2023 Global Philanthropy Tracker finds $70 billion in cross-border philanthropic giving at the height of COVID-19 global health crisis
Representing data from 47 countries at all stages of economic development, the GPT measures cross-border charitable giving and examines how philanthropy enables and enhances efforts to address complex challenges – from poverty, food insecurity, health, climate change to racial injustice to inequality facing women and girls. The GPT is a critical tool that bridges the gap between the increasing need for philanthropy and the lack of available data insights about the scope of cross-border giving.
The 47 countries included in the latest GPT contributed USD 70 billion (USD) in philanthropic giving in 2020 (the latest year for which data is available for most of the countries) which is roughly equivalent to the 73rd largest economy in the world, by 2020 GDP.
The report also compares cross-border philanthropy to three other cross-border financial resource flows, including official development assistance (ODA), private capital investment, and remittances. The USD 70 billion in philanthropy represents 8 percent of total cross-border financial resource flows, which include all four cross-border resource flows
The GPT demonstrates how civil society, government, business, and individuals collaborate to find sustainable solutions for societal issues around the globe.