Economy of the Organisation of Islamic Cooperation
 | This article needs to be updated. (April 2024) |
The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. As of 2013[update], the combined GDP (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 combined GDP (at Purchasing power parity; PPP) of US$ 24.183 trillion or US$ 29.983 trillion with observer countries. 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]
| GDP (nominal) | GDP (PPP) | GDP / capita | GDP / capita (PPP) | Exports | Imports | HDI | |
|---|---|---|---|---|---|---|---|
 Indonesia |
1,529,000,000,000 | 5,209,000,000,000 | 5,326 | 19,611 | 298,000,000,000 | 263,000,000,000 | 0.718 |
 Saudi Arabia |
1,114,000,000,000 | 2,225,000,000,000 | 33,291 | 65,880 | 370,900,000,000 | 291,000,000,000 | 0.857 |
 Turkey |
1,437,000,000,000 | 3,614,000,000,000 | 16,709 | 41,913 | 262,000,000,000 | 344,000,000,000 | 0.806 |
 Iran |
463,000,000,000 | 1,782,000,000,000 | 5,300 | 20,369 | 107,000,000,000 | 54,000,000,000 | 0.797 |
 Bangladesh
|
481,000,000,000 [1] | 1,801,000,000,000 | 2,773 | 10,370 | 60,500,000,000 | 70,100,000,000 | 0.661 |
 Egypt |
345,870,000,000 | 2,370,000,000,000 | 3,161 (2017 est) | 21,610 | 51,000,000,000 | 88,000,000,000 | 0.700 |
 Nigeria |
194,960,000,000 | 1,560,000,000,000 | 870 | 6,710 | 42,000,000,000 | 52,000,000,000 | 0.534 |
 Pakistan |
374,500,000,000 | 1,580,000,000,000 | 1,588 | 6,791 | 41,940,000,000 | 40,580,000,000 | 0.560 |
 Malaysia |
488,700,000,000 | 1,430,000,000,000 | 14,423 | 43,095 | 340,200,000,000 | 300,900,000,000 | 0.804 |
 United Arab Emirates |
568,000,000,000 | 908,000,000,000 | 51,290 | 82,000 | 306,700,000,000 | 229,000,000,000 | 0.866 |
 Algeria |
264,270,000,000 | 866,720,000,000 | 5,590 | 18,340 | 60,000,000,000 | 29,000,000,000 | 0.759 |
 Iraq |
270,870,000,000 | 694,480,000,000 | 5,923 | 15,260 | 127,079,000,000 | 69,162,000,000 | 0.689 |
 Kazakhstan |
296,000,000,000 | 693,000,000,000 | 14,788 | 41,366 | 78,700,000,000 | 61,200,000,000 | 0.817 |
 Kuwait |
153,100,000,000 | 260,403,000,000 | 32,289 | 51,200 | 95,476,000,000 | 63,430,000,000 | 0.808 |
 Qatar |
240,217,000,000 | 369,240,000,000 | 72,760 | 118,760 | 86,510,000,000 | 26,690,000,000 | 0.848 |
 Morocco |
168,600,000,000 | 418,450,000,000 | 4,670 | 11,100 | 45,690,000,000 | 76,410,000,000 | 0.676 |
 Oman |
188,000,000,000 | 222,060,000,000 | 20,631 | 41,652 | 69,701,000,000 | 46,326,000,000 | 0.834 |
 Libya |
46,923,000,000 | 168,371,000,000 | 7,133 | 12,073 | 19,720,000,000 | 10,820,000,000 | 0.708 |
 Uzbekistan |
57,892,000,000 | 371,346,000,000 | 1,455 | 7,791 | 11,380,000,000 | 3,800,000,000 | 0.710 |
 Azerbaijan |
47,926,500,000 | 190,237,000,000 | 4,764 | 18,911 | 15,690,000,000 | 10,060,000,000 | 0.754 |
 Tunisia |
41,956,700,000 | 149,094,000,000 | 3,568 | 12,682 | 14,220,000,000 | 12,860,000,000 | 0.739 |
 Yemen |
17,452,500,000 | 47,304,000,000 | 551 | 1,494 | 501,200,000 | 4,190,000,000 | 0.463 |
