Korea, Rep.: Net ODA provided, total (constant 2023 US$)

Key figures

What the numbers say

In 2024, Korea, Rep.'s net ODA provided, total (constant 2023 US$) rose 25.8% on 2023 (from US$3.3 billion to US$4.15 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +13.8% and a typical year strayed about 23.6% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 73.8% in 1990 and the biggest yearly fall was 43.7% in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$203.79 million a year. A straight line explains 80% 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 2024, Korea, Rep. had the 13th 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 2024 ranking

• Norway — 9th of 32: US$5.06 billion
• Sweden — 10th of 32: US$4.7 billion
• Switzerland — 11th of 32: US$4.39 billion
• Spain — 13th of 32: US$4.02 billion
• Australia — 14th of 32: US$3.22 billion
• Belgium — 15th of 32: US$3.19 billion

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. Data are in constant 2023 U.S. dollars.

All 38 values

Net ODA provided, total (constant 2023 US$) in nearby economies

• Australia — US$3.22 billion (2024)
• Japan — US$16.29 billion (2024)
• New Zealand — US$767.55 million (2024)

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, total (constant 2023 US$)?

US$4.15 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1987?

It is up 8,543% from US$47.97 million in 1987 (12.81% a year on average, compounded). The highest value was US$4.15 billion in 2024 and the lowest US$47.97 million in 1987.

How does Korea, Rep. rank?

13th highest of 32 economies with data for 2024.

Is the latest change in net ODA provided, total (constant 2023 US$) unusual for Korea, Rep.?

In 2024, Korea, Rep.'s net ODA provided, total (constant 2023 US$) rose 25.8% on 2023 (from US$3.3 billion to US$4.15 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +13.8% and a typical year strayed about 23.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator DC.ODA.TOTL.KD, 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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