Yemen: Economy
Due to political unrest, the information on these pages may not reflect current conditions in the country.
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Yemen is a beneficiary of the Friends of Yemen organization, which consists of several countries pledging to support Yemen's efforts to reform itself economically and politically. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): United Arab Emirates, China, and Saudi Arabia |
| Top Industries Source: CIA World Factbook | Crude Oil Production and Petroleum Refining; Cotton Textiles and Leather Goods; Food Processing; Handicrafts |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $73,387,720,841 (2018) |
| GDP Growth Rate (annual %) | -2.062% (2021) |
| GDP Per Capita, PPP (current international) | $2,575 (2018) |
GDP Country Rank 105/197 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 8.105% (2014) |
| External debt stocks, total (DOD, current US$) | $7,587,261,730 (2021) |
| Total tax rate (% of commercial profits) | 26.6% (2019) |
| Real Interest Rate (5 year average %) | 11.789% (2013) |
| Manufacturing, value added (% of GDP) | 3.771% (2018) |
| Current Account Balance (BoP, current US$) | ($2,418,960,821) (2016) |
Labor and Employment [1]
| Labor Force, Total | 7,815,910 (2022) |
| Employment in Agriculture (% of total employment) | 28.093% (2021) |
| Employment in Industry (% of total employment) | 11.67% (2021) |
| Employment in Services (% of total employment) | 60.237% (2021) |
| Unemployment Rate | 13.59% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $8,407,513,091 (2020) |
| Exports of goods and services (current US$) | $1,179,872,637 (2020) |
| Total Merchandise Trade (% of GDP) | 28.882% (2022) |
| FDI, net inflows (BoP, current US$) | ($370,982,778) (2019) |
| Commercial Service Exports (current US$) | $308,655,570 (2016) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Yemen’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.