Muslim countries are poor.
The very first thing you will see if you take a look at Muslim countries is that; “Muslim countries are poor.”
But, it is growing. GDP of OIC (Organisation of Islamic Conference) is growing at the rate of 5 percent a year. For example, total GDP of Muslim countries constituted %6.81 of World GPD in 2012 but this number rose to %8.3 in 2013.
There are 57 countries on the World considered to be Muslim countries and all of them are the members of OIC.
The total population of Muslim countries is 1.47 billion and this number constituties %22.8 of total World population. Total GDP of these countries is $5.7 Trillion, equals to %8.3 of World GDP.
Also, total export of Muslim countries makes up %13.47 of total World export, which is very low considering many of them exporting oil and gas.
Average GDP per capita in Muslim countries is 3.019 USD; which is again, very low.
It is easy to see that even if they constitute almost the quarter of World population; their economic indicators are very poor looking considering that great amount of population.
Muslim countries are classified as;
Low Income Country : 26
Middle Income Country : 25
High Income Country : 6
Top 10 Muslim Countries by Population
1- ) Indonesia ( 238 Millions )
2- ) Pakistan ( 181 Millions )
3- ) Nigeria ( 167 Millions )
4- ) Bangladesh ( 153 Millions )
5- ) Egypt ( 83 Millions )
6- ) Iran ( 76 Millions )
7- ) Turkey ( 75 Millions )
8- ) Algeria ( 37 Millions )
9- ) Morocco ( 33 Millions )
10- ) Iraq ( 32 Millions )
Top 10 Muslim Countries by GDP
1- ) Indonesia ( 1.21 Billion USD)
2- ) Turkey ( 1.12 Billion USD)
3- ) Iran ( 1 Billion USD)
4- ) Pakistan ( 475 Million USD )
5- ) Saudi Arabia ( 446 Million USD )
6- ) Malaysia ( 357 Million USD )
7- ) Bangladesh ( 330 Million USD )
8- ) Egypt ( 304 Million USD )
9- ) Algeria ( 288 Million USD )
10- ) Nigeria ( 175 Million USD )
Top 10 Muslim Countries by GDP per capita
1- ) Qatar ( 122 Thousand USD )
2- ) UAE ( 57 Thousand USD )
3- ) Brunei ( 51 Thousand USD )
4- ) Kuwait ( 48 Thousand USD )
5- ) Bahrain ( 35 Thousand USD )
6- ) Saudi Arabia ( 24 Thousand USD )
7- ) Oman ( 23 Thousand USD )
8- ) Turkey ( 17.5 Thousand USD )
9- ) Libya ( 16 Thousand USD )
10- ) Gabon ( 15 Thousand USD )
Sources : OIC, COMCEC, Sesrtcic, Islamic Development Bank, CIA Factbook
