Economy of the Organisation of Islamic Cooperation

The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 57 member states. 53 are predominantly Muslim states. As of 2013, the combined GDP (nominal) of 49 Muslim majority countries was US$5.7 trillion.[1] As of 2016, they contributed 8% of the world's total.[2] Those 57 OIC countries have a combined GDP (at Purchasing power parity; PPP) of US$22.149 trillion. The largest economic country based on total PPP and Nominal GDP is Indonesia. The richest country on the basis of GDP per capita at PPP is Qatar, 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’s Muslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.[3]

Statistics

GDP (nominal)GDP (PPP) GDP / capitaGDP / capita (PPP)ExportsImportsHDI
 Indonesia1,991,778,000,0004,398,729,000,000 5,01614,009288,800,000,000185,900,000,0000.718
 Saudi Arabia1,080,000,000,0002,300,967,000,000 29,92257,041231,300,000,000136,800,000,0000.857
 Turkey1,060,000,000,0003,572,551,000,000 11,60229,741157,300,000,000242,900,000,0000.806
 Iran367,547,300,0001,691,819,000,000 4,96122,32091,990,000,00059,000,000,0000.797
 Bangladesh 460,000,000,000 1,475,164,000,000 2,210790044,530,000,00040,690,000,0000.672
 Egypt471,38,000,0001,803,584,000,000 2,501 (2017 est)14,04523,530,000,00059,220,000,0000.700
 Nigeria510,588,000,0001,372,624,000,000 2,3876,10720,810,000,00040,260,000,0000.534
 Pakistan431,000,000,0001,582,988,000,000 1,9015,95841,940,000,00040,580,000,0000.560
 Malaysia439,373,000,0001,230,823,000,000 12,24032,673198,200,000,000192,900,000,0000.804
 United Arab Emirates501,354,000,000890,171,000,000 39,80270,143314,700,000,000273,500,000,0000.866
 Algeria206,011,000,000620,971,000,000 4,84516,24633,150,000,00022,530,000,0000.759
 Iraq297,341,000,000560,307,000,000 5,70918,21656,740,000,00056,890,000,0000.689
 Kazakhstan179,323,000,000652,597,000,000 10,16528,25449,290,000,00042,820,000,0000.817
 Kuwait186,610,000,000259,640,000,000 30,10968,82254,090,000,00036,540,000,0000.808
 Qatar193,906,000,000326,731,000,000 68,977133,35756,260,000,0006,706,000,0000.848
 Morocco129,033,000,000387,233,000,000 3,6259,40024,570,000,00045,830,000,0000.676
 Oman85,636,500,000201,531,000,000 19,48747,18331,900,000,0008,709,000,0000.834
 Libya46,923,000,000168,371,000,000 7,13312,07319,720,000,00010,820,000,0000.708
 Uzbekistan57,892,000,000371,346,000,000 1,4557,79111,380,000,0003,800,000,0000.710
 Azerbaijan47,926,500,000190,237,000,000 4,76418,91115,690,000,00010,060,000,0000.754
 Tunisia41,956,700,000149,094,000,000 3,56812,68214,220,000,00012,860,000,0000.739
 Yemen17,452,500,00047,304,000,000 5511,494501,200,0004,190,000,0000.463
 Sudan43,160,800,000209,751,000,000 9924,7243,808,000,0006,823,000,0000.507
 Lebanon56,379,400,00094,661,000,000 11,77519,9874,051,000,0008,855,000,0000.730
 Jordan44,794,500,00098,001,000,000 6,01113,1517,734,000,0008,681,000,0000.723
 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
 Turkmenistan46,401,900,000121,303,000,000 7,96320,8177,394,000,0004,175,000,0000.710
 Afghanistan22,925,700,00076,714,000,000 6272,101784,000,0003,870,000,0000.496
 Cameroon41,748,000,000100,920,000,000 1,6363,9565,158,000,0002,514,000,0000.553
