Browse additional economic indicators and data sets

Yemen

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Yemen economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Yemen best banks and safest banks are also available.

Basic Information

Government Type: In transition

Capital City: Sanaa

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Yemen

Currency Yemeni rials (YER)

International Reserves N/A
Gross Domestic Product – GDP USD 26.9 billion (2018, estimate)

GDP (Purchasing Power Parity) Intl$ 84.5 billion (2017, estimate)

GDP Data

Real GDP growth 2014 -0.2%
2015 -16.7%
2016 -13.6%
2017* -5.9%
2018* -2.7%

*Estimate
GDP per capita – current prices USD 873.4 (2018, estimate)

GDP per capita – PPP Intl$ 2,377.2 (2018, estimate)

GDP (PPP) – share of world total 0.05% (2019, estimate)

GDP – composition by sector agriculture: 4.0%
industry: 28.7%
services: 13.5%
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 22.0%
2016 21.3%
2017* 30.4%
2018* 27.6%
2019* 14.7%

*Estimate

Inflation & Debt

Inflation 2015 22.0%
2016 21.3%
2017* 30.4%
2018* 27.6%
2019* 14.7%
Government Bond Ratings Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s (Updated January 2017)
Unemployment rate N/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 65.6%
2016 79.6%
2017* 84.3%
2018* 64.8%
2019* 56.3%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -10.0%
2016 -9.3%
2017* -5.3%
2018* -6.3%
2019* -6.9%

*Estimate

Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 5.9% (2017)

Shares in world total merchandising export 0.004% (2018)

Shares in world total commercial services export 0.008% (2018)

Total exports USD 1.6 billion (2018 estimate)

Export commodities Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems, and medical herbs

Total imports USD 8.3 billion (2018 estimate)

Import commodities Machinery and other capital goods, food, textiles, petroleum products

Exports – major partners India 56.5%, Pakistan 29.6% (2017)

Imports – major partners China 21%, Iran 20.5%, Pakistan 11.8%, Kazakhstan 11%, Uzbekistan 6.8%, Malaysia 5.3%(2017)

Competitiveness & Trade

Current account balance USD -0.5 billion (2018 estimate)

Current account balance by percentage of GDP -1.8% (2018 estimate)

FDI inflows 2016 USD -561 million
2017 USD -270 million
2018 USD -282 million
FDI Outflows 2016 USD 0.8 million
2017 USD 5.6 million
2018 USD 3.6 million
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 187 out of 190 countries

Subcategories:

Starting a Business: 156 out of 190 countries

Dealing with Construction Permits: 186 out of 190 countries

Getting Electricity: 187 out of 190 countries

Registering Property: 86 out of 190 countries

Getting Credit: 186 out of 190 countries

Protecting Minority Investors: 162 out of 190 countries

Paying Taxes: 89 out of 190 countries

Trading across Borders: 188 out of 190 countries

Enforcing Contracts: 143 out of 190 countries

Resolving Insolvency: 159 out of 190 countries
Global competitiveness ranking 140 out of 141 countries

(2019)
Index of Economic Freedom N/A

Population & Geographic Data

Total Area 527,968 sq km

Total Population 1990 12.09 million
2000 17.94 million
2010 24.4 million
2015 28.3 million
2020* 32.5 million
Urban population as % of total population 1960 9.1%
1980 17.5%
2000 26.3%
2018 36.6%
Population median age 19.8 years (2018 estimate)

Population growth rate 2.17% (2018 estimate)

Life expectancy 65.2 years (2018 estimate)

% of population living on less than $3.10 a day 52.2% (2014)

Inequality of wealth distribution (Gini index) 36.7 (2014)

Freedom House rating Political Rights: 7
Civil Liberties: 6 (2019)

(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed 4.3% Mobile 55.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 26.7% (2017)

Language & Religon

Languages Arabic (official)

Literacy Total population: 70.1%
Male: 85.1%
Female: 55% (2015 est.)

(age 15 and over can read and write)
Religions Muslim 99.1% (official; virtually all are citizens, an estimated 65% are Sunni and 35% are Shia), other 0.9% (includes Jewish, Baha’i, Hindu, and Christian; many are refugees or temporary foreign residents) (2010 est.)


CIA World Factbook / Religions

World Rankings

Population 2.8 M
Mercer Cost of living index N/A
C02 Emissions per capita 1.9 metric tons per capita (2018)

Global Finance Rankings & Awards: Yemen

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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