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  • Economy of SouthWest Asia

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    Ronald Onguda
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    The economy of Southwest Asia is diverse and the region experiences high economic growth. Collectively, the region is best known for producing and exporting oil resources. Moreover, six rich countries of Southwest Asia belong to OPEC (Organization of the Petroleum Exporting Countries). The economy of the region is generally developed and stable due its huge oil reserves, as more than half of the world's oil reserves and around 40 percent of the world's natural gas reserves are located in the region. The instability in Southwest Asia had tremendous effects to its oil industry, but it remained one of the richest regions in the world in terms of natural resources.

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    The economy of Southwest Asia is diverse and the region experiences high economic growth. Collectively, the region is best known for producing and exporting oil resources. Moreover, six rich countries of Southwest Asia belong to OPEC (Organization of the Petroleum Exporting Countries). The economy of the region is generally developed and stable due its huge oil reserves, as more than half of the world's oil reserves and around 40 percent of the world's natural gas reserves are located in the region. The instability in Southwest Asia had tremendous effects to its oil industry, but it remained one of the richest regions in the world in terms of natural resources.

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    Attribution Non-Commercial (BY-NC)
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    552 vues1 page

    Economy of SouthWest Asia

    Transféré par

    Ronald Onguda
    The economy of Southwest Asia is diverse and the region experiences high economic growth. Collectively, the region is best known for producing and exporting oil resources. Moreover, six rich countries of Southwest Asia belong to OPEC (Organization of the Petroleum Exporting Countries). The economy of the region is generally developed and stable due its huge oil reserves, as more than half of the world's oil reserves and around 40 percent of the world's natural gas reserves are located in the region. The instability in Southwest Asia had tremendous effects to its oil industry, but it remained one of the richest regions in the world in terms of natural resources.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    ECONOMY IN SOUTHWEST ASIA

    Country ARMENIA AZERBAIJAN BAHRAIN CYPRUS GEORGIA IRAN IRAQ ISRAEL JORDAN KUWAIT LEBANON OMAN PALESTINE QATAR SAUDI ARABIA SYRIA TURKEY UAE YEMEN Real GDP (2012 Estimate)1 $10.07 billion $68.8 billion $27.03 billion $23.01 billion $15.93 billion $548.9 billion $212.5 billion $240.9 billion $31.21 billion $173.4 billion $41.35 billion $76.46 billion $10 billion $183.4 billion $727.3 billion $64.7 billion $794.5 billion $358.9 billion $35.64 billion Natural Resources1
    small deposits of gold, copper, molybdenum, zinc, bauxite petroleum, natural gas, iron ore, nonferrous metals, bauxite oil, associated and non-associated natural gas, fish, pearls copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment timber, hydropower, manganese deposits, iron ore, copper, minor coal and oil deposits; coastal climate and soils allow for important tea and citrus growth petroleum, natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur petroleum, natural gas, phosphates, sulfur timber, potash, copper ore, natural gas, phosphate rock, magnesium bromide, clays, sand phosphates, potash, shale oil petroleum, fish, shrimp, natural gas limestone, iron ore, salt, water-surplus state in a water-deficit region, arable land petroleum, copper, asbestos, some marble, limestone, chromium, gypsum, natural gas olive oil, fruit, vegetables, limestone petroleum, natural gas, fish petroleum, natural gas, iron ore, gold, copper petroleum, phosphates, chrome and manganese ores, asphalt, iron ore, rock salt, marble, gypsum, hydropower coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable land, hydropower petroleum, natural gas petroleum, fish, rock salt, marble; small deposits of coal, gold, lead, nickel, and copper; fertile soil in west

    1. CIA World Factbook 2. Dark green denotes member of OPEC

    The economy of Southwest Asia is diverse and the region experiences high economic growth. Collectively, the region is best known for producing and exporting oil resources. Moreover, six rich countries of Southwest Asia belong to OPEC (Organization of the Petroleum Exporting Countries). The economy of the region is generally developed and stable due its huge oil reserves, as more than half of the world's oil reserves and around 40 percent of the world's natural gas reserves are located in the region. The instability in Southwest Asia had tremendous effects to its oil industry, but it remained one of the richest regions in the world in terms of natural resources.

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