 Sudan |
43,160,800,000 | 209,751,000,000 | 992 | 4,724 | 3,808,000,000 | 6,823,000,000 | 0.507 |
 Lebanon |
56,379,400,000 | 94,661,000,000 | 11,775 | 19,987 | 4,051,000,000 | 8,855,000,000 | 0.730 |
 Jordan |
44,794,500,000 | 98,001,000,000 | 6,011 | 13,151 | 7,734,000,000 | 8,681,000,000 | 0.723 |
 Syria |
77,460,000,000 (2015 est) | 121,600,000,000 (2009 est) | 1,364 (2015 est) | 2,900 (2009 est) | 1,786,000,000 | 5,973,000,000 | 0.549 |
 Turkmenistan |
46,401,900,000 | 121,303,000,000 | 7,963 | 20,817 | 7,394,000,000 | 4,175,000,000 | 0.710 |
 Afghanistan |
22,925,700,000 | 76,714,000,000 | 627 | 2,101 | 784,000,000 | 3,870,000,000 | 0.496 |
 Cameroon |
41,748,000,000 | 100,920,000,000 | 1,636 | 3,956 | 5,158,000,000 | 2,514,000,000 | 0.553 |
 Ivory Coast |
52,979,300,000 | 116,397,000,000 | 2,016 | 4,430 | 11,080,000,000 | 4,759,000,000 | 0.516 |
 Uganda |
29,690,000,000 | 103,138,000,000 | 742 | 2,578 | 2,902,000,000 | 1,608,000,000 | 0.528 |
 Bahrain |
39,703,100,000 | 77,590,000,000 | 26,277 | 51,354 | 14,330,000,000 | 7,830,000,000 | 0.838 |
 Senegal |
21,722,700,000 | 51,758,000,000 | 1,293 | 3,082 | 2,546,000,000 | 2,405,000,000 | 0.514 |
 Albania |
16,146,900,000 | 40,451,000,000 | 5,626 | 14,095 | 960,900,000 | 2,473,000,000 | 0.791 |
 Gabon |
18,096,500,000 | 40,871,000,000 | 9,233 | 20,854 | 5,078,000,000 | 1,533,000,000 | 0.702 |
 Mozambique |
15,017,000,000 | 40,506,000,000 | 481 | 1,300 | 4,773,000,000 | 2,041,000,000 | 0.446 |
 Brunei |
14,791,100,000 | 38,216,000,000 | 33,623 | 86,873 | 5,776,000,000 | 1,641,000,000 | 0.845 |
 Burkina Faso |
15,867,600,000 | 42,026,000,000 | 793 | 2,101 | 2,797,000,000 | 992,000,000 | 0.423 |
 Chad |
12,240,900,000 | 31,759,000,000 | 956 | 2,480 | 2,438,000,000 | 749,100,000 | 0.401 |
 Mali |
19,247,700,000 | 47,097,000,000 | 954 | 2,336 | 3,036,000,000 | 1,858,000,000 | 0.427 |
 Tajikistan |
8,176,100,000 | 32,077,000,000 | 887 | 3,482 | 794,700,000 | 1,250,000,000 | 0.656 |
 Benin |
12,200,000,000 | 29,845,000,000 | 1,040 | 2,546 | 1,760,000,000 | 1,043,000,000 | 0.520 |
 Kyrgyzstan |
8,029,300,000 | 26,030,000,000 | 1,231 | 3,994 | 1,768,000,000 | 937,400,000 | 0.674 |
 Niger |
10,717,700,000 | 25,274,000,000 | 537 | 1,267 | 1,177,000,000 | 588,000,000 | 0.377 |
 Guinea |
11,698,800,000 | 30,980,000,000 | 858 | 2,273 | 2,115,000,000 | 680,000,000 | 0.466 |
 Mauritania |
5,540,500,000 | 19,342,000,000 | 1,365 | 4,765 | 1,606,000,000 | 1,124,000,000 | 0.527 |
 Sierra Leone |
3,976,200,000 | 13,134,000,000 | 513 | 1,697 | 836,800,000 | 531,000,000 | 0.438 |
 Togo |
6,078,600,000 | 14,925,000,000 | 740 | 1,819 | 1,002,000,000 | 1,047,000,000 | 0.513 |
 Suriname |
4,226,900,000 | 9,197,200,000 | 7,076 | 15,398 | 1,976,000,000 | 750,000,000 | 0.724 |
 Guyana |
3,911,700,000 | 7,050,000,000 | 5,046 | 9,097 | 1,474,000,000 | 681,600,000 | 0.670 |
 Somalia |
