COMCEC Trade Outlook 2017
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many OIC member states in the last decade and trade has become one of the most important
sources of growth. The countries which have realized the highest increase in the trade to GDP
ratio were United Arab Emirates, Mozambique, Benin, Burkina Faso, Sierra Leone and Morocco.
Figure 38: Ratio of Trade to GDP in the OIC Countries
Source: UNCTADSTAT
Note: Those countries which have the data and positive difference were included.
The trade to GDP ratio in total OIC decreased from64.1 per cent in 2005 to 47.2 per cent in 2016.
Openness ratio fell significantly in the aftermath of the global crisis both in developing and
developed countries.
Figure 39: Evolution of the Openness Ratio
Source: UNCTADSTAT
0 5 10 15 20 25 30 35
UAE
Mozambique
Benin
Burkina Faso
Sierra Leone
Morocco
Guinea-Bissau
Djibouti
Kyrgyzstan
Turkey
Tunisia
Guinea
Afghanistan
Albania
Mali
Comoros
Niger
Uganda
Difference between 2016 and 2005 Ratios in percentage points
30
35
40
45
50
55
60
65
70
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
per cent
OIC Developing economies Developed economies