×
Western Sahara

Western Sahara Economy Stats

Overview:

Western Sahara has a small market-based economy whose main indutries are fishing, phosphate mining, and pastoral nomadism. The territory's arid desert climate makes sedentary agriculture difficult, and Wstern Sahara imports much of its food. The Moroccan Government administers Western Sahara's economy and is a source of employment, infrstructure 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.

Definitions

  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition, by sector of origin > Services: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • Labor force: This entry contains the total labor force figure.
STAT AMOUNT DATE RANK HISTORY
Agriculture > Products fruits and vegetables (grown in the few oases); camels, sheep, goats (kept by nomads); fish 2013
Exchange rates Moroccan dirhams (MAD) per US dollar -
8.6 (2012)
8.07 (2011)
8.42 (2010)
8.06 (2009)
7.53 (2008)
2013
Exports > Commodities phosphates 62% 2013
Fiscal year calendar year 2013
GDP > Composition by sector > Services 40% 2007 9th out of 9
GDP > Composition, by sector of origin > Services 40% 2007 2nd out of 2
GDP > Per capita > PPP $2,500.00 2007 9th out of 10
GDP > Purchasing power parity $906.50 million 2007 6th out of 9
Industries phosphate mining, handicrafts 2013
Labor force 144 2013 41st out of 230

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook 2010, 2011, 2012, 2013

Citation

"Western Sahara Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Western-Sahara/Economy

Western Sahara Economy Profiles (Subcategories)

Electricity 4 Natural gas 5
GDP 3 Oil 8
Government 5 Trade 14
  • Western Sahara ranked first for labor force > by occupation > agriculture amongst Former Spanish colonies in 2013.
  • Western Sahara ranked 33 places from the bottom for GDP > per capita > PPP amongst Hot countries in 2007.
  • Western Sahara ranked #41 for labor force globally in 2013.
  • Western Sahara ranked 9th last for GDP > composition by sector > services amongst Sparsely populated countries in 2007.