Yemen GDP (YER bn)

GDP in Yemen

In April, a Saudi delegation traveled to Yemen to engage in talks with the Houthis, possibly setting the stage for conflict resolution; a major prisoner swap took place mid-month, as the warring parties seemed to renew their commitment to reaching a ceasefire. However, the economy remains in a dire state, amid a severe humanitarian crisis and widespread food insecurity. Additionally, in April and May, heat waves and flooding hampered agricultural production, further damaged infrastructure and exacerbated the electricity crisis; power outages are weighing on activity. In addition, on 19 May, a 250-kilometer-long oil spill was detected in the Red Sea, threatening both the environment and the economy. More positively, a UN conference on 4 May unlocked the final funds needed to start unloading oil from the supertanker Safer; the operation began on 30 May.

Yemen GDP Chart

This chart displays GDP (LCU bn) for Yemen from 2012 to 2021.

Yemen GDP Data

2017 2018 2019 2020 2021
GDP (YER bn) 4,600 6,659 3,233 2,347 2,486

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