[4] The single was re-released in 1992 to raise funds for the ITV Telethon Charity event, but failed to chart.

Cash Box said that it "would be a great crack at a pop hit for any artist," that "the rhythm is gentle, yet persuasive; the harmonies are full of uplifting momentum" and "the lead vocal has a vulnerable quality similar to Peter Gabriel's work.

"[11] Ultimate Classic Rock critic Nick DeRiso rated it as Supertramp's all time best song, calling it a "singalong paean to the Golden Rule.

"[12] Gary Graff of Billboard rated "Give a Little Bit" as Supertramp's 10th best song, praising its "chiming 12-string acoustic guitar and Hodgson’s keening vocals.

On Sunday 1 July 2007, Roger Hodgson sang this song as his finale for his short set at the Concert for Diana, held at Wembley Stadium in London.

Princess Diana loved the song, and Hodgson said of the performance in her honor: "It was very wonderful when the audience all stood up, and the princes also, to sing 'Give a Little Bit' with me.

[16] After Hodgson's departure from Supertramp, the band included the song for the first time in their set list in 2002 during their One More for the Road Tour.

It was first covered (partially) in 2001, when guitarist and lead vocalist Johnny Rzeznik appeared in an ad for The Gap singing the song along with other artists.

The covers were created as part of the "Kids Help Out" public service announcement campaign designed by Cartoon Network to inspire viewers to support relief efforts toward the victims of the 2004 Indian Ocean earthquake and tsunami.