Economy of Yemen
Population: 28.50 M (2018)
GDP per Capita: 944 USD (2018)
26,910 M.

GDP USD

(2018)

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2,018 B.

EXPORTS USD

(2018)

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2,018 B.

IMPORTS USD

(2018)

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84.28 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.82 % (2013)
GDP of 2010 USD USD 19.00 B. (2018)
GDP Current USD USD 26.91 B. (2018)
GDP per Capita Current USD USD 944 (2018)
GDP per capita, PPP USD 2,285 (2018)
GDP per Capita, 2010 USD USD 668 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 84.28 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 157.62 (2018)
Trade Openness 157.62 (2018)
Exports of Goods and Services % GDP
Exports Goods & Services
Exports Annual Growth 157.62 (2018)
Imports as % GDP 157.62 (2018)
Total Imports
Foreign Direct Investment % GDP 0.61 % (2010)
Foreign Direct Investment USD 0.19 B. (2010)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 5.34 B. (2013)
Remittances % GDP 12.45 % (2018)
Remittances USD 3,771 M. (2016)
Balance of Payments USD 1,259 M. (2016)

Labor Market

Indicator Value
Labor Force 6.81 M. (2019)
Unemployment Rate 12.81 % (2019)
Unemployment Rate Females 24.88 % (2019)
Unemployment Rate Males 11.91 % (2019)
Youth Unemployment (ages 15-24) 23.39 % (2019)
Labor Force Participation Rate 38.45 % (2019)
Labor Force (Percent Female) 7.68 % (2019)
Female Labor Force Participation Rate 5.83 % (2019)
Male Labor Force Participation Rate 70.87 % (2019)
Dependent People 73.89 % (2018)

Agriculture Sector

Indicator Value
Forest Area 1.00 % (2016)
Forest Area km² 5,490 km² (2016)
Agricultural Land 44.60 % (2016)
Agricultural Land km² 235,460 km² (2016)
Employment 35.61 % (2019)
Value added % GDP 4.03 % (2018)
Agriculture Value added USD 1.08 B. (2018)
Crop Production Index 129.00 (2016)
Precipitation 167 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 729 kg/hectare (2017)
Food production index 142 (2016)
Rural Population 63 % (2018)
Fertilizer use of Arable Land 16 kg/hectare (2016)
Livestock Production Index 158 (2016)
Economy of Yemen

According to the World Bank and its latest published data, the economy of the Yemen presents a growth rate of 4.82 % (2013) to the previous year.

With a population that reaches 28.50 M (2018) and a gross domestic product of USD 26.91 B. (2018), it translates a Gross Domestic Product per Capita of USD 944 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Yemen also has a workforce of 6.81 M. (2019) with an unemployment rate of 12.81 % (2019), where women represent 24.88 % (2019) and men 11.91 % (2019), the unemployment rate for young people between 15-24 years old stood at 23.39 % (2019). The total number of dependent people stands at 73.89 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 84.28 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Yemen exported , which represents of its gross domestic product, in that same sense its imports reached with a direct foreign investment of USD 0.19 B. (2010).

Yemen has a forest area of 5,490 km² (2016), which represents 1.00 % (2016) of its total area, an average rainfall of 167 mm (2014) per year and a population of 63 % (2018) living in rural areas. With a total area of 235,460 km² (2016) available for agriculture and 35.61 % (2019) of its employments, the agricultural sector contributes to the economy of the Yemen about USD 1.08 B. (2018) (4.03 % (2018) of its GDP).