The album was recorded at Pathway Studios in Holloway, London Borough of Islington, over the course of 1976 during late-night studio sessions, in a total of twenty-four hours. It was the first of five consecutive Costello albums produced by Nick Lowe. The backing band was made up of members of Clover. They were uncredited on the original release due to contractual difficulties; some early publicity for the album identified the backing band as "The Shamrocks".
In 2003, the TV network VH1 named My Aim Is True the 80th greatest album of all time. In 2003, the album was ranked number 168 on Rolling Stone magazine's list of The 500 Greatest Albums of All Time. In 2004, it was ranked 37 of the top 100 albums of the 1970s by Pitchfork which reported the album to be "held by many as the most impressive debut in pop music history." In 2007, the album was inducted into the Grammy Hall of Fame.
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