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The economy of the
Organisation of Islamic Cooperation The Organisation of Islamic Cooperation (OIC; ; ), formerly the Organisation of the Islamic Conference, is an intergovernmental organisation founded in 1969. It consists of Member states of the Organisation of Islamic Cooperation, 57 member s ...
(OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. , the combined
GDP (nominal) Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...
of 51* Muslim majority countries was US$ 12.97  trillion. , they contributed 8% of the world's total. Those 57* OIC countries in 2024 have a combined GDP (at
Purchasing power parity Purchasing power parity (PPP) is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currency, currencies. PPP is effectively the ratio of the price of a market bask ...
; 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 Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...
. The richest country on the basis of GDP per capita at PPP is
Qatar Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Geography of Qatar, Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land b ...
, 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 Muslims () are people who adhere to Islam, a Monotheism, monotheistic religion belonging to the Abrahamic religions, Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God ...
tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue.
''*Observer nations in italic'' ;Economic Growth for 5 years (GDP)


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 The economy of the Arab League is the economy of the member states of the Arab League. The economy has traditionally been dependent on exports of oil and natural gas; however, the tourism sector has grown rapidly, becoming the fastest-growing secto ...
* 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