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ECON FACTBOOK

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Economy of Yemen

Population: 24 million in 20131

GDP: $36 billion in 20132

GDP per capita: $1,473 nominal3 ($3,958 PPP4) in 2013

GDP growth rate: 4.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Mining and utilities8,71128.0%
Other activities6,31420.3%
Wholesale, retail trade, restaurants and hotels5,08516.3%
Agriculture, hunting, forestry, fishing4,33313.9%
Transport, storage and communication3,25310.4%
Manufacturing2,4077.7%
Construction1,0413.3%
Total value added31,144100%

Employment

Unemployment rate: 17.4% in 20137

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $64 billion (178% of GDP) in 20149

Household Wealth per Adult: $5,153 in 20149

Gini Coefficient: .377 in 201310

Government

Central Government

Central Government Revenue: $7.8 billion (22% of GDP) in 201311

Central Government Expenditure: $12.3 billion (34% of GDP) in 201311

Central Government Budget Balance: -$4.5 billion (-12% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 35% in 201412

Monetary Policy

Money Supply (M0): $5.2 billion (14% of GDP) in 2013* 13

Benchmark Interest Rate: 15% in 201314

Total Reserves: $5.3 billion (15% of GDP) in 201315

Exchange Rate: 215 Yemeni Rial = 1 U.S. Dollar on Feb 8, 201516

Inflation: 17.2% in 201317

* Money supply calculated using the exchange rate 215 YER = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201318

N/A (data not available at Relbanks.com)

International Accounts

Exports: $6.7 billion (19% of GDP) in 201319

Imports: $11.0 billion (31% of GDP) in 201319

Trade Balance: -$4.3 billion (-12% of GDP) in 201319

Foreign Direct Investment Inflow: -$133 million (0.4% of GDP) in 201320

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $709 million (2% of GDP) in 201221

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: UN Human Development Report (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Tax Foundation (Corporate tax rate) Go back
13. Source: World Bank Indicators (Money supply) Go back
14. Source: Central Bank of Yemen (Benchmark interest rate) Go back
15. Source: World Bank Indicators (Total reserves) Go back
16. Source: xe.com (Exchange rate) Go back
17. Source: World Bank Indicators (Inflation rate) Go back
18. Source: Relbanks.com (Financial institutions by assets) Go back
19. Source: CIA World Factbook (Trade data) Go back
20. Source: World Bank Indicators (FDI data) Go back
21. Source: World Bank Indicators (Aid data) Go back