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 towards economic and political reform, and in August 2010 the IMF approved a three-year $370 million program to further this effort. Despite these ambitious endeavors, Yemen continues to face difficult long term challenges, including declining water resources 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: 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: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: 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:
NOTE: The information regarding Yemen on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Yemen Economy 2011 information contained here. All suggestions for corrections of any errors about Yemen Economy 2011 should be addressed to the CIA.
$61.88 billion (2010 est.)
country comparison to the world: 85
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$30.02 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
5.2% (2010 est.)
country comparison to the world: 52
[see also: GDP - real growth rate country ranks ]
$2,600 (2010 est.)
country comparison to the world: 174
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 8.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
38.8%
[see also: GDP - composition by sector - industry country ranks ]
services:
53% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
6.832 million (2009 est.)
country comparison to the world: 63
[see also: Labor force country ranks ]
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: 185
[see also: Unemployment rate country ranks ]
45.2% (2003)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.9%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
30.8% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
37.7 (2005)
country comparison to the world: 76
[see also: Distribution of family income - Gini index country ranks ]
19.4% of GDP (2009 est.)
country comparison to the world: 96
[see also: Investment (gross fixed) country ranks ]
revenues: $7.581 billion
[see also: Budget - revenues country ranks ]
expenditures:
$9.345 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
39.1% of GDP (2010 est.)
country comparison to the world: 76
[see also: Public debt country ranks ]
12.2% (2010 est.)
country comparison to the world: 210
[see also: Inflation rate (consumer prices) country ranks ]
NA%
[see also: Central bank discount rate country ranks ]
18% (31 December 2009 est.)
country comparison to the world: 27
[see also: Commercial bank prime lending rate country ranks ]
$3.551 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$9.739 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$5.297 billion (31 December 2010 est.)
country comparison to the world: 109
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
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% (2009 est.)
country comparison to the world: 20
[see also: Industrial production growth rate country ranks ]
5.665 billion kWh (2007 est.)
country comparison to the world: 107
[see also: Electricity - production country ranks ]
4.133 billion kWh (2007 est.)
country comparison to the world: 117
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
288,400 bbl/day (2009 est.)
country comparison to the world: 37
[see also: Oil - production country ranks ]
155,000 bbl/day (2009 est.)
country comparison to the world: 66
[see also: Oil - consumption country ranks ]
274,400 bbl/day (2007 est.)
country comparison to the world: 43
[see also: Oil - exports country ranks ]
65,860 bbl/day (2007 est.)
country comparison to the world: 78
[see also: Oil - imports country ranks ]
3.16 billion bbl (1 January 2010 est.)
country comparison to the world: 30
[see also: Oil - proved reserves country ranks ]
454,700 cu m (2009 est.)
country comparison to the world: 93
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 161
[see also: Natural gas - consumption country ranks ]
454,700 cu m (2009 est.)
country comparison to the world: 45
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 113
[see also: Natural gas - imports country ranks ]
478.5 billion cu m (1 January 2010 est.)
country comparison to the world: 32
[see also: Natural gas - proved reserves country ranks ]
-$2.181 billion (2010 est.)
country comparison to the world: 157
[see also: Current account balance country ranks ]
$7.462 billion (2010 est.)
country comparison to the world: 96
[see also: Exports country ranks ]
crude oil, coffee, dried and salted fish, liquefied natural gas
China 36%, Thailand 17.63%, India 13.54%, South Africa 6.16%, Japan 5.49%, UAE 4.99% (2009)
$8.35 billion (2010 est.)
country comparison to the world: 98
[see also: Imports country ranks ]
food and live animals, machinery and equipment, chemicals
China 13.98%, UAE 12.3%, India 8.63%, Saudi Arabia 5.8%, US 4.52%, Brazil 4.51%, Turkey 4.51%, Kuwait 4.33%, France 4.24% (2009)
$5.744 billion (31 December 2010 est.)
country comparison to the world: 64
[see also: Reserves of foreign exchange and gold country ranks ]
$7.147 billion (31 December 2010 est.)
country comparison to the world: 95
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
Yemeni rials (YER) per US dollar - 220.05 (2010), 202.85 (2009), 199.76 (2008), 199.14 (2007), 197.18 (2006)
This page was last modified 09-Feb-11