Australia vs South Korea: Foreign aid given as grants and concessional loans
Australia
3.31 billion constant 2024 US$
in 2024
South Korea
2.86 billion constant 2024 US$
in 2024
Australia rank
15th
South Korea rank
18th
Foreign aid given as grants and concessional loans over time
- Australia
- South Korea
How they compare
Australia currently reports 3.31 billion constant 2024 US$ against 2.86 billion constant 2024 US$ in South Korea, a difference of 450.61 million constant 2024 US$.
That makes Australia's figure about 1.2 times South Korea's.
Across all 38 years both countries report, Australia has been ahead every year.
Australia ranks 15th and South Korea ranks 18th of 49 countries.
Australia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Australia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.77 billion constant 2024 US$ | 9.67 million constant 2024 US$ | 1.76 billion constant 2024 US$ | Australia |
| 1990s | 2.01 billion constant 2024 US$ | 74.66 million constant 2024 US$ | 1.93 billion constant 2024 US$ | Australia |
| 2000s | 2.60 billion constant 2024 US$ | 350.35 million constant 2024 US$ | 2.25 billion constant 2024 US$ | Australia |
| 2010s | 3.88 billion constant 2024 US$ | 1.10 billion constant 2024 US$ | 2.78 billion constant 2024 US$ | Australia |
| 2020s | 3.32 billion constant 2024 US$ | 1.94 billion constant 2024 US$ | 1.38 billion constant 2024 US$ | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher foreign aid given as grants and concessional loans, Australia or South Korea?
- Australia, at 3.31 billion constant 2024 US$ against 2.86 billion constant 2024 US$ in South Korea as of 2024.
- What is the difference in foreign aid given as grants and concessional loans between Australia and South Korea?
- 450.61 million constant 2024 US$, with Australia ahead.
- How many years of comparable data are there for Australia and South Korea?
- 38 years are reported by both, from 1987 to 2024.
- How do Australia and South Korea rank globally for foreign aid given as grants and concessional loans?
- Australia ranks 15th and South Korea ranks 18th of 49 countries.
- Where does this data come from?
- OECD (2026) – with minor processing by Our World in Data, published as Foreign aid given as grants and concessional loans. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Official development assistance component that represents grants. Monetary aid is estimated as net disbursements. This data is expressed in US dollars. It is adjusted for inflation.