| Economy | Western Sahara |
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Economy - overview:
|
Western Sahara has a small market-based economy whose main industries are fishing, phosphate mining, and pastoral nomadism. The territory's arid desert climate makes sedentary agriculture difficult, and Western Sahara imports much of its food. The Moroccan Government administers Western Sahara's economy and is a source of employment, infrastructure development, and social spending in the territory. Western Sahara's unresolved legal status makes the exploitation of its natural resources a contentious issue between Morocco and the Polisario. Morocco and the EU in July 2006 signed a four-year agreement allowing European vessels to fish off the coast of Morocco, including the disputed waters off the coast of Western Sahara. Oil has never been found in Western Sahara in commercially significant quantities, but Morocco and the Polisario have quarreled over who has the right to authorize and benefit from oil exploration in the territory. Western Sahara's main long-term economic challenge is the development of a more diverse set of industries capable of providing greater employment and income to the territory. |
GDP (purchasing power parity):
|
$906.5 million (2007 est.) |
GDP - per capita (PPP):
|
$2,500 (2007 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
NA% |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: 40% (2007 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA% |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Stock of narrow money:
|
void |
Stock of broad money:
|
void |
Labor force:
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144,000 (2010 est.) |
Labor force participation rate:
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28.39 % of population |
Labor force - by occupation:
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agriculture: 50%
industry and services: 50% (2005 est.) |
Unemployment rate:
|
NA% |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
revenues: $NA
expenditures: $NA |
Budget revenues per capita:
|
void |
Taxes and other revenues:
|
void |
Budget surplus (+) or deficit (-):
|
void |
Public debt:
|
void |
Industries:
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phosphate mining, handicrafts |
Industrial production growth rate:
|
NA% |
Electricity - production:
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90 million kWh (2008 est.) |
Electricity - production per capita:
|
178 kWh per capita |
Electricity - consumption:
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83.7 million kWh (2008 est.) |
Electricity - consumption - per capita:
|
166 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
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0 bbl/day (2010 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
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2,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
1.44 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2009 est.) |
Oil - imports:
|
1,802 bbl/day (2009 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2011 est.) |
Natural gas - production:
|
0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2009 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
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0 cu m (2009 est.) |
Natural gas - imports:
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0 cu m (2009 est.) |
Natural gas - proved reserves:
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0 cu m (1 January 2011 est.) |
Agriculture - products:
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fruits and vegetables (grown in the few oases); camels, sheep, goats (kept by nomads); fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$NA |
Exports per capita:
|
void |
Exports - commodities:
|
phosphates 62% |
Exports - partners:
|
void |
Imports:
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$NA |
Imports per capita:
|
void |
Imports - commodities:
|
fuel for fishing fleet, foodstuffs |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
Moroccan dirham (MAD) |
Exchange rates:
|
Moroccan dirhams (MAD) per US dollar -
8.081 (2011)
8.4172 (2010)
8.0571 (2009)
|
Fiscal year:
|
calendar year |
|
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