| License Type | CC BY-4.0 |
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