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    Yemen Arab Republic Economy - 1989
    https://theodora.com/wfb1989/yemen_arab_republic/yemen_arab_republic_economy.html
    SOURCE: 1989 CIA WORLD FACTBOOK

      Overview: The low level of domestic industry and agriculture make North Yemen dependent on imports for virtually all of its essential needs. Large trade deficits are made up for by remittances from Yemenis working abroad and foreign aid. Once self-sufficient in food production, the YAR is now a major importer. Land once used for export crops--cotton, fruit, and vegetables--has been turned over to growing qat, a mildly narcotic shrub chewed by Yemenis that has no significant export market. Oil export revenues from the petroleum resources discovered in 1984 started flowing in late 1987. This should place enough revenue in government hands to help balance the budget and to finance development projects for boosting food and industrial production. The YAR has one of the worst export/import ratios in the world.

      GDP: $4.5 billion, per capita $690; real growth rate 4.8% (1987)

      Inflation rate (consumer prices): 21.7% (1987)

      Unemployment rate: 13% (1986)

      Budget: revenues $1.18 billion; expenditures $1.68 billion, including capital expenditures of $460 million (1986 est.)

      Exports: $51.1 million (f.o.b., 1987); @m5commodities--crude oil, cotton, coffee, hides, vegetables; @m5partners--US 41%, PDRY 14%, Japan 12%

      Imports: $1.4 billion (f.o.b., 1987); @m5commodities--textiles and other manufactured consumer goods, petroleum products, sugar, grain, flour, other foodstuffs, and cement; @m5partners--Italy 10%, Saudi Arabia 9%, US 9.3%, Japan 9%, UK 8% (1985)

      External debt: $2.9 billion (December 1988)

      Industrial production: growth rate 7.6% (1987 est.)

      Electricity: 415,000 kW capacity; 499 million kWh produced, 75 kWh per capita (1988)

      Industries: crude oil production, small-scale production of cotton textiles and leather goods; food processing; handicrafts; fishing; small aluminum products factory; cement

      Agriculture: sorghum and millet, qat (a mildly narcotic shrub), cotton, coffee, fruits and vegetables, livestock

      Aid: NA

      Currency: Yemeni riyal (plural--riyals); 1 Yemeni riyal (YR) = 100 fils

      Exchange rates: Yemeni riyals (YR) per US$1--9.7600 (December 1988), 9.7717 (1988), 10.3417 (1987), 9.6392 (1986), 7.3633 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Yemen Arab Republic on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Yemen Arab Republic Economy 1989 information contained here. All suggestions for corrections of any errors about Yemen Arab Republic Economy 1989 should be addressed to the CIA.

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    https://theodora.com/wfb1989/yemen_arab_republic/yemen_arab_republic_economy.html

    Revised 15-Apr-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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