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^[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	1,801,000,000,000	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

^{[Note 1]}

*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

^{[Note 2]}

See also

• 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

1. CIA - The World Factbook.
2. IMF - World Economic Outlook Database, September 2006, Data for Iraq, Somalia, & Palestine is not available on this site.