Economy of the Organisation of Islamic Cooperation explained

The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states., the combined GDP (nominal) of 48* Muslim majority countries was US$ 12.97  trillion.[1], they contributed 8% of the world's total.[2] Those 57* OIC countries have a combined GDP (at Purchasing power parity; PPP) of US$ 23.948 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

Economic Growth for 5 years (GDP)
Country 2003 2004 2005 2006 2007 5 Yr Avg.
10.410.224.325.626.419.4
15.78.014.012.011.112.2
14.731.312.20.12.512.2
17.114.79.69.09.011.9
11.99.78.511.55.89.5
9.39.69.48.37.78.9
10.210.66.78.06.08.3
4.95.27.912.111.38.3
5.65.25.414.110.68.2
13.46.28.56.24.77.8
7.97.57.77.97.07.6
9.37.47.27.46.57.6
10.76.06.95.26.47.0
5.911.26.56.74.77.0
4.97.48.06.27.06.7
4.27.77.07.27.06.6
7.25.46.97.16.36.6
5.88.97.45.05.06.4
7.75.36.65.86.56.4
4.28.47.26.05.06.2
5.86.16.26.26.26.1
7.94.07.15.65.86.1
8.59.5-5.513.04.05.9
5.57.25.25.55.85.8
5.75.95.55.06.05.6
6.75.65.45.44.95.6
5.66.04.25.86.05.5
4.45.76.05.56.05.5
6.95.25.34.95.05.5
2.05.66.77.15.75.4
6.75.65.54.05.35.4
5.37.85.14.54.45.4
9.14.63.55.04.65.4
4.85.15.65.26.05.3
6.95.15.04.55.05.3
7.22.46.15.15.45.2
7.07.0-0.65.05.54.8
3.14.14.95.65.64.7
5.54.21.77.33.34.4
3.93.12.94.55.13.9
5.3-0.67.03.54.23.9
4.03.72.64.24.33.8
3.23.03.24.25.03.7
1.22.73.35.05.43.5
3.12.63.83.92.53.2
-0.62.23.24.65.22.9
1.93.00.84.24.52.9
1.03.12.93.23.72.8
5.06.01.0-3.25.02.8
2.41.42.92.22.52.3
2.5-0.24.21.23.02.1
2.90.50.43.72.62.0
-1.51.81.91.93.01.4
-0.71.6-3.03.54.11.1
------
------
------
Average6.16.05.56.15.95.9

See also

External links

Notes and References

  1. News: Economies of the ummah. 16 December 2017. https://web.archive.org/web/20171216224140/https://www.dawn.com/news/1035026. 16 December 2017. live.
  2. Web site: Muslim countries make thin contribution to global economy. 22 September 2016. 16 December 2017. https://web.archive.org/web/20180813011442/https://tribune.com.pk/story/1186109/trailing-behind-muslim-states-make-thin-contribution-global-economy/. 13 August 2018. live.
  3. News: Muslim tourism sector said to be worth over $138bn, and growing. Arabian Business. 2016-12-16.