The graph illustrates the financial support allocated by six developed nations to developing countries between 2008 and 2010.
Looking from an overall perspective, it is obvious that most countries spent more financial support to assist other low and middle-income countries over the three years. While the USA contributed the most, Sweden contributed the least.
Starting in 2008, Sweden spent around 6 billion dollars supporting other developing countries before this figure went up to nearly 9 billion in 2009. Only one year later, this number dropped back below the first financial aid amount, at only 5 billion. Similarly, the Netherlands distributed the same amount of money to other developing nations as Sweden did in 2008. Interestingly, the country’s sponsorship remained at a stable amount which is around 8 billion dollars in the next two years. Japan spent a more significant amount, at over 10 billion dollars in the first given year, and this figure remained unchanged in 2010 after it decreased to around 8 billion dollars in 2009.
Conversely, the three nations namely the USA, the UK, and Germany witnessed an upward trend in supporting other developing countries. First, the USA allocated the highest amount of money, with over 20 billion dollars in 2008. Only a year later, this number fell to around 16 billion but remarkably this figure increased to 25 billion dollars in 2010. Similarly, the UK experienced a constantly higher amount of financial support at around 7 billion, 12 billion, and 13 billion in the three years, respectively. Germany starting at around 11 billion dollars also showed a modest increase, at about 12 billion in 2010.