Official development assistance (i81)

Definition: official development assistance (ODA) consists of grants and loans at concessional financial terms provided by the official sector to developing countries and with economic development and welfare as the main objective. The ODA comprises both financial flows and the so-called technical assistance. Some contributions to international institutions are also counted as ODA. This indicator is expressed as a percentage of the gross national income (GNI). The statistics on development assistance are compiled according to the rules of the Development Assistance Committee (DAC) of the Organisation for Economic Cooperation and Development (OECD). In 2018, the calculation method changed from net disbursements to grant equivalents: so the value of concessional terms of loans is also taken into account. The data come from the OECD and from Eurostat.