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MIDDLE EAST ECONOMIES
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Top of page 29 above the margin
SS7E5b.c. b. Explain how most countries have a
mixed economy located on a continuum between pure market and pure command
c. Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey
SS7E7c. C. Explain the role of oil in these countries
economies
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Top of Page 29 on linesWrite the question and answer.
What is 1 product the Middle East exports?
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Israel Type of Economy: MixedMarket GDP: $242.9 billion
GDP Per Sector:Agriculture: 2.5 %Industry: 31.1%Service: 64.9 %
Per Capita GDP: $31,400 Country Rank: 41
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Israel Jobs:
Labor Force by Occupation: Agriculture: 2% Industry: 16% Service: 82%
Oil: Oil Production: 4,029 bbl/day
Country Rank: 99 Oil Consumption: 238,000 bbl/day
Country Rank: 51
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Israel Literacy Rate:
Total: 97.1% Men: 98.5% Women: 95.9%
Levels of Education: Total: 15 years Men: 15 years Women: 16 years
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Saudi Arabia Type of Economy: MixedCommand GDP: $577.6 Billion
GDP Per Sector:Agriculture: 2 %Industry: 69.1%Service: 28.9%
Per Capita GDP: $24,500 Country Rank: 55
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Saudi Arabia Jobs:
Labor Force by Occupation: Agriculture: 6.7% Industry: 21.4% Service: 71.9%
Oil: Oil Production: 10.52 billion bbl/day
Country Rank: 1 Oil Consumption: 2.643 million bbl/day
Country Rank: 6
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Saudi Arabia
Literacy Rate: Total: 86.6% Men: 90.4% Women: 81.3%
Levels of Education: Total: 14 years Men: 14 years Women: 13 years
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Turkey Type of Economy: MixedMarket GDP: $778.1 billion
GDP Per Sector:Agriculture: 9.3%Industry: 28.1%Service: 62.6%
Per Capita GDP: $14,700 Country Rank: 86
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Turkey Jobs:
Labor Force by Occupation: Agriculture: 25.5% Industry: 26.2% Service: 48.4%
Oil: Oil Production: 55,110 bbl/day
Country Rank: 60 Oil Consumption: 646,300
Country Rank: 27
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Literacy Rate: Total: 87.4% Men: 95.3% Women: 79.6%
Levels of Education: Total: 12 years Men: 12 years Women: 11 years
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Human Capital vs. Standard of Living
Relationship between investment in human capital and standard of living:
Investment in Standard of Investment in Standard of
Human Capital Living Human Capital Living
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Capital Resources vs.Standard of Living
Relationship between investment in capital goods and standard of living:
Investment in Standard Investment in Standard
Capital Goods of Living Capital Goods of Living
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Pure Pure
Command Market
Mixed