Retail Payment Systems
In the OIC Member Countries
39
Qatar 1,910,902 2,267,916 169,804,735,989 211,816,758,242
Saudi Arabia 27,761,728 29,369,428 669,506,666,667 746,248,533,333
Senegal 13,330,737 14,548,171 14,440,676,929 15,578,916,865
Sierra Leone 5,865,491 6,205,382 2,932,106,327 4,892,363,979
Somalia 9,907,903 10,805,651 .. ..
Sudan 36,430,923 38,764,090 67,326,793,943 73,815,376,185
Suriname 529,761 543,925 4,423,194,614 ..
Syrian Arab Republic 21,961,676 23,300,738 .. ..
Tajikistan 7,814,850 8,408,947 6,522,755,783 9,241,627,841
Togo 6,472,304 6,993,244 3,756,023,048 4,518,443,907
Tunisia 10,673,800 10,996,600 45,951,389,300 ..
Turkey 73,058,638 75,837,020 774,754,155,284 799,534,963,354
Turkmenistan 5,106,668 5,307,171 29,233,333,333 47,931,929,825
Uganda 35,148,064 38,844,624 18,661,302,215 26,312,399,301
United Arab Emirates 8,925,096 9,445,624 347,454,049,215 401,646,583,173
Uzbekistan 29,339,400 30,742,500 45,324,319,955 62,643,953,022
West Bank and Gaza [Palestine] 3,927,051 4,294,682 10,465,400,000 12,737,613,125
Yemen, Rep. 23,304,206 24,968,508 31,078,858,746 ..
Source: World Development Indicators (Last Updated: 07/28/2015)
As can be seen in Table 7, in terms of GDP, most of the OIC member state countries are
developing countries. The highest GDP is Indonesia (US$ 888 billion in 2014) followed by
Turkey (US$ 799 billion) and Saudi Arabia (US$ 746 billion). The lowest GDP is Comoros (US$
647 million) followed by The Gambia (US$ 807 billion). The most populated countries is
Indonesia (252 million) followed by Pakistan (185 million) and Nigeria (178 million). Per
capita GDP is not closely related to overall GDP because of the wide range of population sixes
and high degree of differences in proportionate wealth. The significance of this for retail
payment systems is that market sizes differ significantly, as does disposable income, and scale
factors have been important for rapid innovation in retail payment systems. This can be seen
in Table 8, below.