Formation | 1996 1997 (1 Summit) |
---|---|
Legal status | Intergovernmental organization |
Headquarters | Istanbul, Turkey |
Membership | |
Secretary-General | Isiaka Abdulqadir Imam |
President | Badr Abdul Ati[2] |
Website | www |
The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organisation for development co-operation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.[3] Azerbaijan was admitted to the organization as the 9th member on December 19, 2024.[4]
The combined population of the nine countries is more than 1.28 billion or 63% of all Muslims, or close to 16% of the world's population and covering an area of 7.62 million square kilometres, 5% of world land area.[5] In 2016, trade between the D-8 member states stood at approximately $65 billion, showing substantial growth since its inception. By 2020, this figure increased to around $133 billion, reflecting the enhanced economic cooperation and integration among member countries. In 2024, the total nominal GDP of the eight nations reached approximately $5.1 trillion, underscoring their collective economic significance. Transactions among these countries accounted for an increasing share of global trade as they continue to pursue ambitious goals, such as reaching a trade value of $500 billion by 2030 under the D-8 Decennial Road map. This plan also focuses on expanding sectoral cooperation in areas like agriculture, energy, and transportation, fostering sustainable development across the member states.