Economy of the OIC
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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) Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...
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 Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...
(at Purchasing power parity; 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 ( The Middle East). It is located at t ...
. 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 ...
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 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

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List of Organisation of Islamic Cooperation member states by population This is a list of 57 member states of the Organisation of Islamic Cooperation sorted by their estimated population. Population Muslim population 8 countries- Benin, Cameroon, Gabon, Guyana, Mozambique, Suriname, Togo and Uganda are not Mu ...
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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 Policies advocating Middle East economic integration aim to bring about peace, stability, and prosperity in the Middle East, which they believe can only be sustained over the long run via regional economic cooperation. Background Former U.S.&nb ...
*
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 The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power p ...


Notes


References


External links

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