An overall view of the Muslim countries

This chapter highlights some salient features of the economic status of Muslim countries. Most of the members of Organization of Islamic Conference (OIC) are facing the challenge of a higher growth rate of the population. According to economists, this is the most serious concern faced by Muslim countries. It is observed from the population census of most Muslim states that they have a high percentage of their young population, which is a burden on their economies and creates unemployment. In most Muslim countries, food production has increased, but the population’s growth rate is greater than the growth rate of food production. The economic growth of the Muslim world is much slower than the other developing countries. The level of production and consumption of most Muslim states are also not up to the world minimum standards. The gross domestic product growth of OIC countries was 3.9% and 3.4% in 2014 and 2015, respectively.