How much is spent on foreign aid last year?

Answer 1

The 2008 data state that the USA spends only 0.18% of their GNP on Foreign Aid. That is less than one-fifth of 1% of our budget. This amount translates to an astounding 25.439 Billion dollars, which sounds much more pleasing but is still much less than our pledged amount.

In 1970, the international body agreed to spend 0.7% of their respective GNP on foreign aid. That means the USA should be contributing 98.929 Billion dollars. In fact, only 5 countries met their "donation" goal in 2008: Sweden, Luxembourg, Norway, Denmark, and Netherlands. According to the OECD, not one country spent more than 1% of its GNP on Foreign Aid Assistance, although Sweden was close.

(Information available at www.globalissues.org/article/35/us-and-foreign-aid-assistance)