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The Arab League does. They have 29.71% of the world production with 87,500,000 barrels per day. Next, is Russia with 12% of the world production at 10,540,000 barrels per day.
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The Arab League is not a country. It is a collection of 21 countries. Russia (as of 2010 statistics) exports the most oil closely followed by Saudi Arabia.
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What are the benefits of currency flucation?
Its got to do with a countries imports and exports. A country is run like a business and will want a greater number of exports than imports because the more goods leaving the country (being sold) means the more money coming in! Vice versa, the more imported goods entering the country the more money leaving. When a countries currency fluctuates so that it is weak (compared to another country) their exports will look more attractive. EG. Suppose the UKs Pound is weak against the US Dollar, therefore 1 dollar will buy more that usual so US companies buy the UKs products in vast amounts before the UK currency strengthens again. So although the UK pound is weak, their exports rise (because US is buying UK goods) and money flows in, hence, a weak currency is good for the UK. Only in the short term tho.
What does the Caribbean export?
There are a number of products that the Caribbean exports. Some of the common exports include petroleum gas, oil, sugar, rum, bananas and so much more.
What is reccesion?
A Recession is a term used when the GDP of a nation is on a downward movement for two or more consecutive quarters GDP - Gross Domestic Product (Approximately the sum of the total industrial revenue generated in the country) This is usually measured quarterly, half yearly or annually... When the GDP of a nation has consistently declined for two or more consecutive quarters, then the country is supposed to be in a state of recession.
What is Difference between national and multinational companies?
The main differences between national and multinational companies are: Multinational companies do foreign investment; in contrast, national companies do not. Moreover, multinational companies can control the production in more than one region or country, but the national company does not control any other country.
Who is responsible for wealth distribution?
Specifically, if you mean wealth distribution in a certain region or country - the government of that country is the one responsible for managing and distributing the wealth of the country to its people to job creations, housing and other infrastructure and road development, education development programs, and a lot more.
What country exports oil the most than any other nation?
Not one exports more, but a collection of 21 that belong to OPEC.
What is the term used by economist to describe where a nation exports more than it imports?
The country's net exports are positive(net exports being exports minus imports)
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
Nation with a high amount of exports will more likely have?
Nation with a high amount of exports will more likely have more income.
Which country exports more coffee than any other?
brazil
What is the country that exports more petroleum than any other country on earth?
Saudi Arabia, i think ^_^
Would a nation rather have more imports or more exports?
export
What is the difference in value between what a nation imports and what it exports over time?
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
What is the thing or food that Jamaica exports more than any other country?
Bananas, bacons and humans.
A problem that may result when a nation imports more than it exports is?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
How will increase in exports affect balance of payments in a developing country?
increase in exports means that other countries are demanding goods from your coutry. hence, more money flows in.
How will increase in exports affects balance of payments in a developed country?
increase in exports means that other countries are demanding goods from your coutry. hence, more money flows in.
