U.S. GARIOA grant and loan payments by country and year 1946-1967
The Government Aid and Relief in Occupied Areas (GARIOA) program saw the U.S. invest over 4.5 billion U.S. dollars (39.8 billion FY2018 dollars) into occupied areas following the Second World War. Germany received the largest share of this investment, in the form of 1.4 billion dollars in grants, and 800 million dollars in loans; Germany was the only country required to repay any of this money. Japan received the second-largest amount, at 1.7 billion U.S. dollars. In Germany and Austria, this program was largely replaced by the Marshall Plan in 1948, which saw the U.S. distribute over 13 billion dollars across Western Europe. The final individual GARIOA payments were made in 1952; although payments via the program persisted in Asia until 1967.
