Economy - overview:
Yemen is a low income country that is highly dependent on declining oil resources for revenue. Petroleum accounts for roughly 25% of GDP and 70% of government revenue. Yemen has tried to counter the effects of its declining oil resources by diversifying its economy through an economic reform program initiated in 2006 that is designed to bolster non-oil sectors of the economy and foreign investment. In October 2009, Yemen exported its first liquefied natural gas as part of this diversification effort. In January 2010, the international community established the Friends of Yemen group that aims to support Yemen's efforts toward economic and political reform. The Arab revolution that began in early 2011 caused GDP to plunge more than 10% in 2011, and GDP in 2012 began a modest recovery but has not reached pre-2011 levels. Yemen continues to face difficult long term challenges, including declining water resources, high unemployment, and a high population growth rate.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Yemen on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Yemen Economy 2013 information contained here. All suggestions for corrections of any errors about Yemen Economy 2013 should be addressed to the CIA.
$57.76 billion (2012 est.)
country comparison to the world: 91
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$36.37 billion (2012 est.)
-1.9% (2012 est.)
country comparison to the world: 204
$2,200 (2012 est.)
country comparison to the world: 189
note:
data are in 2012 US dollars
agriculture: 7.9%
industry:
40.6%
services:
51.5% (2012 est.)
7.158 million (2012 est.)
country comparison to the world: 63
note: most people are employed in agriculture and herding; services, construction, industry, and commerce account for less than one-fourth of the labor force
35% (2003 est.)
country comparison to the world: 183
45.2% (2003)
lowest 10%: 2.9%
highest 10%:
30.8% (2005)
37.7 (2005)
country comparison to the world: 72
17.8% of GDP (2012 est.)
country comparison to the world: 122
revenues: $7.63 billion
expenditures:
$12.01 billion (2012 est.)
21% of GDP (2012 est.)
country comparison to the world: 153
-12% of GDP (2012 est.)
country comparison to the world: 208
42.5% of GDP (2012 est.)
country comparison to the world: 82
11.4% (2012 est.)
country comparison to the world: 202
NA%
25% (31 December 2012 est.)
country comparison to the world: 12
$4.868 billion (31 December 2012 est.)
country comparison to the world: 103
$10.59 billion (31 December 2012 est.)
country comparison to the world: 106
$8.817 billion (31 December 2012 est.)
country comparison to the world: 104
$NA
grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish
crude oil production and petroleum refining; small-scale production of cotton textiles and leather goods; food processing; handicrafts; small aluminum products factory; cement; commercial ship repair; natural gas production
9% (2010 est.)
country comparison to the world: 17
-$2.19 billion (2012 est.)
country comparison to the world: 140
$7.958 billion (2012 est.)
country comparison to the world: 101
crude oil, coffee, dried and salted fish, liquefied natural gas
China 29.5%, Thailand 13.4%, South Korea 10.6%, India 7.5%, Japan 6%, US 5.8%, UAE 4.7% (2011)
$8.893 billion (2012 est.)
country comparison to the world: 103
food and live animals, machinery and equipment, chemicals
UAE 18.8%, China 11.8%, Saudi Arabia 8.9%, Kuwait 6.6%, India 6.5%, France 4.7%, US 4.2% (2011)
$4.7 billion (31 December 2012 est.)
country comparison to the world: 94
$6.726 billion (31 December 2012 est.)
country comparison to the world: 105
$NA
Yemeni rials (YER) per US dollar -
calendar year
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 11-Mar-13