Economy of the Organisation of Islamic Cooperation
The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. As of 2013, the combined GDP (nominal) of 51* Muslim majority countries was US$ 12.97 trillion. As of 2016, they contributed 8% of the world's total. 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.
| 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 | 1,801,000,000,000 | 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 |