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

2. 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

3. 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)

5. 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

6. 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 billion dollars

7. 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

8. 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

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

10. 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

11. 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

12. sources
asian/export-import.html
simple-solution-that-has-saved-millions-of-lives/#297b92e41fed
people-in-the-middle-east/# b1bf9
middle-east.asp