Current Account in Yemen

Yemen Current Account | Economic News & Forecasts

Yemen - Current Account

In positive news for war-torn Yemen’s economy, the government and southern separatists renewed their commitment to the Riyadh Agreement in January, which was signed by both parties late last year. The agreement is designed to end their power struggle in the country’s south, which involves the return of government officials to Aden and the placing of separatist forces under government control. The terms of the deal are currently being implemented, although the slow pace of implementation is cause for concern. Less positively, in the west of Yemen, Houthi rebels recently banned the use of newly-printed government bank notes in areas under their control, holding up payments to tens of thousands of civil servants and pensioners while causing wide-ranging transaction problems. The Houthis told residents to exchange newly-printed notes for old currency or electronic rial.

Yemen - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.4  -4.5  -11.4  -9.7  -     

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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

Exchange Rate250.40.0 %Dec 31
Stock Market0.60.0 %Dec 31

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