An organic light emitting diode including at least one emitting material layer, which includes a host and a dopant and at least one exciton energy control layer disposed adjacently to the at least one emitting material layer and an organic light emitting device having the same is disclosed. The at least one exciton energy control layer includes an organic compound that has excited state singlet and triplet energy levels lower than excited state singlet and triplet energy levels of the host. The organic light emitting diode can enhance its luminous efficiency and its luminous lifetime by incorporating one or more exciton energy control layers.