Economy of Western Sahara

[Rick Rodriguez]

Western Sahara is considered a developing country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developing country, Western Sahara may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Developing country citizens may have a lower life expectancy than developed country citizens. Each year Western Sahara exports about $ 0.67 billion and imports about $ 5.47 billion. 6.8% of the country's population are unemployed. The total number of unemployed in Western Sahara is 38,585. The country's Gini index is 44.82. Western Sahara is experiencing poor equality. The gap between the richest and poorest citizens of this country is palpable.

Currency
The currency of Western Sahara is the Sahrawi peseta. The plural form of the word Sahrawi peseta is pesetas. The symbol used for this currency is د.م. and is abbreviated as MAD. The Sahrawi peseta is divided into centimes; there are 100 in a peseta. In Western Sahara, in addition to the main currency - the Saharan peseta - several other currencies are used. These currencies include the Algerian dinar, the Mauritanian ouguiya and the Moroccan dirham.

Credit rating
Creditworthiness is the extent to which international investors trust a country to pay debts and meet the country's credit obligations. No information is available on the creditworthiness of Western Sahara.

National debt
Western Sahara has a national debt of 70% of the country's gross domestic product (GDP) (as of 2013).

Finances

The total gross domestic product (GDP) in Western Sahara, valued as purchasing power parity (PPP), is $ 0.906 billion. The gross domestic product (GDP) in Western Sahara, valued as purchasing power parity (PPP) per capita, was last measured at $ 0 million. PPP in Western Sahara is considered below average compared to other countries. A below average PPP indicates that citizens in this country are struggling to buy local goods. Local goods can include food, shelter, clothing, health care, personal hygiene, essential home furnishings, transportation and communications, laundry, and various types of insurance. Countries with below average PPPs are dangerous places to invest. The total gross domestic product (GDP) in Western Sahara is 1 billion. Based on these statistics, Western Sahara is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Western Sahara was last measured at 0 million US dollars. The average citizen in Western Sahara has very little wealth. Countries with very low per capita wealth often have a lower life expectancy and a dramatically lower quality of life for their citizens. In countries with very low wealth, it can be very difficult to find a highly skilled workforce, as it is difficult for citizens to get the education necessary for specialized industries.

http://www.confiduss.com/en/jurisdictions/western-sahara/economy/