Cyprus: Foreign aid

The latest value from 2004 is 59.86 million U.S. dollars, an increase from 14.39 million U.S. dollars in 2003. In comparison, the world average is 389.15 million U.S. dollars, based on data from 167 countries. Historically, the average for Cyprus from 1960 to 2004 is 29.52 million U.S. dollars. The minimum value, 0.96 million U.S. dollars, was reached in 1968 while the maximum of 95.01 million U.S. dollars was recorded in 1977. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: 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.