country's dependency on oil and diversify its economic resources. In the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014. This surplus that is accounted for $10.40 billion has been achieved due to the increase of the oil and non-oil revenues. Syria Stemming from a 1960s nationalization effort most of the Syrian economy is run by the government. However, an inefficient public sector, significant domestic subsidies, and considerable intervention investment in Lebanon have led to significant problems of inflation and external debt. Consequently, the Syrian government has undertaken modest privatization reform in preparation for the opening of the Damascus Stock Exchange in 2009. Modest oil production and an agriculture sector lead Syria's production while most of its employment is in the service sector. Its per capita GDP stands at $4,900. Turkey Turkey is the largest economy in the Middle East followed by Saudi Arabia, Iran and the UAE. Turkey has the world's 15th largest GDP-PPP and 15th largest Nominal GDP. The country is a founding member of the OECD (1961) and the G-20 major economies (1999). Turkey has been part of the EU Customs Union since 31 December 1995. Turkey is often classified as a newly industrialized country by economists and political scientists; while Merrill Lynch, the World Bank and The Economist magazine describe Turkey as an emerging market economy. Turkey is restructuring its economy in an attempt to gain full European Union membership. It began this policy in the early 1970s, abandoning its previous import substitution industrialization policy. As privatization has taken hold in Turkey it has brought with it significant foreign direct investment. Additionally, the Baku–Tbilisi–Ceyhan pipeline has brought revenue to Turkey and enabled it to share in some of the regional hydrocarbon wealth. Turkey's economy is currently led by its automobile, agricultural, construction and textile sectors. It has a per capita GDP of $11,200, supplemented by some 1.2 million Turks working abroad. Turkey's economy has been considered a regional success story in the past. As per the Turkish Statistical Institute, a government agency committed to producing official statistical data on the country, the country's inflation rate increased by 14.03% in November 2020. The statistics showed a 1.5 points increase as per the expected level; a 15-month high. As of December 2020 stats, the figures show a 2.3% increase in monthly consumer prices and a significant price rise in basic necessities such as