MADISON, Wis. (3/29/12)--Roughly one billion people in 96 countries belong to cooperatives, with credit unions constituting the second-largest segment, according to a new report from Worldwatch Institute.
Also, 99% of cooperative businesses primarily operate within seven economic sectors (2012intlsummit.coop
Those sectors, including their annual revenue (in U.S. dollars) and percentage share of all cooperatives worldwide are:
- Agriculture/Forestry, $472 billion, 29%;
- Cooperative Banking/Credit Unions, $430 billion, 26%;
- Consumer/Retail, $354 billion, 22%;
- Insurance, $282 billion, 17%;
- Workers/Industrial, $35 billion, 2%;
- Utilities, $18 billion, 1%; and
The one billion members of cooperatives worldwide exceed the 893 million direct and indirect shareholders of corporations, the report noted. Also, 13.8% of the world's population is a member of at least one cooperative, compared with 5% who are direct shareholders.
Credit union branches comprise 23% of financial institutions worldwide and serve 870 million people, making credit unions the second-largest financial services network in the world, the report noted.
For a free copy of the report, contact Supria Kumar at email@example.com