Western Sahara - Economy
How is the economy of Western Sahara? Based on the information we have, Western Sahara has a Western Sahara has a small market-based economy whose main industries are fishing, phosphate mining, tourism, and pastoral nomadism. The territory's arid desert climate makes sedentary agriculture difficult, and much of its food is imported. The Moroccan Government administers Western Sahara's economy and is a key 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 December 2013 finalized a four-year agreement allowing European vessels to fish off the coast of Morocco, including disputed waters off the coast of Western Sahara. As of April 2018, Moroccan and EU authorities were negotiating an amendment to renew the agreement. ++ Oil has never been found in Western Sahara in commercially significant quantities, but Morocco and the Polisario have quarreled over rights 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. However, following King MOHAMMED VI's November 2015 visit to Western Sahara, the Government of Morocco announced a series of investments aimed at spurring economic activity in the region, while the General Confederation of Moroccan Enterprises announced a $609 million investment initiative in the region in March 2015.. Key agricultural products in this country include: .
More about the economy of Western Sahara
Labor force 144,000 (2010 est.)
Industrial production growth rate NA
Industries phosphate mining, handicrafts
Population below poverty line NA
Taxes and other revenues NA
Fiscal year calendar year
Exchange rates
Debt - external
Budget
Revenues NA
Expenditures NA
Budget surplus (+) or deficit (-) NA
Household income
Lowest 10% NA
Highest 10% NA
Imports
Imports (partners)
Comodities Imports force fuel for fishing fleet, foodstuffs
Exports
Exports (partners)
Comodities Exports force phosphates 62% (2012 est.)
GDP (official exchange rate) NA
GDP - composition, by sector of origin
Agriculture NA (2007 est.)
Industry NA (2007 est.)
Services 40% (2007 est.)
Unemployment rate
All Important Facts about Western Sahara

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Western Sahara is found in Northern Africa