Australia's net ODA provided, to the least developed countries (current US$) was US$624.99 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 32.85% from US$930.73 million in 2013 (3.9% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$624.99 million | 2023 |
| Five years earlier | US$524.02 million | 2018 |
| Ten years earlier | US$930.73 million | 2013 |
| Highest | US$1.16 billion | 2012 |
| Lowest | US$2.41 million | 1967 |
| Average since 2014 | US$591.25 million | 2014–2023 |
| First recorded | US$2.49 million |
What the numbers say
In 2023, Australia's net ODA provided, to the least developed countries (current US$) rose 3.3% on 2022 (from US$604.9 million to US$624.99 million).
Across the 30 yearly changes before that (1993 to 2022), the average change was +9.7% and a typical year strayed about 25.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 289.8% in 1974 and the biggest yearly fall was 49.1% in 1976. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 4% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Australia had the 12th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Australia in the 2023 ranking
- Norway — 8th of 32: US$807.09 million
- Korea, Rep. — 9th of 32: US$782.95 million
- Switzerland — 10th of 32: US$705.81 million
- Netherlands — 12th of 32: US$562.9 million
- Denmark — 13th of 32: US$448.96 million
- Belgium — 14th of 32: US$419.26 million
What this measures
Net Official development assistance (ODA) comprises grants or loans to developing countries and territories on the OECD/DAC list of aid recipients that are undertaken by the official sector with promotion of economic development and welfare as the main objective and at concessional financial terms. The list of least developed countries (LDCs) has been agreed by the General Assembly, on the recommendation of the Committee for Development Policy, Economic and Social Council.
All 59 values
| Year | Net ODA provided, to the least developed countries (current US$) |
|---|---|
| 2023 | 624,987,664 |
| 2022 | 604,903,413 |
| 2021 | 676,561,041 |
| 2020 | 469,507,685 |
| 2019 | 515,533,694 |
| 2018 | 524,016,241 |
| 2017 | 606,005,594 |
| 2016 | 489,933,598 |
| 2015 | 581,621,557 |
| 2014 | 819,400,000 |
Net ODA provided, to the least developed countries (current US$) in nearby economies
- Japan — US$3.95 billion (2023)
- Korea, Rep. — US$782.95 million (2023)
- New Zealand — US$113.76 million (2023)
More economic policy & debt data for Australia
- Portfolio equity, net inflows (BoP, current US$) — US$18.94 billion (2025)
- Total reserves, including gold (current US$) — US$72.63 billion (2025)
- Total reserves, excluding gold (current US$) — US$62.12 billion (2025)
- General government final consumption expenditure (current US$) — US$416.34 billion (2025)
- General government final consumption expenditure (current LCU) — 643.28 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$418.83 billion (2025)
- General government final consumption expenditure (constant LCU) — 622.17 billion (2025)
- General government final consumption expenditure (% of GDP) — 23.15% (2025)
Reading data like this
Questions people ask
- What is Australia's net ODA provided, to the least developed countries (current US$)?
- US$624.99 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 25,000% from US$2.49 million in 1965 (10% a year on average, compounded). The highest value was US$1.16 billion in 2012 and the lowest US$2.41 million in 1967.
- How does Australia rank?
- 12th highest of 32 economies with data for 2023.
- Is the latest change in net ODA provided, to the least developed countries (current US$) unusual for Australia?
Source
World Bank, World Development Indicators, indicator DC.ODA.TLDC.CD, licensed CC BY 4.0. Original source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/idsonline; Geographical Distribution of Financial Flows to Developing Countries, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/ids… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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