Yemen
Yemen: an outright decline in dollar terms, 1990–2018
Already the Arab world's poorest country, Yemen saw its economy collapse after civil war escalated in 2014-15, with output roughly halving and the country split between rival authorities, producing one of the world's worst humanitarian crises. Between 1990 and 2018, Yemen's GDP per capita grew from $910 to $634 (current US$), a compound annual growth rate of -1.3% — an outright decline in dollar terms. Annual GDP growth averaged 1.9% with a year-to-year standard deviation of 7.4 points, reflecting considerable volatility and periodic crises. Structurally, agriculture's share of the economy moved from 27.4% to 28.7% of GDP (a notable increase), while services rose from 30.0% to 41.8% of GDP, underscoring a shift toward a services-driven economy. On human development, life expectancy rose from 50.6 to 69.4 years, while tertiary school enrollment moved from 4.0% to 8.8%, while the urban population share grew from 12.4% to 36.8%.
What this growth cost: Growth was not without cost: per-capita CO2 emissions fell from 0.43 to 0.26 tonnes CO2e per person; income inequality (Gini index) widened from 35.0 to 36.7; the poverty headcount ratio increased from 14.1% to 33.3%.
What it trades
Top exported and imported products, approximate share of total trade value.
Top exports
Top imports
Events shaping this economy
Central bank perspective
Why the charts below look the way they do, drawing on the country’s own central bank and monetary authority.