8,210,000,000 | 20,560,000,000 | 744 | 1,863 | 819,000,000 | 576,000,000 | 0.351 |
 Maldives |
5,169,800,000 | 7,935,500,000 | 13,902 | 21,344 | 256,200,000 | 567,000,000 | 0.719 |
 Gambia |
1,159,290,000 | 4,174,000,000 | 517 | 1,865 | 109,700,000 | 197,000,000 | 0.466 |
 Guinea-Bissau |
1,728,651,000 | 3,648,200,000 | 972 | 2,054 | 281,200,000 | 176,000,000 | 0.461 |
 Djibouti |
2,380,300,000 | 4,321,500,000 | 2,207 | 4,006 | 155,500,000 | 987,000,000 | 0.495 |
 Comoros |
781,300,900 | 1,457,000,000 | 894 | 1,669 | 18,400,000 | 115,000,000 | 0.538 |
 Palestine |
9,828,000,000 | 21,220,000,000 | 3,576 | 7,722 | 1,955,000,000 | 6,476,000,000 | 0.690 |
 OIC |
9,428,050,000,000,000 | 30,250,400,000,000 | 4,187 | 13,358 | 1,746,527,600,000 | 1,620,011,100,000 | 0.672 |
| OIC (% of World)
|
9.49% | 17.79% | 34.00% | 64.70% | 8.74% | 1.86% | |
 Russia |
2,196,000,000,000 | 7,130,000,000,000 | 15,077 | 48,957 | 465,430,000,000 | 378,610,000,00 | 0.824 |
 Thailand |
545,340,000,000 | 1,857,000,000,000 | 8,900 | 26,416 | 300,520,000,000 | 306,800,000 | 0.765 |
 Bosnia and Herzegovina |
23,358,000,000 | 49,802,000,000 | 6,140 | 14,221 | 4,803,000,000 | 9,294,000,000 | 0.769 |
 Central African Republic |
2,334,200,000 | 3,812,000,000 | 450 | 735 | 118,500,000 | 237,300,000 | 0.381 |
 Northern Cyprus |
4,234,000,000 | 35,195,000,000 | 30,520 | 40,751 | 2,905,000,000 | 7,884,000,000 | 0.869 |
| OIC observer states | 2,771,226,000,000 | 9,075,809,000,000 | 10,386 | 25,919 | 892,203,000,000 | 704,961,000,000 | |
| OIC (Including observer)
|
12,199,316,000,000 | 39,326,209,500,000 | 4,869 | 14,470 | 2,319,354,100,000 | 1,881,226,400,000 | |
| % of World | 12.40% | 22.06% | 39.52% | 70.89% | 11.61% | 10.05% | |
 World |
79,865,481,000,000 | 126,687,917,000,000 | 12,230 | 20,645 | 17,779,000,000,000 | 17,779,000,000,000 | 0.731 |
*Observer nations in italic
- Economic Growth for 5 years (GDP)
| Country | 2003 | 2004 | 2005 | 2006 | 2007 | 5 Yr Avg. |
|---|---|---|---|---|---|---|
| Azerbaijan |
10.4 | 10.2 | 24.3 | 25.6 | 26.4 | 19.4 |
| Afghanistan |
15.7 | 8.0 | 14.0 | 12.0 | 11.1 | 12.2 |
| Chad |
14.7 | 31.3 | 12.2 | 0.1 | 2.5 | 12.2 |
| Turkmenistan |
17.1 | 14.7 | 9.6 | 9.0 | 9.0 | 11.9 |
| United Arab Emirates |
11.9 | 9.7 | 8.5 | 11.5 | 5.8 | 9.5 |
| Kazakhstan |
9.3 | 9.6 | 9.4 | 8.3 | 7.7 | 8.9 |
| Tajikistan |
10.2 | 10.6 | 6.7 | 8.0 | 6.0 | 8.3 |
| Sudan |
4.9 | 5.2 | 7.9 | 12.1 | 11.3 | 8.3 |
| Mauritania |
5.6 | 5.2 | 5.4 | 14.1 | 10.6 | 8.2 |
| Kuwait |
13.4 | 6.2 | 8.5 | 6.2 | 4.7 | 7.8 |
| Mozambique |
7.9 | 7.5 | 7.7 | 7.9 | 7.0 | 7.6 |
| Sierra Leone |
9.3 | 7.4 | 7.2 | 7.4 | 6.5 | 7.6 |
| Nigeria |
10.7 | 6.0 | 6.9 | 5.2 | 6.4 | 7.0 |
| Qatar |
5.9 | 11.2 | 6.5 | 6.7 | 4.7 | 7.0 |
| Pakistan |
4.9 | 7.4 | 8.0 | 6.2 | 7.0 | 6.7 |
| Uzbekistan |
4.2 | 7.7 | 7.0 | 7.2 | 7.0 | 6.6 |
| Bahrain |
7.2 | 5.4 | 6.9 | 7.1 | 6.3 | 6.6 |
| Turkey |
5.8 | 8.9 | 7.4 | 5.0 | 5.0 | 6.4 |
| Saudi Arabia |
