1. Middle East Economic Systems

2. Israel Israeli Shekel Mixed economic system
Technologically advanced economic system
Major exports: cut diamonds, high-tech equipment, agricultural products
Dependent upon foreign loans but has strong fiscal policies in place that allow the GDP to grow
GDP Per Capita” $29,500

3. Jordan Jordanian Dinar Among the smallest nations in the Middle East
Lacks natural resources such as oil
Relies heavily on foreign assistance
Very poor country with high unemployment
Mixed economy that was primarily government run until recent moves to a more market-based approach
GDP Per Capita: $5,300

4. Saudi Arabia Riyal Note
Oil based economy with strong government controls of major economic activities
Trying to move to right (market) by introducing private companies and encouraging entrepreneurship
Improving GDP due to recent diversification
Moving away from oil based and more to modern European style economy
GDP Per Capita: $24,200

5. Iran 100,000 Rial Note Economy hindered by an inefficient government
Heavily subsidized, government-managed economy based on oil exports
Private sector is small scale and price controls hold the economy down
Recent reduction od subsidies has hurt the middle and upper classes
GDP Per Capita: $11,200