Includes historical data for the Yemen’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economic Potential Destroyed By War
This country of roughly 35 million, one of the most impoverished on the Arabian Peninsula, has been embroiled in conflict since late 2014 as a result of the power struggle between the Saudi-backed government and the rebel Houthi movement. The war has led to a devastating humanitarian crisis, shattered the economy and destroyed critical infrastructure. Even before the conflict erupted, corruption was widespread, poverty and unemployment rates were chronically high, and access to electricity and water, as well as eduction and health care, was severely limited.
Still, the World Bank sees a potential path to growth, albeit extremely narrow. Yemen is an oil-rich country: a lasting ceasefire between the warring factions, bolstered by the reopening of the main transport routes and improved integration in regional and global trade markets, could help reignite economic progress and stability.
Macroeconomy & Sovereign Data
Type of Government | Parliamentary republic |
---|---|
Capital | Sanaa |
Sovereign Ratings |
S&P: Not rated Moody’s: Not rated Fitch Ratings: Not rated |
Total Population | 34.8 million |
Median Age | 18.3 |
Adult Per Capita Income (PPP) | 2,076.33 |
Total GDP (2023) | 16.9 billion |
Yemen GDP & Economic Overview
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Yemen
Banking & Finance
Trade & Investment
Total Exports | USD 11.6 billion (2023) |
---|---|
Leading Exports |
Crude Petroleum Scrap Iron Gold Fish Shellfish |
Total Imports | USD 2.1 billion (2022) |
Leading Imports |
Wheat Raw Iron Bars Rice Garments Milk |
Source: | World Integrated Trade Solution |
Yemen Leading Companies
Tadhamon Bank | Financials |
---|---|
Yemen Mobile | Telecommunication Services |
Felix Airway | Airlines |
Safer E&P Operations | Integrated Oil & Gas |
National Cement Company | Materials, Building Products |
Hayel Saeed Anam Group | Conglomerate, Real Estate, Food Products, Trading |
Yemen TV | Media, Broadcasting |
Major Trade Partners — Import
United Arab Emirates | 24% |
---|---|
China | 10% |
Saudi Arabia | 6% |
Unspecified | 6% |
Oman | 5% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
Egypt | 50% |
---|---|
Turkey | 28% |
Oman | 11% |
Sudan | 9% |
Eritrea | 1% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
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