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The economy of the
Organisation of Islamic Cooperation An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from ...
(OIC) combines the economies of 57 member states. 53 are predominantly Muslim states. , the combined GDP (nominal) of 49 Muslim majority countries was US$5.7 trillion. , they contributed 8% of the world's total. Those 57 OIC countries have a combined GDP (at
Purchasing power parity Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a bask ...
; PPP) of US$22.149 trillion. The richest country on the basis of GDP per capita at PPP is
United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (Middle East, The Middle East). It is ...
. On basis of per capita GDP,
Qatar Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it sh ...
is richest country with incomes exceeding US$133,357 per capita. According to a report by Salam Standard, the GDP impact of the world’s
Muslim Muslims ( ar, المسلمون, , ) are people who adhere to Islam, a monotheistic religion belonging to the Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God of Abrah ...
tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.


Statistics

''*Observer nations in italic'' ;Economic Growth for 5 years (GDP)


See also

* List of Organisation of Islamic Cooperation member states by population *
List of Organisation of Islamic Cooperation member states by GDP (PPP) This article includes a list of 57 member states of the Organisation of Islamic Cooperation (OIC) sorted by their gross domestic product (GDP) at purchasing power parity (PPP), the value of all final goods and services produced within a nation in ...
*
List of Organisation of Islamic Cooperation member states by exports This article includes a list of 57 member states of the Organisation of Islamic Cooperation sorted by their exports. Notes See also * Organisation of Islamic Cooperation * Economy of the Organisation of Islamic Cooperation * List of Organ ...
*
List of Organisation of Islamic Cooperation member states by imports This article includes a list of 57 member states of the Organisation of Islamic Cooperation sorted by their imports. Notes See also * Organisation of Islamic Cooperation An organization or organisation (Commonwealth English; see spel ...
* Middle East economic integration *
Economy of the Arab League The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years however, tourism has grown rapidly, becoming the fastest growing sector in ...
* Economy of the European Union


Notes


References


External links

*
Statistical, Economic and Social Research and Training Centre for Islamic CountriesIslamic Development Bank
{{Organisation of Islamic Cooperation Organisation of Islamic Cooperation Islamic economics