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World > Africa > Western Sahara > Economy (Facts)

Western Sahara - Economy (Facts)
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 - real growth rate: NA
GDP (purchasing power parity): NA
GDP (official exchange rate): NA
GDP - per capita (PPP): NA
GDP - composition by sector: agriculture: NA
industry: NA
services: 40%
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): NA
Labor force: 12,000
Labor force - by occupation: agriculture: 50%
industry and services: 50%
Unemployment rate: NA
Budget: revenues: NA
expenditures: NA
Industries: phosphate mining, handicrafts
Industrial production growth rate: NA
Electricity - production: 85 million kWh (2004)
Electricity - consumption: 79.05 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 1,800 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: fruits and vegetables (grown in the few oases); camels, sheep, goats (kept by nomads); fish
Exports: NA
Exports - commodities: phosphates 62%
Exports - partners: Morocco claims and administers Western Sahara, so trade partners are included in overall Moroccan accounts (2006)
Imports: NA
Imports - commodities: fuel for fishing fleet, foodstuffs
Imports - partners: Morocco claims and administers Western Sahara, so trade partners are included in overall Moroccan accounts (2006)
Debt - external: NA
Economic aid - recipient: NA
Currency: Moroccan Dirham (MAD)

Current Moroccan Dirham Exchange Rates
Historical Moroccan Dirham Exchange Rates
Chart Moroccan Dirham Exchange Rates
Currency code: MAD
Exchange rates: Moroccan dirhams per US dollar - 8.7722 (2006), 8.865 (2005), 8.868 (2004), 9.5744 (2003), 11.0206 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Current Time - Ranking Positions - Moroccan Dirham Exchange Rates



Facts at a Glance
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Current Time
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Moroccan Dirham Exchange Rates







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