Yemen recorded a Current Account deficit of 0.01 percent of the country's Gross Domestic Product in 2018. source: Central Bank of Yemen

Current Account to GDP in Yemen averaged -2.10 percent from 2003 until 2018, reaching an all time high of 4 percent in 2005 and a record low of -8.80 percent in 2009. This page provides - Yemen Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Yemen Current Account to GDP - values, historical data and charts - was last updated on March of 2021.

Current Account to GDP in Yemen is expected to reach 1.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Yemen Current Account to GDP is projected to trend around 0.10 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Yemen Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.01 -0.10 4.00 -8.80 2003 - 2018 percent Yearly

Yemen Trade Last Previous Highest Lowest Unit
Balance of Trade -7409.45 -6651.64 1470.43 -9556.45 USD Million [+]
Current Account -579.00 -1532.00 1337.00 -2527.00 USD Million [+]
Current Account to GDP -0.01 -0.10 4.00 -8.80 percent [+]
Imports 9343.07 7905.10 13293.29 80.80 USD Million [+]
Exports 450.84 495.65 7439.63 4.37 USD Million [+]
Gold Reserves 1.56 1.56 1.56 1.56 Tonnes [+]
Crude Oil Production 66.00 66.00 466.00 12.00 BBL/D/1K [+]
Terrorism Index 7.58 7.26 8.08 3.17 [+]


Yemen Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.