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Economy of the Organisation of Islamic Cooperation

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This article needs to beupdated. Please help update this article to reflect recent events or newly available information.(April 2024)

Theeconomy of theOrganisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. As of 2013[update], the combinedGDP (nominal) of 51* Muslim majority countries was US$ 12.97  trillion.[1] As of 2016[update], they contributed 8% of the world's total.[2] Those 57* OIC countries in 2024 have a combinedGDP (atPurchasing power parity; PPP) of US$24.183trillion or US$29.983trillion with observer countries. The largest economic country based on total PPP and Nominal GDP isIndonesia. The richest country on the basis of GDP per capita atPPP isQatar, with incomes exceeding $133,357 per capita. On the basis of per capita GDP, Qatar is also the richest country, with incomes exceeding US$68,977 per capita. According to a report by Salam Standard, the GDP impact of the world’sMuslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.[3]

GDP (nominal)GDP (PPP)GDP / capitaGDP / capita (PPP)ExportsImportsHDI
Indonesia1,529,000,000,0005,209,000,000,0005,32619,611298,000,000,000263,000,000,0000.718
 Saudi Arabia1,114,000,000,0002,225,000,000,00033,29165,880370,900,000,000291,000,000,0000.857
 Turkey1,437,000,000,0003,614,000,000,00016,70941,913262,000,000,000344,000,000,0000.806
 Iran463,000,000,0001,782,000,000,0005,30020,369107,000,000,00054,000,000,0000.797
 Bangladesh481,000,000,000[1]1,801,000,000,0002,77310,37060,500,000,00070,100,000,0000.661
 Egypt345,870,000,0002,370,000,000,0003,161 (2017 est)21,61051,000,000,00088,000,000,0000.700
 Nigeria194,960,000,0001,560,000,000,0008706,71042,000,000,00052,000,000,0000.534
 Pakistan374,500,000,0001,580,000,000,0001,5886,79141,940,000,00040,580,000,0000.560
Malaysia488,700,000,0001,430,000,000,00014,42343,095340,200,000,000300,900,000,0000.804
 United Arab Emirates568,000,000,000908,000,000,00051,29082,000306,700,000,000229,000,000,0000.866
 Algeria264,270,000,000866,720,000,0005,59018,34060,000,000,00029,000,000,0000.759
 Iraq270,870,000,000694,480,000,0005,92315,260127,079,000,00069,162,000,0000.689
 Kazakhstan296,000,000,000693,000,000,00014,78841,36678,700,000,00061,200,000,0000.817
 Kuwait153,100,000,000260,403,000,00032,28951,20095,476,000,00063,430,000,0000.808
 Qatar240,217,000,000369,240,000,00072,760118,76086,510,000,00026,690,000,0000.848
 Morocco168,600,000,000418,450,000,0004,67011,10045,690,000,00076,410,000,0000.676
 Oman188,000,000,000222,060,000,00020,63141,65269,701,000,00046,326,000,0000.834
 Libya46,923,000,000168,371,000,0007,13312,07319,720,000,00010,820,000,0000.708
 Uzbekistan57,892,000,000371,346,000,0001,4557,79111,380,000,0003,800,000,0000.710
 Azerbaijan47,926,500,000190,237,000,0004,76418,91115,690,000,00010,060,000,0000.754
 Tunisia41,956,700,000149,094,000,0003,56812,68214,220,000,00012,860,000,0000.739
 Yemen17,452,500,00047,304,000,0005511,494501,200,0004,190,000,0000.463
 Sudan43,160,800,000209,751,000,0009924,7243,808,000,0006,823,000,0000.507
 Lebanon56,379,400,00094,661,000,00011,77519,9874,051,000,0008,855,000,0000.730
 Jordan44,794,500,00098,001,000,0006,01113,1517,734,000,0008,681,000,0000.723
