Economics

In the News

How much overseas aid does the UK give?

Geoff Riley

6th January 2016

New data on the scale of overseas development assistance (ODA) given by OECD countries shows that the UK remains one of the most generous nations in the world in providing aid. In 2014, development aid reached 0.71% of gross national income, a shade above the commitment that the government has made in recent years. This amounted to $19.4 billion and placed the UK 5th among the OECD group of rich advanced nations. In contrast, South Korea's overseas aid was just 0.13% of her GNI and the United States 0.19%.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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