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Yemen Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Yemen Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 27,

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 toward 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):
$63.24 billion (2011 est.)
country comparison to the world: 86

$64.87 billion (2010 est.)
$60.08 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$36.7 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-2.5% (2011 est.)
country comparison to the world: 210

8% (2010 est.)
3.9% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,500 (2011 est.)
country comparison to the world: 177

$2,700 (2010 est.)
$2,500 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 8.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 41.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 50.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
7.03 million (2011 est.)
country comparison to the world: 62
[see also: Labor force country ranks ]

Labor force - by occupation:
note: most people are employed in agriculture and herding; services, construction, industry, and commerce account for less than one-fourth of the labor force

Unemployment rate:
35% (2003 est.)
country comparison to the world: 181
[see also: Unemployment rate country ranks ]

Population below poverty line:
45.2% (2003)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Distribution of family income - Gini index:
37.7 (2005)
country comparison to the world: 76

33.4 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
18.7% of GDP (2011 est.)
country comparison to the world: 140
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $5.507 billion
[see also: Budget revenues country ranks ]
expenditures: $9.003 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
15% of GDP (2011 est.)
country comparison to the world: 189
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-9.5% of GDP (2011 est.)
country comparison to the world: 192
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
37.2% of GDP (2011 est.)
country comparison to the world: 81

30.8% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
20% (2011 est.)
country comparison to the world: 217

11.2% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA%
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
27% (31 December 2011 est.)
country comparison to the world: 8

25% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.599 billion (31 December 2011 est.)
country comparison to the world: 109

$3.679 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$9.502 billion (31 December 2011 est.)
country comparison to the world: 106

$10.13 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$6.637 billion (31 December 2011 est.)
country comparison to the world: 107

$6.183 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish

Industries:
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

Industrial production growth rate:
9% (2010 est.)
country comparison to the world: 13
[see also: Industrial production growth rate country ranks ]

Electricity - production:
6.153 billion kWh (2008 est.)
country comparison to the world: 107
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.646 billion kWh (2008 est.)
country comparison to the world: 115
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
258,800 bbl/day (2010 est.)
country comparison to the world: 38
[see also: Oil - production country ranks ]

Oil - consumption:
157,000 bbl/day (2010 est.)
country comparison to the world: 65
[see also: Oil - consumption country ranks ]

Oil - exports:
207,700 bbl/day (2009 est.)
country comparison to the world: 55
[see also: Oil - exports country ranks ]

Oil - imports:
64,610 bbl/day (2009 est.)
country comparison to the world: 82
[see also: Oil - imports country ranks ]

Natural gas - production:
520 million cu m (2009 est.)
country comparison to the world: 70
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
100 million cu m (2009 est.)
country comparison to the world: 104
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
420 million cu m (2009 est.)
country comparison to the world: 41
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 79
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
478.5 billion cu m (1 January 2011 est.)
country comparison to the world: 31
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$3.12 billion (2011 est.)
country comparison to the world: 167

-$1.209 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$7.127 billion (2011 est.)
country comparison to the world: 105

$7.718 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
crude oil, coffee, dried and salted fish, liquefied natural gas

Exports - partners:
China 34.4%, India 23%, Thailand 6.6%, South Africa 5.7%, Japan 5.3%, UAE 4.8% (2010)

Imports:
$9.183 billion (2011 est.)
country comparison to the world: 98

$8.701 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
food and live animals, machinery and equipment, chemicals

Imports - partners:
UAE 13.5%, China 12.2%, India 8.9%, Saudi Arabia 6.4%, Kuwait 4.7%, France 4.3%, Brazil 4.1% (2010)

Reserves of foreign exchange and gold:
$4.311 billion (31 December 2011 est.)
country comparison to the world: 92

$5.942 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$6.636 billion (31 December 2011 est.)
country comparison to the world: 104

$6.586 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Exchange rates:
Yemeni rials (YER) per US dollar -

229.8 (2011 est.)
219.59 (2010 est.)
202.85 (2009)
199.76 (2008)
199.14 (2007)


NOTE: 1) The information regarding Yemen on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Yemen Economy 2012 information contained here. All suggestions for corrections of any errors about Yemen Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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