Iceland last in Nordic development aid
Photo: World Bank
Iceland’s contribution to development aid, as a percentage of gross national income (GNI), is far lower than that of its Nordic neighbours, according to official data collected by the OECD Development Assistance Committee (DAC).
Iceland far from target
In total, DAC countries gave $135.2 billion in development aid in 2014. The United Nations has set a target of keeping official development assistance at 0.7% of GNI.
Denmark, Norway and Sweden have all exceeded this target, with first-placed Sweden contributing over 1% of GNI, and Finland is close with 0.6%. Iceland’s figure for 2014 was just 0.21%.
Aid to poorest countries falls
The data collected show that, while development aid flows were stable in 2014 after hitting an all-time high in 2013, aid to the poorest countries continued to fall.
The graph below shows the percentage of GNI donated by DAC countries in 2014 (click to enlarge).