7.7 | 5.3 | 6.6 | 5.8 | 6.5 | 6.4 |
| Jordan |
4.2 | 8.4 | 7.2 | 6.0 | 5.0 | 6.2 |
| Bangladesh |
5.8 | 6.1 | 6.2 | 6.2 | 6.2 | 6.1 |
| Burkina Faso |
7.9 | 4.0 | 7.1 | 5.6 | 5.8 | 6.1 |
| Maldives |
8.5 | 9.5 | -5.5 | 13.0 | 4.0 | 5.9 |
 Malaysia |
5.5 | 7.2 | 5.2 | 5.5 | 5.8 | 5.8 |
| Albania |
5.7 | 5.9 | 5.5 | 5.0 | 6.0 | 5.6 |
| Iran |
6.7 | 5.6 | 5.4 | 5.4 | 4.9 | 5.6 |
| Tunisia |
5.6 | 6.0 | 4.2 | 5.8 | 6.0 | 5.5 |
| Uganda |
4.4 | 5.7 | 6.0 | 5.5 | 6.0 | 5.5 |
| Algeria |
6.9 | 5.2 | 5.3 | 4.9 | 5.0 | 5.5 |
| Oman |
2.0 | 5.6 | 6.7 | 7.1 | 5.7 | 5.4 |
| Senegal |
6.7 | 5.6 | 5.5 | 4.0 | 5.3 | 5.4 |
| Suriname |
5.3 | 7.8 | 5.1 | 4.5 | 4.4 | 5.4 |
| Libya |
9.1 | 4.6 | 3.5 | 5.0 | 4.6 | 5.4 |
| Indonesia |
4.8 | 5.1 | 5.6 | 5.2 | 6.0 | 5.3 |
| Gambia |
6.9 | 5.1 | 5.0 | 4.5 | 5.0 | 5.3 |
| Mali |
7.2 | 2.4 | 6.1 | 5.1 | 5.4 | 5.2 |
| Kyrgyzstan |
7.0 | 7.0 | -0.6 | 5.0 | 5.5 | 4.8 |
| Egypt |
3.1 | 4.1 | 4.9 | 5.6 | 5.6 | 4.7 |
| Morocco |
5.5 | 4.2 | 1.7 | 7.3 | 3.3 | 4.4 |
| Benin |
3.9 | 3.1 | 2.9 | 4.5 | 5.1 | 3.9 |
| Niger |
5.3 | -0.6 | 7.0 | 3.5 | 4.2 | 3.9 |
| Cameroon |
4.0 | 3.7 | 2.6 | 4.2 | 4.3 | 3.8 |
| Djibouti |
3.2 | 3.0 | 3.2 | 4.2 | 5.0 | 3.7 |
| Guinea |
1.2 | 2.7 | 3.3 | 5.0 | 5.4 | 3.5 |
| Yemen |
3.1 | 2.6 | 3.8 | 3.9 | 2.5 | 3.2 |
| Guinea-Bissau |
-0.6 | 2.2 | 3.2 | 4.6 | 5.2 | 2.9 |
| Togo |
1.9 | 3.0 | 0.8 | 4.2 | 4.5 | 2.9 |
| Syria |
1.0 | 3.1 | 2.9 | 3.2 | 3.7 | 2.8 |
| Lebanon |
5.0 | 6.0 | 1.0 | -3.2 | 5.0 | 2.8 |
| Gabon |
2.4 | 1.4 | 2.9 | 2.2 | 2.5 | 2.3 |
| Comoros |
2.5 | -0.2 | 4.2 | 1.2 | 3.0 | 2.1 |
| Brunei |
2.9 | 0.5 | 0.4 | 3.7 | 2.6 | 2.0 |
| Ivory Coast |
-1.5 | 1.8 | 1.9 | 1.9 | 3.0 | 1.4 |
| Guyana |
-0.7 | 1.6 | -3.0 | 3.5 | 4.1 | 1.1 |
| Iraq |
- | - | - | - | - | - |
| Palestine |
- | - | - | - | - | - |
| Somalia |
- | - | - | - | - | - |
| Average | 6.1 | 6.0 | 5.5 | 6.1 | 5.9 | 5.9 |
See also
[edit]- List of Organisation of Islamic Cooperation member states by GDP per capita (PPP)
- List of Organisation of Islamic Cooperation member states by population
- List of Organisation of Islamic Cooperation member states by GDP (PPP)
- List of Organisation of Islamic Cooperation member states by exports
- List of Organisation of Islamic Cooperation member states by imports
- Middle East economic integration
- Economy of the Arab League
- Economy of the European Union
Notes
[edit]- ^ CIA - The World Factbook.
- ^ IMF - World Economic Outlook Database, September 2006, Data for Iraq, Somalia, & Palestine is not available on this site.
References
[edit]- ^ "Economies of the ummah". Archived from the original on 16 December 2017. Retrieved 16 December 2017.
- ^ "Muslim countries make thin contribution to global economy". 22 September 2016. Archived from the original on 13 August 2018. Retrieved 16 December 2017.
- ^ "Muslim tourism sector said to be worth over $138bn, and growing". Arabian Business. Retrieved 2016-12-16.