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About: Economy of the Middle East     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEconomiesByRegion, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:Abstraction100002137yago:Economy108366753yago:Group100031264yago:System108435388yago:WikicatEconomiesByRegion New Facet based on Instances of this Class

The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.