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Western Sahara:
Economy

Western Sahara Page


Economy - overview
Definition
Western Sahara depends on pastoral nomadism, fishing, and phosphate mining as the principal sources of income for the population. The territory lacks sufficient rainfall for sustainable agricultural production, and most of the food for the urban population must be imported. Incomes in Western Sahara are substantially below the Moroccan level. The Moroccan Government controls all trade and other economic activities in Western Sahara. Morocco and the EU signed a four-year agreement in July 2006 allowing European vessels to fish off the coast of Morocco, including the disputed waters off the coast of Western Sahara. Moroccan energy interests in 2001 signed contracts to explore for oil off the coast of Western Sahara, which has angered the Polisario. However, in 2006 the Polisario awarded similar exploration licenses in the disputed territory, which would come into force if Morocco and the Polisario resolve their dispute over Western Sahara.
GDP (purchasing power parity)
Definition - World rank and map
$NA
GDP (official exchange rate)
Definition
$NA
GDP - real growth rate
Definition - World rank and map
NA%
GDP - per capita
Definition - World rank and map
$NA
GDP - composition by sector
Definition
agriculture: NA%
industry: NA%
services: 40%
Labor force
Definition
12,000 (2005 est.)
Labor force - by occupation
Definition
agriculture: 50%
industry and services: 50% (2005 est.)
Unemployment rate
Definition - World rank and map
NA%
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
NA%
Budget
Definition
revenues: $NA
expenditures: $NA
Agriculture - products
Definition
fruits and vegetables (grown in the few oases); camels, sheep, goats (kept by nomads); fish
Industries
Definition
phosphate mining, handicrafts
Industrial production growth rate
Definition - World rank and map
NA%
Electricity - production
Definition - World rank and map
85 million kWh (2005)
Electricity - consumption
Definition - World rank and map
79.05 million kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
200.8 kWh (2005)
Electricity - exports
Definition
0 kWh (2005)
Electricity - imports
Definition
0 kWh (2005)
Oil - production
Definition - World rank and map
0 bbl/day (2005 est.)
Oil - consumption
Definition - World rank and map
1,750 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
4.4 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
0 bbl/day (2004)
Oil - imports
Definition - World rank and map
1,698 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
0 bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
0 cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
0 cu m (1 January 2006 est.)
Exports
Definition - World rank and map
$NA
Exports - commodities
Definition
phosphates 62%
Exports - partners
Definition
Morocco claims and administers Western Sahara, so trade partners are included in overall Moroccan accounts (2006)
Imports
Definition - World rank and map
$NA
Imports - commodities
Definition
fuel for fishing fleet, foodstuffs
Imports - partners
Definition
Morocco claims and administers Western Sahara, so trade partners are included in overall Moroccan accounts (2006)
Debt - external
Definition - World rank and map
$NA
Economic aid - recipient
Definition
$NA
Currency (code)
Definition
Moroccan dirham (MAD)
Exchange rates
Definition
Moroccan dirhams per US dollar - 8.3563 (2007), 8.7722 (2006), 8.865 (2005), 8.868 (2004), 9.5744 (2003)
Fiscal year
Definition
calendar year


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