header HomePlacesMapsMap Products & ServicesHotels & TravelDestination GuidesWeb DirectoryContact

Yemen:
Economy

Flag of Yemen
Click to enlarge

Yemen Page


Economy - overview
Definition
Yemen, one of the poorest countries in the Arab world, reported average annual growth in the range of 3-4% from 2000 through 2007. Its economic fortunes depend mostly on declining oil resources, but the country is trying to diversify its earnings. In 2006 Yemen began an economic reform program designed to bolster non-oil sectors of the economy and foreign investment. As a result of the program, international donors pledged about $5 billion for development projects. In addition, Yemen has made some progress on reforms over the last year that will likely encourage foreign investment. Oil revenues probably increased in 2007 as a result of higher prices.
GDP (purchasing power parity)
Definition - World rank and map
$52.05 billion (2007 est.)
GDP (official exchange rate)
Definition
$21.66 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
3.1% (2007 est.)
GDP - per capita
Definition - World rank and map
$2,300 (2007 est.)
GDP - composition by sector
Definition
agriculture: 12.3%
industry: 41.5%
services: 46.2% (2007 est.)
Labor force
Definition
6.316 million (2007 est.)
Labor force - by occupation
Definition
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
Definition - World rank and map
35% (2003 est.)
Population below poverty line
Definition
45.2% (2003)
Household income or consumption by percentage share
Definition
lowest 10%: 3%
highest 10%: 25.9% (2003)
Distribution of family income - Gini index
Definition - World rank and map
33.4 (1998)
Inflation rate (consumer prices)
Definition - World rank and map
12.5% (2007 est.)
Investment (gross fixed)
Definition - World rank and map
25.2% of GDP (2007 est.)
Budget
Definition
revenues: $7.407 billion
expenditures: $8.177 billion (2007 est.)
Public debt
Definition - World rank and map
33.7% of GDP (2007 est.)
Agriculture - products
Definition
grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish
Industries
Definition
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
Industrial production growth rate
Definition - World rank and map
3.2% (2007 est.)
Electricity - production
Definition - World rank and map
4.456 billion kWh (2005 est.)
Electricity - consumption
Definition - World rank and map
3.381 billion kWh (2005 est.)
Electricity - consumption per capita
Definition - World rank and map
147 kWh (2005 est.)
Electricity - exports
Definition
0 kWh (2005)
Electricity - imports
Definition
0 kWh (2005)
Oil - production
Definition - World rank and map
402,000 bbl/day (2005 est.)
Oil - consumption
Definition - World rank and map
128,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
5.6 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
320,600 bbl/day (2004)
Oil - imports
Definition - World rank and map
58,100 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
3.58 billion bbl (2007 est.)
Natural gas - production
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
0 cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
459 billion cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
-$924 million (2007 est.)
Exports
Definition - World rank and map
$7.102 billion f.o.b. (2007 est.)
Exports - commodities
Definition
crude oil, coffee, dried and salted fish
Exports - partners
Definition
China 21.8%, India 20%, Thailand 18.7%, South Korea 8.1%, Japan 7.1%, UAE 4.9%, US 4.1% (2006)
Imports
Definition - World rank and map
$6.735 billion f.o.b. (2007 est.)
Imports - commodities
Definition
food and live animals, machinery and equipment, chemicals
Imports - partners
Definition
UAE 15.2%, China 12%, US 7.8%, Saudi Arabia 7.2%, Kuwait 5.3%, Germany 4.8%, Brazil 4.3% (2006)
Reserves of foreign exchange and gold
Definition - World rank and map
$7.76 billion (31 December 2007 est.)
Debt - external
Definition - World rank and map
$6.044 billion (31 December 2007 est.)
Market value of publicly traded shares
Definition
$NA
Economic aid - recipient
Definition
$2.3 billion (2003-07 disbursements)
Currency (code)
Definition
Yemeni rial (YER)
Exchange rates
Definition
Yemeni rials per US dollar - 199.14 (2007), 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003)
Fiscal year
Definition
calendar year


Google
 
Web sitesatlas.com