| Introduction - Yemen: |
| Location - Yemen: |
| People - Yemen: |
| Government - Yemen: |
| Economy - Yemen: |
Economy overview | Yemen, one of the poorest countries in the Arab world, reported average annual growth of 3.5% from 2000 through 2006. Its economic fortunes depend mostly on oil. Oil revenues probably increased in 2006 as a result of higher prices. Yemen was on an IMF-supported structural adjustment program designed to modernize and streamline the economy, which led to substantial foreign debt relief and restructuring. However, government dedication to the program waned in 2001 for political reasons. Yemen is struggling to control excessive spending and rampant corruption. Yemen is dependent on foreign aid to finance its budget deficits and development projects. In November, Yemen secured $4.7 billion in assistance from Arabian Gulf and Western donors. |
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Gdp purchasing power parity | $20.63 billion (2006 est.) |
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Gdp official exchange rate | $15.07 billion (2006 est.) |
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Gdp real growth rate | 2.6% (2006 est.) |
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Gdp per capita ppp | $1,000 (2006 est.) |
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Gdp composition by sector | agriculture: 12.5%
industry: 43.8%
services: 43.7% (2006 est.) |
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Labor force | 5.759 million (2006 est.) |
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Labor force by occupation | note: most people are employed in agriculture and herding; services, construction, industry, and commerce account for less than one-fourth of the labor force |
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Unemployment rate | 35% (2003 est.) |
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Population below poverty line | 45.2% (2003) |
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Household income or consumption by percentage share | lowest 10%: 3%
highest 10%: 25.9% (2003) |
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Distribution of family income gini index | 33.4 (1998) |
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Inflation rate consumer prices | 14.8% (2006 est.) |
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Investment gross fixed | 15.7% of GDP (2006 est.) |
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Budget | revenues: $7.314 billion
expenditures: $6.984 billion; including capital expenditures of $NA (2006 est.) |
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Public debt | 30% of GDP (2006 est.) |
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Agriculture products | grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish |
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Industries | crude oil production and petroleum refining; small-scale production of cotton textiles and leather goods; food processing; handicrafts; small aluminum products factory; cement; commercial ship repair |
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Industrial production growth rate | 3% (2003 est.) |
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Electricity production | 4.077 billion kWh (2004 est.) |
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Electricity consumption | 3.792 billion kWh (2004 est.) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 387,500 bbl/day (2005 est.) |
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Oil consumption | 85,000 bbl/day (2004 est.) |
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Oil exports | 320,600 bbl/day (2004) |
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Oil imports | NA bbl/day |
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Oil proved reserves | 3.72 billion bbl (2006 est.) |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Natural gas exports | 0 cu m (2004 est.) |
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Natural gas imports | 0 cu m (2004 est.) |
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Natural gas proved reserves | 478.6 billion cu m (1 January 2005 est.) |
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Current account balance | $1.69 billion (2006 est.) |
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Exports | $8.214 billion f.o.b. (2006 est.) |
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Exports commodities | crude oil, coffee, dried and salted fish |
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Exports partners | China 29.9%, India 16.6%, Thailand 15.9%, South Korea 6.4%, US 6.4%, Switzerland 5.2% (2006) |
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Imports | $5.042 billion f.o.b. (2006 est.) |
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Imports commodities | food and live animals, machinery and equipment, chemicals |
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Imports partners | UAE 15.8%, China 12.3%, Saudi Arabia 7.5%, Switzerland 6.4%, Kuwait 5.6%, Malaysia 4% (2006) |
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Reserves of foreign exchange and gold | $6.735 billion (2006 est.) |
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Debt external | $5.469 billion (2006 est.) |
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Economic aid recipient | $2.3 billion (2003-07 disbursements) |
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Currency code | Yemeni rial (YER) |
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Exchange rates | Yemeni rials per US dollar - 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003), 175.63 (2002) |
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| Communications - Yemen: |
| Transportation - Yemen: |
| Military - Yemen: |
This page was last updated on 16 September, 2007
