Yemen GDP

Yemen country overview

Before we start to discuss Yemen GDP first we discuss Yemen country overview, so Yemen is officially called the Republic of Yemen. Yemen is located in Western Asia. Sana’a is the capital and largest city of Yemen.

Its official language is Arabic. In ethnic groups, 92% Arabs and 8% non-Arabs live in Yemen. In the religious divide, 99% Muslims and 1% non-Muslims living in Yemen.

Yemen’s government system is a unitary presidential republic but nowadays government system is gone into dispute because of the civil war in Yemen.

Yemen’s total land area is 555,010 km2. Its land area rank is 49th in the world. Its total population is approx. 30,491,100 in the year 2021.

Its population rank is 48th in the world. Yemen’s population density is 44/km2. Its population density rank is 160th in the world.

Yemen Economy

Yemen’s currency is called the Yemeni rial. Yemen’s economy is generally called the lowest developed and lowest income economy. The inflation rate in Yemen is 27% in the year 2020.

48% of its population lives below the poverty line. Yemen’s HDI rate is 0.316 in the year 2018 and its HDI rate is considered the lowest in the world countries.

The unemployment rate in Yemen is 13% in the year 2020. Yemen’s gross external debt is $7 billion in the year 2018. Its total foreign reserves are $240 million in the year 2018.

Yemen GDP

Its total GDP is $27 billion (nominal) and $70 billion (PPP) in the year 2018. Yemen’s GDP rank is 100th (nominal) and 98th (PPP) in the year 2020. Its GDP growth rate is 2% in the year 2020.

Yemen’s GDP per capita is $890 (nominal) and $2,250 (PPP) in the year 2019. Its GDP per capita rank is 165th (nominal) and 163rd (PPP) in the year 2019.

When we talk about its GDP by sector, agriculture by 20%, industry by 12% and services are 67% in the year 2018.

Yemen Exports

Yemen’s total exports are $37 million in the year 2021. Its main export goods are oil, dried fish, gas, and others. Its main export partners are Egypt, Oman, UAE, and others.

Yemen Imports

Its total imports are $5 billion in the year 2021. Its main import goods are food products, machinery, chemicals, and others. Its main import partners are UAE, China, India, and others.

References: Worldbank, IMF, Wikipedia

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