We estimate that a massive $37 billion (47%) of the $79 billion in headline aid in 2004 was ‘phantom’, while real aid stood at only $42 billion. There was some improvement from 2003, with nearly all the increase in aid – otherwise known as Overseas Development Assistance or ODA – between 2003 and 2004 counting as real aid. However, even with this increase, our analysis suggests donors still contributed an average of only 0.14% of gross national income in real aid in 2004, or only one fifth of the UN target level. On average, donors give only $48 for each of their citizens in real aid each year – less than $1 a week.