The Gross Domestic Product (GDP) in Yemen expanded 2.10 percent in 2019 from the previous year.

GDP Annual Growth Rate in Yemen averaged 2.13 percent from 1990 until 2019, reaching an all time high of 20.50 percent in 1996 and a record low of -30.50 percent in 2015. This page provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Yemen GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in Yemen is expected to reach -3.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Yemen GDP Annual Growth Rate is projected to trend around 6.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Yemen GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 0.80 20.50 -30.50 1990 - 2019 percent Yearly

Yemen GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.10 0.80 20.50 -30.50 percent [+]
GDP 27.59 24.56 43.21 4.17 USD Billion [+]
GDP per capita 632.90 643.20 1334.80 632.90 USD [+]
GDP per capita PPP 2285.00 2404.40 4566.20 2285.00 USD [+]

Yemen GDP Annual Growth Rate
Yemen is one of the poorest countries in the world. Its economy depends on foreign aid and remittances from workers in neighbouring golf states. The most important sector of the economy is dwindling oil extraction, it accounts for around 70 percent of government revenue and 25 percent of GDP. Agriculture is also very important as it employs over 50 percent of the population. In recent years, the government has engaged in efforts to diversify the economy from dependency on oil. As a result, there was a surge of investment in the development of infrastructure for natural gas extraction. Yet, the political instability in 2011 has undermined development efforts, resulted in damage of infrastructure, rising unemployment and high inflation.