Browse additional economic indicators and data sets

Yemen

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

Most Recent Content

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


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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