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Comparing Southwest Asia’s Economies: Israel, Turkey, Saudi Arabia, & Iran Directions: Fill in the chart below while discussing the presentation. Country Economic System Mixed Israel More market than command Mixed Turkey Moving towards fewer government run businesses Natural Resources Arable Land & Agricultural Products Not many 13.7% Timber, potash, copper ore, natural gas, clays, sand Citrus, vegetables, cotton, beef, poultry, dairy products Coal, iron ore, copper, arable land, hydropower 26.2% Tobacco, cotton, grains, olives, livestock Industries High technology products, wood & paper products, chemical products, diamond cutting Specialization (Exports) Literacy Rate Unemployment Rate & Poverty Rate GDP & GDP Per Capita Machinery, software, cut diamonds, agriculture products, agriculture technology 97.1% 6.9% unemployed $2.528 B 51st in world 23.6% living in poverty Per person $32,800 Apparel, food stuffs, textiles 94.1% 9.2% unemployed $1.142 T 17th in world 16.9% living in poverty Per person $15,200 Service industry accounts for much of economy Textiles, food processing, autos, electronics, mining, steel, petroleum Service industry makes up ½ of economy Country Saudi Arabia Economic System Natural Resources Arable Land & Agricultural Products Mixed Petroleum, natural gas, iron ore, gold, copper 1.5% King makes most decisions, private ownership of small businesses is increasing Mixed Iran Wheat, barley, tomatoes, melons, citrus, dairy products Petroleum, 10.5% natural gas, Government coal, copper Wheat, rice, attempts to grains, sugar keep tight cane, fruits, controls nuts, cotton, dairy products Industries Crude oil production, petroleum refining, fertilizer Specialization (Exports) Petroleum (90%) Literacy Rate Unemployment Rate & Poverty Rate GDP & GDP Per Capita 87.2% 10.6% $921.7 B 20th in world Not available Per person $31,800 Petroleum, petrochemicals, fertilizers, armaments Service industry makes up 51% of economy Petroleum (80%) 85% 15.5% 18.7% living in poverty $1.01 T 18th in world Per person $13,300