An organic light emitting diode includes a first electrode, a hole transport region disposed on the first electrode, an emission layer disposed on the hole transport region, an electron transport region disposed on the emission layer, and a second electrode disposed on the electron transport region. The hole transport region includes a first hole transport layer which is directly disposed on the lower portion of the emission layer and has a first refractive index, and a second hole transport layer which is disposed on the lower portion of the first hole transport layer and has a second refractive index, thereby exhibiting an improved luminous efficiency characteristic.