Korea, Rep.: Net ODA provided to the least developed countries (% of GNI)

Key figures

What the numbers say

In 2023, Korea, Rep.'s net ODA provided to the least developed countries (% of GNI) fell 0.01 percentage points on 2022 (from 0.05% to 0.04%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 0.01 percentage points in 2010 and the biggest yearly fall was 0.01 percentage points in 2023. 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 upward, about 0.000744 percentage points a year. A straight line explains 43% 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, Rep. had the 17th 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 Korea, Rep. in the 2023 ranking

• Canada — 14th of 32: 0.05%
• United States — 15th of 32: 0.05%
• New Zealand — 16th of 32: 0.05%
• Australia — 18th of 32: 0.04%
• United Kingdom — 19th of 32: 0.04%
• Portugal — 20th of 32: 0.02%

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. Series is shown as a share of donors' GNI.

All 37 values

Net ODA provided to the least developed countries (% of GNI) in nearby economies

• Australia — 0.04% (2023)
• Japan — 0.09% (2023)
• New Zealand — 0.05% (2023)

More economic policy & debt data for Korea, Rep.

• Total reserves, including gold (current US$) — US$436.57 billion (2025)
• Total reserves, excluding gold (current US$) — US$421.91 billion (2025)
• General government final consumption expenditure (current US$) — US$330.43 billion (2025)
• General government final consumption expenditure (current LCU) — 470.02 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$332.28 billion (2025)
• General government final consumption expenditure (constant LCU) — 411.92 trillion (2025)
• General government final consumption expenditure (% of GDP) — 17.65% (2025)
• Households and NPISHs final consumption expenditure (current US$)

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, Rep.'s net ODA provided to the least developed countries (% of GNI)?

0.04% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1987?

It is up 0.04 percentage points from 0.000277% in 1987. The highest value was 0.05% in 2022 and the lowest 0.0000493% in 1990.

How does Korea, Rep. rank?

17th highest of 32 economies with data for 2023.

Is the latest change in net ODA provided to the least developed countries (% of GNI) unusual for Korea, Rep.?

Source

World Bank, World Development Indicators, indicator DC.ODA.TLDC.GN.ZS, 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.

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