The Gross Domestic Product (GDP) in Yemen contracted 2.70 percent in 2018 from the previous year. Yemen GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Yemen averaged 2.54 percent from 1990 until 2018, reaching an all time high of 20.50 percent in 1996 and a record low of -28.10 percent in 2015. This page provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Yemen is expected to reach 2.00 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 13.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.


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Yemen GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -2.00 20.50 -28.10 1990 - 2018 percent Yearly


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.