 Ivory Coast52,979,300,000116,397,000,000 2,0164,43011,080,000,0004,759,000,0000.516
 Uganda29,690,000,000103,138,000,000 7422,5782,902,000,0001,608,000,0000.528
 Bahrain39,703,100,00077,590,000,000 26,27751,35414,330,000,0007,830,000,0000.838
 Senegal21,722,700,00051,758,000,000 1,2933,0822,546,000,0002,405,000,0000.514
 Albania16,146,900,00040,451,000,000 5,62614,095960,900,0002,473,000,0000.791
 Gabon18,096,500,00040,871,000,000 9,23320,8545,078,000,0001,533,000,0000.702
 Mozambique15,017,000,00040,506,000,000 4811,3004,773,000,0002,041,000,0000.446
 Brunei14,791,100,00038,216,000,000 33,62386,8735,776,000,0001,641,000,0000.845
 Burkina Faso15,867,600,00042,026,000,000 7932,1012,797,000,000992,000,0000.423
 Chad12,240,900,00031,759,000,000 9562,4802,438,000,000749,100,0000.401
 Mali19,247,700,00047,097,000,000 9542,3363,036,000,0001,858,000,0000.427
 Tajikistan8,176,100,00032,077,000,000 8873,482794,700,0001,250,000,0000.656
 Benin12,200,000,00029,845,000,000 1,0402,5461,760,000,0001,043,000,0000.520
 Kyrgyzstan8,029,300,00026,030,000,000 1,2313,9941,768,000,000937,400,0000.674
 Niger10,717,700,00025,274,000,000 5371,2671,177,000,000588,000,0000.377
 Guinea11,698,800,00030,980,000,000 8582,2732,115,000,000680,000,0000.466
 Mauritania5,540,500,00019,342,000,000 1,3654,7651,606,000,0001,124,000,0000.527
 Sierra Leone3,976,200,00013,134,000,000 5131,697836,800,000531,000,0000.438
 Togo6,078,600,00014,925,000,000 7401,8191,002,000,0001,047,000,0000.513
 Suriname4,226,900,0009,197,200,000 7,07615,3981,976,000,000750,000,0000.724
 Guyana3,911,700,0007,050,000,000 5,0469,0971,474,000,000681,600,0000.670
 Somalia8,210,000,00020,560,000,000 7441,863819,000,000576,000,0000.351
 Maldives5,169,800,0007,935,500,000 13,90221,344256,200,000567,000,0000.719
 Gambia1,159,290,0004,174,000,000 5171,865109,700,000197,000,0000.466
 Guinea-Bissau1,728,651,0003,648,200,000 9722,054281,200,000176,000,0000.461
 Djibouti2,380,300,0004,321,500,000 2,2074,006155,500,000987,000,0000.495
 Comoros781,300,9001,457,000,000 8941,66918,400,000115,000,0000.538
 Palestine9,828,000,00021,220,000,000 3,5767,7221,955,000,0006,476,000,0000.690
 OIC7,580,179,168,73924,183,456,500,000 7,360 17,7411,746,527,600,0001,620,011,100,0000.672
 OIC (% of World) 9.49% 17.79% 68.61% 105.73% 8.74% 1.86%
 Russia1,829,000,000,0004,322,616,000,000 12,19130,039336,800,000,000121,900,000,0000.824
 Thailand522,012,000,0001,389,606,000,000 7,51020,066228,200,000,000121,900,000,0000.765
 Bosnia and Herzegovina23,358,000,00049,802,000,000 6,14014,2214,803,000,0009,294,000,0000.769
 Central African Republic2,334,200,0003,812,000,000 450735118,500,000237,300,0000.381
 Northern Cyprus4,234,000,00035,195,000,000 30,52040,7512,905,000,0007,884,000,0000.869
OIC observer states2,324,554,600,0005,801,031,000,000 11,362 21,162572,826,500,000261,215,300,000
 OIC (Including observer) 9,904,733,768,739 29,984,487,500,000 9,361 19,451 2,319,354,100,000 1,881,226,400,000
% of World12.40%22.06% 87.26% 115.92%11.61%10.05%
World79,865,481,000,000126,687,917,000,000 10,728 16,77917,779,000,000,00017,779,000,000,0000.731
[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

Notes

  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

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