Current Account in Yemen

Yemen Current Account | Economic News & Forecasts

Yemen - Current Account

The economy was given some breathing room in recent weeks. The two-month truce brokered by the UN that was due to expire in early June was extended for a further two months, which bodes well for activity. Moreover, in early April, the World Bank approved an additional USD 300 million grant, which will benefit over 9 million citizens through social protection programs. Additionally, Saudi Arabia is set to make the final USD 174 million payment of its 2018 deposit, which totals USD 2 billion and aims to support Yemen’s currency. However, the USD 33 million raised at the UN’s emergency fundraiser fell way short out of the USD 144 million needed to unload the oil tanker moored off the coast. As a result, the risk of an oil spill and subsequent environmental damage remains.

Yemen - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-9.8  -3.6  -0.2  -1.9  -     

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Yemen Current Account Chart


Yemen Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Yemen.

Yemen Facts

Value Change Date
Exchange Rate250.40.0 %Dec 31
Stock Market0.60.0 %Dec 31

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