The 10th edition of the World Cooperative Monitor (WCM) 2021 was launched on 30 November during a dedicated session ahead of the World Cooperative Congress in Seoul. The WCM is published by the International Cooperative Alliance (ICA) with the scientific and technical support of the European Research Institute on Cooperative and Social Enterprises (Euricse).

The 2021 edition is based on data collected in 2019 and features rankings based on turnover as well as the ratio of turnover over the gross domestic product (GDP) per capita. It includes as an evaluation the actions of the Top 300 cooperatives in terms of environmental sustainability, human rights and equitable growth. The Monitor also provides a series of examples of how cooperatives came to the aid of their communities during the COVID-19 pandemic.

The Top 300 cooperatives and mutual enterprises (CMEs) report a total turnover of 2,180 billion USD, based on 2019 financial data. From the Asia and Pacific region, 57 CMEs are featured in the Top 300 ranking by Turnover/GDP per capita – Japan (27), India (14), New Zealand (5), Republic of Korea (4), Australia (2), Singapore (2), Malaysia (1), Russia (1), and Saudi Arabia (1).

The five CMEs from the region within the global top 10 rankings by turnover/GDP per capita are the Indian Farmers Fertiliser Cooperative Limited, India (number 1), Gujarat Cooperative Milk Marketing Federation, India (number 3),  the National Federation Of Agricultural Cooperative Associations - Zen-Noh, Japan (number 6), Nippon Life, Japan (number 9), and Nonghyup or National Agricultural Cooperative Federation, Korea (number 10).

Per capita GDP is a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population. The ratio of turnover over GDP per capita measures the turnover of the Top 300 CMEs in terms of the purchasing power of an economy, relating the turnover of the enterprise to the wealth of the country.

For more details, please visit https://www.monitor.coop/en.