Foreign Aid

Only Four Countries Hit UN 0.7% Foreign Aid Target in 2022

The UN target is for countries to provide 0.7% of their national income as foreign aid. The final 2022 data released by the OECD this week show that only 🇱🇺 Luxembourg, 🇸🇪 Sweden, 🇳🇴 Norway and 🇩🇪Germany reached above this threshold in 2022. 

For all 32 members of the OECD Development Assistance Committee, total foreign aid made up 0.37% of their combined GNI. In recent years, the share has increased and is currently at its highest ever recorded level, yet still significantly below the 0.7% target. 

In monetary terms, official development assistance (ODA) reached a total of $211 billion in 2022, an increase of 17% in real terms from 2021. The primary driver of this growth was a surge in spending on refugees in donor countries and aid to Ukraine, according to the OECD.

The United States was the largest donor of official development assistance, followed by Germany and the EU institutions. Top 10 biggest providers of foreign aid in 2022: 🇺🇸 US $60.5 Billion 🇩🇪 Germany $35.6B 🇪🇺EU Institutions* $21.3B 🇯🇵 Japan $17.5B 🇫🇷 France $16.0B 🇬🇧 UK $15.8B 🇨🇦 Canada $7.8B 🇮🇹 Italy $6.6B 🇳🇱 Netherlands $6.5B 🇸🇪 Sweden $5.5B. 

*Note that the EU member states total ODA comprises both individual member state spending and the ODA of the EU institutions not attributed to individual Member States. 

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