25 Countries where Muslim Population will Increase the Most by 2050

In This Article:

In this article, we look at 25 countries where Muslim population will increase the most by 2050. You can skip our detailed analysis on the fastest growing religion in the world and the contribution of the Islamic world to global economy by heading over directly to the 10 Countries where Muslim Population will Increase the Most by 2050.

The religious profile of the globe is rapidly evolving, primarily driven by fertility rates and the percentage of youth populations among the world’s major religious groups. Islam today is the second largest religion in the world after Christianity, with about 24% of the world's population, or 1.8 billion people, practicing the religion. However, according to the Pew Research Center, by 2050, the world’s Muslim population is projected to come close to equaling Christians which is currently an estimated 2.4 billion.

Between 2010 and 2050, the population size of Muslims is projected to grow 73%, while Christian population is expected to rise by 35%. The share of atheists and people who are not affiliated with any religion is likely to shrink further. Moreover, if trends continue, 10% of Europe’s overall population in 2050 will comprise of muslims, India will surpass Indonesia to have the largest Muslim population in the world, and Muslims will outnumber Jews in the United States, with Islam becoming the second largest religion in the country.

Economic Potential of the Muslim World

Despite the fact that the contribution of the Muslim world to the global economy – 8.51% of the world’s GDP – is disproportionate to the size of their population, the Islamic world is full of economic potential. The Middle East is home to 53% of the world’s proven oil and gas reserves, and these two natural resources account for 51% of all exports from this region. Among the top ten oil producing countries of the world, seven are members of the Organization of Islamic Cooperation (OIC). On the other hand, Iran has the second largest proven natural gas reserves in the world, and is only next to Russia.

The sheer magnitude of business activity in the oil industry in some of these countries can be gauged by the example of Saudi Aramco, the national oil company of Saudi Arabia. It is the second largest company in the world by revenue after Walmart, and generated $161 billion in profits in 2022, which was three times more than what Exxon Mobil Corporation (NYSE:XOM) earned during the same year.

Saudi Arabia, Kuwait, Iraq, and the United Arab Emirates are prominent exporters of oil. Several global corporations from the energy sector have invested in these countries over the last century. Exxon Mobil Corporation (NYSE:XOM) has been in Saudi Arabia for the last 90 years and had a key role to play in the formation of what is today Saudi Aramco. British Petroleum, or BP p.l.c. (NYSE:BP) was at the forefront of oil discovery in the UAE in 1958 and produces more than 170,000 barrels of oil every day in Abu Dhabi today. Earlier this year in March, the Abu Dhabi National Oil Co (ADNOC) and BP p.l.c. (NYSE:BP) jointly offered to acquire 50% of the stake in Israeli natural gas producer NewMed Energy for $2 billion.