Current Account in Yemen

Yemen Current Account (USD bn) | Economic News & Forecasts

Yemen - Current Account (billions of U.S. Dollars)

The economy will likely have remained in a dire state at the outset of H2 due to the effects of war and the pandemic. The Houthis stepped up their attacks further to capture the government-controlled oil- and gas-rich Marib region. Meanwhile, the Yemeni rial—used in government-controlled regions—recovered some ground against the USD after sinking to historic lows in early August. However, the currency freefall, combined with spiking food inflation, heightens the threat of severe famine in the country as food becomes increasingly unaffordable. In response, on 9 August, USAID announced it will send USD 165 million in additional humanitarian aid in a bid to mitigate food scarcity. Additionally, the IMF’s SDR general allocations became available on 23 August—Yemen’s quota is around USD 665 million worth of reserves—which should provide some relief to the country’s foreign reserves. Lastly, Johnson & Johnson shipped a first batch of about 151,000 doses in late August.

Yemen - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-2.6  -0.9  0.0  -0.5  -1.2  

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Yemen Facts

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

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