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 |