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Top 300 cooperatives generate $2 trillion

In 2010, the world’s largest 300 cooperatives and mutual organizations posted revenues of US$1,975.6 billion, according to a study by the International Co-operative Alliance (ICA) in partnership with the European Research Institute on Cooperative and Social Enterprises (EURISCE).

The pilot study forms part of the World Cooperative Monitor that was launched at the Cooperatives United event in Manchester, U.K. (see page 16). The study is collecting economic and social data on the world’s largest cooperatives as of 2010. The database consists of 2,192 cooperatives across 61 countries.

Data collected from 150 cooperative banks, credit unions and other financial cooperatives in 29 countries showed a total net banking income of US$185.3 billion. Desjardins Group remained the top Canadian organization on the list, coming in at number 40 with a net banking income of US$11.57 billion. ◊