 Syria77,460,000,000 (2015 est)121,600,000,000 (2009 est)1,364 (2015 est)2,900 (2009 est)1,786,000,0005,973,000,0000.549
 Turkmenistan46,401,900,000121,303,000,0007,96320,8177,394,000,0004,175,000,0000.710
Afghanistan22,925,700,00076,714,000,0006272,101784,000,0003,870,000,0000.496
 Cameroon41,748,000,000100,920,000,0001,6363,9565,158,000,0002,514,000,0000.553
 Ivory Coast52,979,300,000116,397,000,0002,0164,43011,080,000,0004,759,000,0000.516
 Uganda29,690,000,000103,138,000,0007422,5782,902,000,0001,608,000,0000.528
 Bahrain39,703,100,00077,590,000,00026,27751,35414,330,000,0007,830,000,0000.838
 Senegal21,722,700,00051,758,000,0001,2933,0822,546,000,0002,405,000,0000.514
 Albania16,146,900,00040,451,000,0005,62614,095960,900,0002,473,000,0000.791
 Gabon18,096,500,00040,871,000,0009,23320,8545,078,000,0001,533,000,0000.702
 Mozambique15,017,000,00040,506,000,0004811,3004,773,000,0002,041,000,0000.446
 Brunei14,791,100,00038,216,000,00033,62386,8735,776,000,0001,641,000,0000.845
 Burkina Faso15,867,600,00042,026,000,0007932,1012,797,000,000992,000,0000.423
 Chad12,240,900,00031,759,000,0009562,4802,438,000,000749,100,0000.401
 Mali19,247,700,00047,097,000,0009542,3363,036,000,0001,858,000,0000.427
 Tajikistan8,176,100,00032,077,000,0008873,482794,700,0001,250,000,0000.656
 Benin12,200,000,00029,845,000,0001,0402,5461,760,000,0001,043,000,0000.520
 Kyrgyzstan8,029,300,00026,030,000,0001,2313,9941,768,000,000937,400,0000.674
 Niger10,717,700,00025,274,000,0005371,2671,177,000,000588,000,0000.377
 Guinea11,698,800,00030,980,000,0008582,2732,115,000,000680,000,0000.466
 Mauritania5,540,500,00019,342,000,0001,3654,7651,606,000,0001,124,000,0000.527
 Sierra Leone3,976,200,00013,134,000,0005131,697836,800,000531,000,0000.438
 Togo6,078,600,00014,925,000,0007401,8191,002,000,0001,047,000,0000.513
 Suriname4,226,900,0009,197,200,0007,07615,3981,976,000,000750,000,0000.724
 Guyana3,911,700,0007,050,000,0005,0469,0971,474,000,000681,600,0000.670
 Somalia8,210,000,00020,560,000,0007441,863819,000,000576,000,0000.351
 Maldives5,169,800,0007,935,500,00013,90221,344256,200,000567,000,0000.719
 Gambia1,159,290,0004,174,000,0005171,865109,700,000197,000,0000.466
 Guinea-Bissau1,728,651,0003,648,200,0009722,054281,200,000176,000,0000.461
 Djibouti2,380,300,0004,321,500,0002,2074,006155,500,000987,000,0000.495
 Comoros781,300,9001,457,000,0008941,66918,400,000115,000,0000.538
 Palestine9,828,000,00021,220,000,0003,5767,7221,955,000,0006,476,000,0000.690
OIC9,428,050,000,000,00030,250,400,000,0004,18713,3581,746,527,600,0001,620,011,100,0000.672
OIC (% of World)9.49%17.79%34.00%64.70%8.74%1.86%
 Russia2,196,000,000,0007,130,000,000,00015,07748,957465,430,000,000378,610,000,000.824
 Thailand545,340,000,0001,857,000,000,0008,90026,416300,520,000,000306,800,0000.765
 Bosnia and Herzegovina23,358,000,00049,802,000,0006,14014,2214,803,000,0009,294,000,0000.769
 Central African Republic2,334,200,0003,812,000,000450735118,500,000237,300,0000.381
 Northern Cyprus4,234,000,00035,195,000,00030,52040,7512,905,000,0007,884,000,0000.869
OIC observer states2,771,226,000,0009,075,809,000,00010,38625,919892,203,000,000704,961,000,000
OIC (Including observer)12,199,316,000,00039,326,209,500,0004,86914,4702,319,354,100,0001,881,226,400,000
% of World12.40%22.06%39.52%70.89%11.61%10.05%
World79,865,481,000,000126,687,917,000,00012,23020,64517,779,000,000,00017,779,000,000,0000.731
[Note 1]

