Somalia SO: Net Official Development Assistance and Official Aid Received: Current Price

Somalia SO: Net Official Development Assistance and Official Aid Received: Current Price data was reported at 1.169 USD bn in 2016. This records a decrease from the previous number of 1.253 USD bn for 2015. Somalia SO: Net Official Development Assistance and Official Aid Received: Current Price data is updated yearly, averaging 234.950 USD mn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 1.253 USD bn in 2015 and a record low of 14.410 USD mn in 1967. Somalia SO: Net Official Development Assistance and Official Aid Received: Current Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank: Defense and Official Development Assistance. 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). Net official aid refers to aid flows (net of repayments) from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum;

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