| People | Yemen |
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Economy - overview:
|
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):
|
$52.61 billion (2007 est.) |
GDP (official exchange rate):
|
$22.74 billion (2007 est.) |
GDP - real growth rate:
|
3.2% (2007 est.) |
GDP - per capita (PPP):
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$2,400 (2007 est.) |
GDP - composition by sector:
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agriculture: 12.4%
industry: 40.9%
services: 46.7% (2007 est.) |
Investment (gross fixed):
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19.1% of GDP (2007 est.) |
Population below poverty line:
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45.2% (2003) |
Household income or consumption by percentage share:
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lowest 10%: 3%
highest 10%: 25.9% (2003) |
Distribution of family income - Gini index:
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33.4 (1998) |
Inflation rate (consumer prices):
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10.7% (2007 est.) |
Labor force:
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6.316 million (2007 est.) |
Labor force participation rate:
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27.44 % of population |
Labor force - by occupation:
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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:
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35% (2003 est.) |
Budget:
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revenues: $7.902 billion
expenditures: $8.167 billion (2007 est.) |
Budget revenues per capita:
|
344 USD per capita |
Public debt:
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32.9% of GDP (2007 est.) |
Industries:
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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:
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3.2% (2007 est.) |
Electricity - production:
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4.456 billion kWh (2005 est.) |
Electricity - production per capita:
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194 kWh per capita |
Electricity - consumption:
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3.381 billion kWh (2005 est.) |
Electricity - consumption - per capita:
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147 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
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0 kWh (2005) |
Oil - production:
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402,000 bbl/day (2005 est.) |
Oil - production per capita:
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17,469 bbl/day per capita |
Oil - consumption:
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128,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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2.03 bbl/year per capita |
Oil - exports:
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320,600 bbl/day (2004) |
Oil - imports:
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58,100 bbl/day (2004) |
Oil - proved reserves:
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4 billion bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
459 billion cu m (1 January 2006 est.) |
Agriculture - products:
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grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish |
Current account balance:
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$178 million (2007 est.) |
Current account balance - per capita:
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8 USD per capita |
Exports:
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$7.586 billion f.o.b. (2007 est.) |
Exports per capita:
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330 USD per capita |
Exports - commodities:
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crude oil, coffee, dried and salted fish |
Exports - partners:
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China 31.4%, India 17.4%, Thailand 16.7%, South Korea 7%, US 6.7%, UAE 4.1% (2006) |
Imports:
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$6.592 billion f.o.b. (2007 est.) |
Imports per capita:
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287 USD per capita |
Imports - commodities:
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food and live animals, machinery and equipment, chemicals |
Imports - partners:
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UAE 16.4%, China 12.8%, Saudi Arabia 7.7%, Kuwait 5.8%, Brazil 4.5%, Malaysia 4.2%, US 4% (2006) |
Reserves of foreign exchange and gold:
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$7.871 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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343 USD per capita |
Debt - external:
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$6.122 billion (31 December 2007 est.) |
Debt - external - per capita:
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267 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
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void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
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void |
Economic aid - recipient:
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$2.3 billion (2003-07 disbursements) |
Economic aid - recipient per capita:
|
100 USD per capita |
Currency (code):
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Yemeni rial (YER) |
Exchange rates:
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Yemeni rials per US dollar - 199.14 (2007), 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003) |
Fiscal year:
|
calendar year |
|
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