Middle Eastern economies range from nations being very poor (such as Yemen) to extremely wealthy nations (such as UAE and Saudi Arabia). Overall, as of 2007, according to CIA world factbook, all nations in the Middle East are maintaining a positive rate of growth.

The 3 largest Middle Eastern economies, according to CIA world factbook 2007, in terms of PPP are (in rank) are Turkey ($ 640,400,000,000), followed by Iran ($ 599,200,000,000). When it comes to per capita (PPP) based income, the 3 top countries are UAE at the top ($49,700) followed by Qatar ($29,800), and then comes Kuwait ($23,100). The three lowest ranking countries in the Middle East, in terms of per capita income (PPP) are Afghanistan ($ 800 as of 2004), Yemen ($ 1000 as of 2006), and Iraq ($ 1900 as of 2006).

The economic structure of Middle Eastern nations are different in the sense that while some nations are heavily dependent on export of only oil and oil related products (Saudi Arabia, UAE, and Kuwait), others have a highly diverse economic base (Turkey and Egypt). Industries of the Middle Eastern region includes oil and oil related products, agriculture, cotton, cattle, dairy, textiles, leather products, surgical instruments, defence equipment (guns, ammunition, Tanks, submarines, fighter jets, UAVs, and missiles). Banking is also an important sector of the economies especially in the case of UAE, and Bahrain. Tourism, with exception to Turkey and Egypt, remains largely unexplored and under developed due to the conservative nature of the region as well as due to political turmoil in certain regions of Middle East. In recent years, however, countries such as UAE, Bahrain, and Jordan have begun experiencing greater number of tourists due to improving tourist facilities and relaxing of tourism related policies.

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