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International aid to developing countries fell for the second year in a row, as the European debt crisis continued to weigh heavily on the wealthiest nations, according to 24/7 Wall St.
Grants and loans intended to benefit developing nations declined by 4 per cent in 2012, after falling 2 per cent in 2011, it says.
Let's take a look some of the most generous countries.
Source: 24/7 Wall St
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Luxembourg
International aid as a per cent of gross national income: 1.00 per cent
Total international aid: $432 million (9th lowest)
Social spending as per cent of GDP: 23.3 per cent (14th highest)
Government debt as a per cent of GDP: 18.2 per cent (26th lowest)
Global rank in financial aid: 1
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Sweden
International aid as a per cent of gross national income: 0.99 per cent
Total international aid: $5.24 billion (10th highest)
Social spending as per cent of GDP: 28.2 per cent (6th highest)
Government debt as a per cent of GDP: 37.9 per cent (72nd lowest)
Global rank in financial aid: 2
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Norway
International aid as a per cent of gross national income: 0.93 per cent
Total international aid: $4.75 billion (11th highest)
Social spending as per cent of GDP: 22.1 per cent (14th lowest)
Government debt as a per cent of GDP: 49.6 per cent (68th highest)
Global rank in financial aid: 3
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Denmark
International aid as a per cent of gross national income: 0.84 per cent
Total international aid: $2.72 billion (13th highest)
Social spending as per cent of GDP: 30.5 per cent (2nd highest)
Government debt as a per cent of GDP: 44.1 per cent (82nd highest)
Global rank in financial aid: 4
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The Netherlands
International aid as a per cent of gross national income: 0.71 per cent
Total international aid: $5.52 billion (8th highest)
Social spending as per cent of GDP: 24.3 per cent (11th highest)
Government debt as a per cent of GDP: 65.2 per cent (48th highest)
Global rank in financial aid: 5
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The United Kingdom
International aid as a per cent of gross national income: 0.56 per cent
Total international aid: $13.66 billion (2nd highest)
Social spending as per cent of GDP: 23.9 per cent (12th highest)
Government debt as a per cent of GDP: 81.8 per cent (21st highest)
Global rank in financial aid: 6
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Finland
International aid as a per cent of gross national income: 0.53 per cent
Total international aid: $1.32 billion (17th lowest)
Social spending as per cent of GDP: 29.0 per cent (4th highest)
Government debt as a per cent of GDP: 49.1 per cent (70th highest)
Global rank in financial aid: 7
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Ireland
International aid as a per cent of gross national income: 0.48 per cent
Total international aid: $809 million (14th lowest)
Social spending as per cent of GDP: 23.1 per cent (15th highest)
Government debt as a per cent of GDP: 106.5 per cent (10th highest)
Global rank in financial aid: 8
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Belgium
International aid as a per cent of gross national income: 0.47 per cent
Total international aid: $2.30 billion (17th highest)
Social spending as per cent of GDP: 30 per cent (3rd highest)
Government debt as a per cent of GDP: 97.8 per cent (14th highest)
Global rank in financial aid: 9
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France
International aid as a per cent of gross national income: 0.45 per cent
Total international aid: $12 billion (4th highest)
Social spending as per cent of GDP: 32.1 per cent (the highest)
Government debt as a per cent of GDP: 86 per cent (18th highest)
Global rank in financial aid: 10
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Switzerland
International aid as a per cent of gross national income: 0.45 per cent
Total international aid: $3.02 billion (12th highest)
Social spending as per cent of GDP: 20.3 per cent (9th lowest)
Government debt as a per cent of GDP: 46.8 per cent (75th highest)
Global rank in financial aid: 11