Bureau of Economic and Business Affairs
July 6, 2005
U.S. Provides Nearly 70% of Total G-7 Financial Flows to the Developing World
The U.S., in its economic relationships with developing countries, provided net financial outflows of $418 billion in 2003.
- U.S. net imports of goods from developing countries totaled $354 billion in 2003.
- The U.S. contributed over 32 percent of total Official Development Assistance (ODA) by G-7 countries in 2003.
- The U.S. contributed nearly 70 percent of aggregate G-7 Net Private Capital Flows, Net Imports, and Private Voluntary Grants to developing countries.
Remittances to developing countries from U.S. residents and temporary workers in the U.S. totaled $27.9 billion in 2003.
The U.S. ranks first in combined ODA, private capital flows, imports, grants from NGOs, and total contributions.
Chart: U.S. Represents Nearly 70% of G-7 Aid, Trade, Investment, and
Private Grant Flows to the Developing World [also available as text only version]
Source: OECD DAC, IMF DOT
This fact sheet revises incorrect data in previous edition.