Net ODA received per capita (US dollar) in Venezuela

The Net ODA received per capita (US dollar) in Venezuela was 2.35 in 2009, according to a World Bank report, published in 2010. The Net ODA received per capita (US dollar) in Venezuela was reported at 2.12 in 2008, according to the World Bank. Net official development assistance (ODA) per capita 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; and is calculated by dividing net ODA received by the midyear population estimate. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for Net ODA received per capita (US dollar) in Venezuela. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors.

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