Korea, Dem. People's Rep.: Net official development assistance received (current US$)

Key figures

What the numbers say

In 2023, Korea, Dem. People's Rep.'s net official development assistance received (current US$) rose 6.1% on 2022 (from US$13.59 million to US$14.42 million).

Across the 30 yearly changes before that (1993 to 2022), the average change was +22% and a typical year strayed about 72.7% 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 245.8% in 1997 and the biggest yearly fall was 83.3% in 2021. 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 the straight-line trend is downward, about US$15.63 million a year. A straight line explains 71% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Korea, Dem. People's Rep. had the 133rd highest value of the 136 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 Korea, Dem. People's Rep. in the 2023 ranking

• Belize — 130th of 136: US$31.86 million
• Palau — 131st of 136: US$28.79 million
• St. Vincent and the Grenadines — 132nd of 136: US$21.28 million
• Equatorial Guinea — 134th of 136: US$11.66 million
• Malaysia — 135th of 136: US$6.58 million
• China — 136th of 136: −US$267.16 million

What this measures

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.

Limitations: Data on ODA is for aid-receiving countries. The data cover loans and grants from DAC member countries, multilateral organizations, and non-DAC donors. They do not reflect aid given by recipient countries to other developing countries. As a result, some countries that are net donors are shown as aid recipients. The indicator does not distinguish types of aid (program, project, or food aid; emergency assistance; or post-conflict peacekeeping assistance), which may have different effects on the economy.

Regional and income-group figures are computed by the World Bank as a sum.

All 40 values

Net official development assistance received (current US$) in nearby economies

• Cambodia — US$1.58 billion (2023)
• China — −US$267.16 million (2023)
• Fiji — US$190.19 million (2023)
• Indonesia — US$1.16 billion (2023)
• Kiribati — US$98.32 million (2023)
• Lao PDR — US$514.84 million (2023)
• Malaysia — US$6.58 million (2023)
• Marshall Islands — US$126.13 million (2023)
• Micronesia, Fed. Sts. — US$125.81 million (2023)

More economic policy & debt data for Korea, Dem. People's Rep.

• Adjusted savings, net forest depletion (current US$) — US$0 (2021)
• Adjusted savings, mineral depletion (current US$) — US$62.05 million (2021)
• Adjusted savings, energy depletion (current US$) — US$430.72 million (2021)
• Foreign direct investment, net inflows (BoP, current US$) — US$9.21 million (2025)
• Net official development assistance and official aid received (current US$) — US$14.42 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$14.42 million (2023)
• Net official development assistance received (constant 2023 US$) — US$14.42 million (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Korea, Dem. People's Rep.'s net official development assistance received (current US$)?

US$14.42 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1978?

It is down 71.15% from US$50 million in 1978 (2.72% a year on average, compounded). The highest value was US$264.4 million in 2002 and the lowest US$5.43 million in 1986.

How does Korea, Dem. People's Rep. rank?

133rd highest of 136 economies with data for 2023.

Source

World Bank, World Development Indicators, indicator DT.ODA.ODAT.CD, licensed CC BY 4.0. Original 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/; Developmen… 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.

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