A poll in 2000 by the <a href=http://www.pipa.org/index.html>Program on International Policy Attitudes (PIPA)</a> and similar polls in earlier years found that most Americans vastly overestimate their countryâ€™s foreign aid spending. The median estimate of the percentage of the federal budget that goes to foreign aid was 20 percent, while the average estimate was 24 percent. The actual figure is a little less than 1 percent. <p>In an October 1997 poll, 63 percent of people surveyed believed more was spent on foreign aid than on Medicare, while 27 percent though Medicare spending was greater. That year, Medicare funding was about 10 times as much as foreign aid. <p>Respondents to the 2000 PIPA poll also overestimated U.S. aid as a percentage of all foreign aid. The median estimate was that American aid accounted for 33 percent of all aid. The actual figure for 1999 was 16 percent.
DEFINITION: The net official development assistance (ODA) from Organization for Economic Cooperation and Development (OECD) nations to developing countries and multilateral organizations. ODA is defined as financial assistance that is concessional in character, has the main objective to promote economic development and welfare of the less developed countries (LDCs), and contains a grant element of at least 25%. The entry does not cover other official flows (OOF) or private flows.
Interesting observations about Economy > Economic aid > Donor
- United States ranked first for economic aid > donor amongst High income OECD countries in 2008.
- Italy ranked last for economic aid > donor amongst Group of 7 countries (G7) in 2008.
- France ranked first for economic aid > donor amongst Eurozone in 2008.
- United Kingdom ranked first for economic aid > donor amongst European Union in 2008.
- All of the top 2 countries by economic aid > donor are Cold countries'.
- All of the top 6 countries by economic aid > donor are Heavily indebted.
- 15 of the top 18 countries by economic aid > donor are Christian.
- All of the top 2 countries by economic aid > donor are English speaking .
- 19 of the bottom 25 countries by economic aid > donor are European.
- Australia ranked second last for economic aid > donor amongst Non-religious countries in 2008.
The Fact being that the US has over 300+Million Citizens, 5 times the number of the United Kingdom alone. So in reality the US is among the smallest aid donors on this list if you look at the size of nations. The European Nations have always been dominating the foreign aid levels. Not that they are ever mentioned for it. In fact most Americans probably believe Europe is giving close to nothing.