The world’s largest 300 cooperatives come from 25 countries and have a combined turnover of USD $2.53 trillion (2,533bn), an increase of 7.20% from the USD $2.36tn reported in last year, according to the 2016 edition of the World Co-operative Monitor. The findings were presented at the International Summit of Cooperatives in Quebec, from 11 to 12 October.
"The turnover of cooperatives is remarkable, it has increased compared to previous year, but what it is even more remarkable to underline is how they produce, what kind of work they create, what kind of services they offer, how, thanks to its democratic governance system, thanks to the intercooperation tools cooperatives have built, among others, they generate positive impact on the development of the territories where they are established", says Bruno Roelants, CICOPA Secretary General.
Over 32% of these operate in agriculture, 39% in insurance, 19% in wholesale and retail trade and 6% in banking and financial services. Some of the top 300 co-ops are also active in the health and social care sector (1%), the industry sector (2%) and other services and activities. The Mondragon Corporation remains the first cooperative group in the industrial sector with a turnover of USD $ 15.7 billion.
The Monitor, published by the International Co-operative Alliance and the European Research Institute on Cooperative and Social Enterprises, refers to data from 2014, which was collected from various sources, such as national rankings, sector rankings, existing databases containing financial data, annual reports and questionnaires. In total, 146 questionnaires were completed from organisations in 39 countries, including individual co-operative and co-operative federal bodies. The database for this edition contains information on 2,370 co-operatives from 63 countries. Of these, 1420 cooperatives from across 52 countries have a turnover of over USD $100m.
Download the executive summary from www.monitor.coop
International Organisation of Industrial, Artisanal and
Service Producers' Cooperatives
Secretariat: C/O European Cooperative House - avenue Milcamps 105
1030 Brussels, Belgium
Tel: +32 2 543 1033, fax: +32 2 543 1037