| Economy | Western Sahara |
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Economy - overview:
|
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):
|
$900 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 |
Labor force:
|
12,000 (2005 est.) |
Labor force participation rate:
|
2.96 % of population |
Labor force - by occupation:
|
agriculture: 50%
industry and services: 50% (2005 est.) |
Unemployment rate:
|
NA% |
Budget:
|
revenues: $NA
expenditures: $NA |
Budget revenues per capita:
|
void |
Public debt:
|
void |
Industries:
|
phosphate mining, handicrafts |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
90 million kWh (2006 est.) |
Electricity - production per capita:
|
223 kWh per capita |
Electricity - consumption:
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83.7 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
207 kWh per capita |
Electricity - exports:
|
0 kWh (2007) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
1,760 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
1.59 bbl/year per capita |
Oil - exports:
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0 bbl/day (2005) |
Oil - imports:
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1,925 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
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:
|
$NA |
Exports per capita:
|
void |
Exports - commodities:
|
phosphates 62% |
Exports - partners:
|
void |
Imports:
|
$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 |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
Moroccan dirham (MAD) |
Exchange rates:
|
Moroccan dirhams (MAD) per US dollar - 7.526 (2008 est.), 8.3563 (2007), 8.7722 (2006), 8.865 (2005), 8.868 (2004) |
Fiscal year:
|
calendar year |
|
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