The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) has been preparing the Annual Economic Report on the OIC Countries since 1979 to serve as the basic 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 (ISCOM) 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.