List of Muslim Countries by Nominal GDP (2017—2022)

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This map shows Muslim countries worth $1.0 trillion dollars or more by GDP (PPP). There are eight Muslim countries in the trillion dollar club. Indonesia is worth the most (2016).

Introduction:— The Islamic World's nominal GDP currently stands at a grand total of $6.25 trillion dollars, spread over a population of 1.6 billion people. For comparison India, which has an approximately similar sized population to the Islamic world (1.3 billion), has an economy worth $2.45 trillion dollars.[1] Much of the Muslim world still lags behind countries such as Japan ($4.8 trillion dollars[2]) and the United States ($18.6 trillion dollars) however, who have much smaller populations (127 million;[3] 323 million respectively[4]) but are highly industrialised, as well place a particular emphasis on science. Additionally China's current economy is worth $11.8 trillion dollars (with a population of 1.41 billion.[5][6] Progress, however, is more rapid in some countries than others; for example Indonesia (population 261 million) became the first country in the Islamic world to surpass the trillion dollar mark in 2017,[7] with Turkey closely behind at almost achieving this target (which currently stands at $841.2 billion dollars). Malaysia too is a laudable case, which is set to reach a nominal GDP of $500 billion dollars by 2022,[8] with a population of only 34.2 million people.[9] Significantly, these more advanced Muslim economies are not solely oil-based economies (with the exception of Saudi Arabia; $678 billion dollars and with a population of 32.4 million),[9] but have rapidly been expanding in economic complexity over the years. Perhaps far more exciting is that the macroeconomic trends show the Islamic world will accrue a total nominal GDP wealth of $8.85 trillion dollars by 2022 (representing an average growth rate of 7% to 2022). This entire analysis has been taken from the International Monetary Fund (IMF) who's projections are updated as of October 2017. For unknown reasons some countries were left out (notably Pakistan—most likely because of CPEC—and Egypt—most likely because of it's dictatorship crisis).

This map shows Muslim countries worth $1.0 trillion dollars or more by GDP (PPP). There are eight Muslim countries in the trillion dollar club. Indonesia is worth the most (2016).

Introduction:— The Islamic World's nominal GDP currently stands at a grand total of $6.25 trillion dollars, spread over a population of 1.6 billion people. For comparison India, which has an approximately similar sized population to the Islamic world (1.3 billion), has an economy worth $2.45 trillion dollars.[1] Much of the Muslim world still lags behind countries such as Japan ($4.8 trillion dollars[2]) and the United States ($18.6 trillion dollars) however, who have much smaller populations (127 million;[3] 323 million respectively[4]) but are highly industrialised, as well place a particular emphasis on science. Additionally China's current economy is worth $11.8 trillion dollars (with a population of 1.41 billion.[5][6] Progress, however, is more rapid in some countries than others; for example Indonesia (population 261 million) became the first country in the Islamic world to surpass the trillion dollar mark in 2017,[7] with Turkey closely behind at almost achieving this target (which currently stands at $841.2 billion dollars). Malaysia too is a laudable case, which is set to reach a nominal GDP of $500 billion dollars by 2022,[8] with a population of only 34.2 million people.[9] Significantly, these more advanced Muslim economies are not solely oil-based economies (with the exception of Saudi Arabia; $678 billion dollars and with a population of 32.4 million),[9] but have rapidly been expanding in economic complexity over the years. Perhaps far more exciting is that the macroeconomic trends show the Islamic world will accrue a total nominal GDP wealth of $8.85 trillion dollars by 2022 (representing an average growth rate of 7% to 2022). This entire analysis has been taken from the International Monetary Fund (IMF) who's projections are updated as of October 2017. For unknown reasons some countries were left out (notably Pakistan—most likely because of CPEC—and Egypt—most likely because of it's dictatorship crisis).

Top Six Strongest Muslim Economies

List

All Countries 2017 2018 2019 2020 2021 2022
GDP (Nominal) $6.25 trillion $6.68 trillion $7.18 trillion $7.71 trillion $8.27 trillion $8.85 trillion
Year on Year Groth (%) BASE 6.85% 7.49% 7.35% 7.27% 7.07%
Population 1.60 billion 1.63 billion 1.65 billion 1.69 billion 1.72 billion 1.75 billion
Year on Year Growth (%) BASE 1.77% 1.76% 1.75% 1.77% 1.77%

Factor 2017 2018 2019 2020 2021 2022
GDP (Nominal) $6,252,382,000,000 $6,680,484,000,000 $7,180,803,000,000 $7,708,421,000,000 $8,268,545,000,000 $8,852,770,000,000
Population 1,599,281,000 1,627,550,000 1,656,250,000 1,685,219,000 1,715,094,000 1,745,414,000
GDP Per Capita $3,909.50 $4,104.63 $4,335.58 $4,574.14 $4,821.04 $5,072.02
Year on Year Growth in Income BASE 4.99% 5.63% 5.50% 5.40% 5.21%

Infographics

Sources

References

  1. ^ a b Indian GDP (Nominal, Per Capita, PPP, PPP Per Capita). April 2017. International Monetary Fund (IMF). WayBackMachine Link. Retrieved November 10th, 2017.
  2. ^ a b Japan Nominal GDP. April 2017. International Monetary Fund (IMF). WayBackMachine Link. Retrieved November 10th, 2017.
  3. ^ a b Saba Aziz (October 22nd, 2017). Japan snap elections: All you need to know. Al Jazeera. WayBackMachine Link. Retrieved November 10th, 2017.
  4. ^ a b Canada reaches high plateau of immigrants. October 25th, 2017. Anadolu Agency. WayBackMachine Link. Retrieved November 10th, 2017.
  5. ^ a b China (GDP). April 2017. International Monetary Fund (IMF). WayBackMachine Link. Retrieved November 12th, 2017.
  6. ^ a b China Population (LIVE). World Meters. WayBackMachine Link. Retrieved November 12th, 2017.
  7. ^ a b Karlis Salna (October 15th, 2017). Asia's Newest Trillion-Dollar Economy Faces Bittersweet Win. Bloomberg. WayBackMachine Link. Retrieved November 10th, 2017.
  8. ^ a b c d e f g h i j k l m Nominal GDP of Muslim Nations (2017—2022). October 2017. International Monetary Fund (IMF). WayBackMachine Link. Retrieved November 10th, 2017.
  9. ^ a b c d e f g h i j Muslim Nominal GDP with Population. International Monetary Fund (IMF). WayBackMachine Link. Retrieved November 11th, 2017.

External Links