OIC Economic Outlook

Recent Issues

OIC Economic Outlook 2021 (09 November 2021)

OIC Economic Outlook 2020 (02 November 2020)

OIC Economic Outlook 2019 (02 December 2019)

OIC Economic Outlook 2018 (29 November 2018)

OIC Economic Outlook 2017 (21 November 2017)

OIC Economic Outlook 2016 (28 November 2016)

OIC Economic Outlook 2015 (23 November 2015)

OIC Economic Outlook 2014 (03 December 2014)

OIC Economic Outlook 2013 (21 November 2013)

Annual Economic Report on the OIC Countries 2012 (18 October 2012)

Annual Economic Report on the OIC Countries 2011 (14 October 2011)

Annual Economic Report on the OIC Countries 2010 (06 October 2010)

Annual Economic Report on the OIC Countries 2009 (14 October 2009)

Annual Economic Report on the OIC Countries 2008 (10 November 2008)

Annual Economic Report on the OIC Countries 2007 (26 October 2007)


Productivity and growth are crucial to improving standards of living. As suggested in the literature, sustaining productivity growth is the only way to have a positive economic growth rate in the long run. This requires innovation and technological progress. While the level of productivity is critical in determining the returns to investments, higher returns to investments bring higher growth rates. Therefore, competitive economies with higher productivity levels are expected to generate higher income levels for their citizens.

The OIC member countries, as a group, are endowed with significant natural and human resources. In order to generate more goods and services with the existing resources, which ultimately will help to eradicate poverty and to reach higher standards of living, policies to increase productivity growth carry particular importance. The SESRIC has been preparing the Annual Economic Report on the OIC Countries since 1979 to serve as the technical background document for the agenda item of the Council of Foreign Ministers (CFM) under Economic Affairs entitled "World Economy and the Islamic Countries". The Centre has been also presenting the Report to the annual sessions of both the Islamic Commission for Economic, Cultural and Social Affairs (ICECS) and the Standing Committee for Economic and Commercial Cooperation (COMCEC).

The report analyses the economic situation in the OIC member countries during the latest five-year period for which the data are available. It examines the recent major economic developments in the OIC member countries and investigates the inter-linkages of these developments with those in both developing and developed countries as well as the world economy as a whole. The analysis is usually carried out in the light of the global, regional and national developments, using current data on OIC member countries, specially compiled from various international and national sources, in addition to the Centre’s databases.