By Calvin, Alex,Tj,Gabi and Erik 3rd hour World Geography Middle East Economy By Calvin, Alex,Tj,Gabi and Erik 3rd hour

Imports Kazakhstan imports in 2009 were worth 25.19 billion They included food, metal products, etc Primary importers were Russia, China, Ukraine, and Germany Middle East imported 9.4 billion barrels of oil per day Richest oils lay in Qatar, and U.A.E in Middle East

Exports During 2015 the shipments valued at 3.25billion or 41.3% of global crude exports Saudi Arabia, Iraq, United Arab Emirates, Kuwait, Iran, and Oman were all among the top 15 exporters of crude oil in 2015 A lot of countries export oil, but that's not all( electronics,diamonds)

Oil - The Middle East is very barren and has very few resources available except for a huge abundance of oil -The Middle East has 70% of all of the world's known oil -Oil is the main source of money for the Middle East - The Oil provides many job opportunities - If they didn't have the oil, they wouldn't have all of their wealth

Oil Because of The Middle East's vast oil supply, they export a lot of their oil for trading The United states gets most of its oil from Canada, but its second leading supplier is The Middle East Although the Middle East has 70% of the world's oil, they are the second leading oil producer The United States is the leading oil producer In 2014, Saudi Arabia produced 11.6 million barrels of oil in a day The money they made from the United States alone was 205.2 billion dollars

Wealth Middle East is home to 78 billionaires with an aggregate net worth 9.2 billion ⅓ of the billionaires in the Middle East are related One third of all the billionaires get their money passed down from family There are only 6 females with 10 digit numbers On example of the rich people in Saudi Arabia is Prince Al-Waleed Bin Talal Alsaud He has $28 billion and net worth is 20.4 billion

Wealth continued The income inequality is extremely high at the level of the Middle East. This is because regional inequality per capita is high. The share of the Middle East income is at an estimated 55% vs. in 48% in the U.S. High inequality appears to lower growth and increase poverty. Only 12.7 percent of people live in poverty

http://money.cnn.com/video/news/economy/2016/12/19/middle-east-growth- outlook-2017.cnnmoney/

Agriculture Despite terrible weather conditions ( the heat and dryness) they are still one of the biggest rice and cotton producers in the world They are highly dependent on agriculture Produced 5.67 million tons of rice in 2011 They also produced 635,000 tons of cotton in 2011 After the cotton is collected, the cotton stalks cause a disposal problem

U.S. Dependency On Middle East United states is the largest oil importer in the world They bring 13.5 million gallons of oil per day to the Middle East The Middle East requires us to help them with their oil imports until 2025 Limiting the hold of oil for Middle East oil economy will require creativity, and genuine effort. The U.S. imports 9.4 million gallons of oil to 88 countries in the Middle East The OPEC crisis was

sources http://www.economywatch.com/world_economy/middle-east-central- asian/export-import.html https://www.forbes.com/sites/unicefusa/2016/12/22/the-malnutrition-miracle-the- simple-solution-that-has-saved-millions-of-lives/#297b92e41fed http://www.visualcapitalist.com/map-sums-economy-middle-east/ http://www.ecomena.org/tag/agriculture-in-the-middle-east/ https://www.forbes.com/sites/natalierobehmed/2014/03/26/meet-the-richest- people-in-the-middle-east/#5781125b1bf9 http://www.investopedia.com/articles/investing/101515/biggest-oil-producers- middle-east.asp