*Observer nations in italic

Economic Growth for 5 years (GDP)
Country200320042005200620075 Yr Avg.
 Azerbaijan10.410.224.325.626.419.4
Afghanistan15.78.014.012.011.112.2
 Chad14.731.312.20.12.512.2
 Turkmenistan17.114.79.69.09.011.9
 United Arab Emirates11.99.78.511.55.89.5
 Kazakhstan9.39.69.48.37.78.9
 Tajikistan10.210.66.78.06.08.3
 Sudan4.95.27.912.111.38.3
 Mauritania5.65.25.414.110.68.2
 Kuwait13.46.28.56.24.77.8
 Mozambique7.97.57.77.97.07.6
 Sierra Leone9.37.47.27.46.57.6
 Nigeria10.76.06.95.26.47.0
 Qatar5.911.26.56.74.77.0
 Pakistan4.97.48.06.27.06.7
 Uzbekistan4.27.77.07.27.06.6
 Bahrain7.25.46.97.16.36.6
 Turkey5.88.97.45.05.06.4
 Saudi Arabia7.75.36.65.86.56.4
 Jordan4.28.47.26.05.06.2
 Bangladesh5.86.16.26.26.26.1
 Burkina Faso7.94.07.15.65.86.1
 Maldives8.59.5-5.513.04.05.9
 Malaysia5.57.25.25.55.85.8
 Albania5.75.95.55.06.05.6
 Iran6.75.65.45.44.95.6
 Tunisia5.66.04.25.86.05.5
 Uganda4.45.76.05.56.05.5
 Algeria6.95.25.34.95.05.5
 Oman2.05.66.77.15.75.4
 Senegal6.75.65.54.05.35.4
 Suriname5.37.85.14.54.45.4
 Libya9.14.63.55.04.65.4
 Indonesia4.85.15.65.26.05.3
 Gambia6.95.15.04.55.05.3
 Mali7.22.46.15.15.45.2
 Kyrgyzstan7.07.0-0.65.05.54.8
 Egypt3.14.14.95.65.64.7
 Morocco5.54.21.77.33.34.4
 Benin3.93.12.94.55.13.9
 Niger5.3-0.67.03.54.23.9
 Cameroon4.03.72.64.24.33.8
 Djibouti3.23.03.24.25.03.7
 Guinea1.22.73.35.05.43.5
 Yemen3.12.63.83.92.53.2
 Guinea-Bissau-0.62.23.24.65.22.9
 Togo1.93.00.84.24.52.9
 Syria1.03.12.93.23.72.8
 Lebanon5.06.01.0-3.25.02.8
 Gabon2.41.42.92.22.52.3
 Comoros2.5-0.24.21.23.02.1
 Brunei2.90.50.43.72.62.0
 Ivory Coast-1.51.81.91.93.01.4
 Guyana-0.71.6-3.03.54.11.1
 Iraq------
 Palestine------
 Somalia------
Average6.16.05.56.15.95.9

[Note 2]

See also

[edit]

Notes

[edit]
  1. ^CIA - The World Factbook.
  2. ^IMF - World Economic Outlook Database, September 2006, Data for Iraq, Somalia, & Palestine is not available on this site.

References

[edit]
  1. ^"Economies of the ummah".Archived from the original on 16 December 2017. Retrieved16 December 2017.
  2. ^"Muslim countries make thin contribution to global economy". 22 September 2016.Archived from the original on 13 August 2018. Retrieved16 December 2017.
  3. ^"Muslim tourism sector said to be worth over $138bn, and growing".Arabian Business. Retrieved2016-12-16.

External links

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  • 1 As the "Turkish Cypriot State".
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