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COMCEC Agriculture Outlook 2018

8

Figure 5. Agricultural Growths in the OIC and World

Source: Annexes 2-6

The average annual agricultural growth in the OIC increased slightly from 3.32 percent in 1994-

2004 to 3.38 percent in 2004-2016. Although average yearly agricultural growth in the OIC was

higher than the world in both decades, it lagged behind overall economic growth rates in the

OIC. In the last two decades, OIC’s both agricultural and overall growth rates, realized as 3.38

percent and 4.35 percent respectively, surpassed the world.

Table 2. Comparison of Agricultural Growth and Overall Growth in the OIC & the World

Period

OIC

World

Agr. Growth

Economic Growth

Agr. Growth

Economic Growth

(1994-2004)

3.32

4.13

2.65

3.06

(2004-2015)

3.53

4.54

2.81

2.24

(1994-2016)

3.38

4.35

2.74

2.61

Source: Annexes 2-6

Table 3 presents the sub-regional average yearly overall and agricultural growths in 10 year

periods within the last two decades in OIC member countries. African Group’s average yearly

agricultural growth was the highest in the periods of 1994-2004 and 2004-2016, with a 6.54

percent and 5.64 percent respectively. Furthermore, African Group is the only group whose

average yearly agricultural growth exceeds its overall growth in two decades. The lowest growth

in agriculture was observed in the Asian Group with 2.17 percent in 1994-2004, and 2.81

percent in 2004-2016.

Table 3. Comparison of Agricultural and Overall Growth in OIC Sub-Regions

Period

African Group

Arab Group

Asian Group

Agr. Growth Econ. Growth Agr. Growth Econ. Growth Agr. Growth Econ. Growth

(1994-2004)

6.54

5.41

4.06

4.09

2.17

3.94

(2004-2016)

4.89

4.97

2.32

3.94

3.33

4.89

(1994-2016) 5.64

5.17

3.12

4.01

2.81

4.46

Source: Annexes 2-6

0,0

1,0

2,0

3,0

4,0

5,0

6,0

7,0

8,0

9,0

10,0

1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

Percent

OIC Agr. Growth Rate

World Agr. Growht Rate