Exploring the cooperative economy report 2023
The 2023 World Cooperative Monitor Report provides rankings of the top 300 global cooperatives by turnover and GDP per capita. It highlights the economic impact and member benefits of cooperatives, offering insights into their performance, sustainability, and contribution to local communities and development goals.
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OVERVIEW
This report collects data on cooperatives and mutuals globally. The 2023 edition provides rankings of the top 300 largest cooperative and mutual enterprises by turnover and GDP per capita. It highlights their economic impact and the benefits to members.
2023 results and sector rankings
Highlights and key results: The report includes the top 300 cooperatives by turnover, totalling $2,409.41 billion USD in 2021, with agriculture and insurance sectors dominating. The top cooperative, Groupe Crédit Agricole, had a turnover of $117.01 billion USD and 147,000 employees.
Sector rankings: The rankings show agriculture and food industries leading with 105 cooperatives by turnover and 103 by GDP per capita. The financial service sector increased visibility in the GDP per capita ranking with 39 enterprises.
Cooperative member benefits
The report analyses how cooperatives and mutuals benefit their members. Key benefits include economic advantages like affordable prices, higher interest rates, and better income. Intangible benefits involve participation in decision-making and contributions to community projects. Large cooperatives emphasise their cooperative identity and values.
Top 300 rankings
Top 300 ranking by turnover with employment data: The top 10 cooperatives by turnover include Groupe Crédit Agricole, REWE Group, and Groupe BPCE. Employment data highlights the scale of these organisations, with REWE Group employing 257,996 individuals.
Top 300 ranking by turnover over GDP per capita: IFFCO and Gujarat Cooperative Milk Marketing Federation Ltd (AMUL) lead this ranking, reflecting significant contributions relative to their national economies.
Methodology and data sources
Data for the 2023 edition was primarily sourced from annual and sustainability reports, existing databases, and national associations. The methodology ensures consistent and accurate data collection, focusing on economic and employment indicators.
Team, partners, sponsors
The WCM team includes researchers and federations worldwide. The report is produced with the support of the International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse).
Recommendations
The report suggests enhancing data collection from individual enterprises and ecosystems to better demonstrate the impact of cooperatives on sustainable development. It encourages cooperatives to communicate their identity and member benefits more effectively to reinforce their value proposition.
