6.9% Growth confirms four year upward trend in global cooperative business, says World Co-operative Monitor, released yesterday at ICA Global Conference

Thursday, 12 November 2015

The fourth edition of the World Co-operative Monitor, which analyses data from the cooperative sector in 2013 and which highlights the size and importance of the sector across the globe, was launched yesterday (Wednesday 11 November 2015) during the International Co-operative Alliance’s (ICA) Global Conference for 2015.

The World Co-operative Monitor is an initiative promoted by the International Co-operative Alliance, with the scientific and technical support of Euricse. It was Gianluca Salvatori, Euricse’s CEO, who presented the new edition of the World Co-operative Monitor during the plenary session of the ICA Global Conference, in Antalya, Turkey yesterday.

This year’s World Co-operative Monitor shows that the total turnover of the world’s Top 300 cooperatives and mutuals increased from USD 2,205.70bn to USD 2,360.05bn.  The Top 300 were spread over 25 countries, with 40% based in the insurance sector, 32% in agriculture and food industries, and 17% in wholesale and retail trade.

ICMIF member organization Zenkyoren (The National Mutual Insurance Federation of Agricultural Cooperatives) of Japan has held the number one position for the fourth year in a row.

Shaun Tarbuck, CEO, the International Cooperative and Mutual Insurance Federation (ICMIF) is attending the ICA Global Conference and said: “From the evidence we see in both the World Co-operative Monitor and ICMIF data on our members in the insurance sector, the cooperative and mutual sector is constantly growing and has clearly demonstrated its ability to withstand the global financial crisis. These strong numbers show that cooperatives and mutuals are leading the way and in particular in the insurance sector.”

Dame Pauline Green, President of the International Co-operative Alliance, said: “This year's 6.9% increase in the figures for the world's largest 300 cooperative and mutual businesses is a great tribute to the growing strength of our sector of the global economy. These figures are based on the 2013 results, and represent the fourth year in a row of consistent growth i.e. from 2010 to 2013 - the years in which the financial collapse and global recession still dominated. This is a remarkable achievement for a model of business that is not present on the world's stock markets and is often invisible to the economic commentators and political leaders. No wonder that one billion world's citizens have chosen to invest some part of their life in a cooperative!”

The ranking by turnover to Gross Domestic Product (GDP) per capita highlights the relevance of cooperatives in their country.

The 2015 report was produced by a team of researchers at Euricse with the scientific support of a committee of international experts and scientists and made possible with the support of our organizational partners: Fundación Espriu and OCB System.

More information on the World Co-operative Monitor project are available on Euricse’s website.

The Executive summary is available in English, Italian, French and Spanish.

Download the World Co-operative Monitor report 2015.