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Western Sahara Economy 2010
https://workmall.com/wfb2010/western_sahara/western_sahara_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Western Sahara Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 20, 2010

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 (official exchange rate):
$NA

GDP - real growth rate:

GDP - per capita (PPP):
$2,500 (2007 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: 40% (2007 est.)

Labor force:
12,000 (2005 est.)

Labor force - by occupation:
agriculture: 50%
industry and services: 50% (2005 est.)

Unemployment rate:
NA% est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $NA
expenditures: $NA

Inflation rate (consumer prices):
NA% est.)

Agriculture - products:
fruits and vegetables (grown in the few oases); camels, sheep, goats (kept by nomads); fish

Industries:
phosphate mining, handicrafts

Industrial production growth rate:
NA%

Electricity - production:
90 million kWh (2007 est.)

Electricity - consumption:
83.7 million kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
0 kWh (2008 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
2,000 bbl/day (2008 est.)

Oil - exports:
0 bbl/day (2007 est.)

Oil - imports:
1,702 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
0 cu m (2008 est.)

Natural gas - consumption:
0 cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
0 cu m (1 January 2009 est.)

Exports:
$NA

Exports - commodities:
phosphates 62%

Imports:
$NA

Imports - commodities:
fuel for fishing fleet, foodstuffs

Debt - external:
$NA

Exchange rates:
Moroccan dirhams (MAD) per US dollar - 8.1081 (2009), 7.526 (2008), 8.3563 (2007), 8.7722 (2006), 8.865 (2005)


NOTE: The information regarding Western Sahara on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Western Sahara Economy 2010 information contained here. All suggestions for corrections of any errors about Western Sahara Economy 2010 should be addressed to the CIA.






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