The Gross Domestic Product (GDP) in Yemen expanded 1.50 percent in the fourth quarter of 2022 over the same quarter of the previous year. This dataset provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Yemen was forecast to increase between 2024 and 2029 by in total 6.5 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 5.5 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Oman, Lebanon, and Iraq.

The Gross Domestic Product (GDP) in Yemen was worth 21.05 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Yemen represents 0.02 percent of the world economy. This dataset provides the latest reported value for - Yemen GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Yemen YE: GDP: Growth data was reported at -34.340 % in 2016. This records an increase from the previous number of -37.147 % for 2015. Yemen YE: GDP: Growth data is updated yearly, averaging 3.954 % from Dec 1991 (Median) to 2016, with 26 observations. The data reached an all-time high of 8.208 % in 1992 and a record low of -37.147 % in 2015. Yemen YE: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The gross domestic product (GDP) in current prices in Yemen was forecast to continuously increase between 2024 and 2029 by in total 8.3 billion U.S. dollars (+51.27 percent). According to this forecast, in 2029, the GDP will have increased for the fifth consecutive year to 24.52 billion U.S. dollars. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like United Arab Emirates, Qatar, and Syria.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Yemen YE: GDP: Growth: Gross Capital Formation data was reported at -39.585 % in 2016. This records an increase from the previous number of -85.158 % for 2015. Yemen YE: GDP: Growth: Gross Capital Formation data is updated yearly, averaging -3.538 % from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 62.031 % in 2012 and a record low of -85.158 % in 2015. Yemen YE: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Yemen YE: GDP: Growth: GNI data was reported at -31.948 % in 2016. This records an increase from the previous number of -35.561 % for 2015. Yemen YE: GDP: Growth: GNI data is updated yearly, averaging 3.262 % from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 7.224 % in 2006 and a record low of -35.561 % in 2015. Yemen YE: GDP: Growth: GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

GDP growth of Yemen plummeted by 233.33% from 1.5 % in 2022 to -2.0 % in 2023. Since the 222.74% surge in 2015, GDP growth sank by 94.45% in 2023. Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

GDP growth of Yemen plummeted by 114.84% from -5.1 % in 2017 to 0.8 % in 2018. Since the 14,736.25% surge in 2015, GDP growth sank by 102.69% in 2018. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Private markets drive economic growth, tapping initiative and investment to create productive jobs and raise incomes. Trade is also a driver of economic growth as it integrates developing countries into the world economy and generates benefits for their people. Data on the private sector and trade are from the World Bank Group's Private Participation in Infrastructure Project Database, Enterprise Surveys, and Doing Business Indicators, as well as from the International Monetary Fund's Balance of Payments database and International Financial Statistics, the UN Commission on Trade and Development, the World Trade Organization, and various other sources.

Yemen YE: GDP: Growth: Gross Value Added: Agriculture data was reported at -31.371 % in 2016. This records an increase from the previous number of -34.902 % for 2015. Yemen YE: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.600 % from Dec 1991 (Median) to 2016, with 26 observations. The data reached an all-time high of 12.174 % in 1998 and a record low of -34.902 % in 2015. Yemen YE: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

The gross domestic product (GDP) per capita in Yemen was forecast to continuously increase between 2024 and 2029 by in total 168 U.S. dollars (+36.14 percent). According to this forecast, in 2029, the GDP per capita will have increased for the fourth consecutive year to 632.91 U.S. dollars. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Lebanon, United Arab Emirates, and Iran.

Yemen YE: GDP: Growth: Imports of Goods and Services data was reported at -20.543 % in 2016. This records an increase from the previous number of -45.133 % for 2015. Yemen YE: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 0.638 % from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 17.380 % in 2006 and a record low of -45.133 % in 2015. Yemen YE: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

A common conundrum discussed in economic research revolves around the fact that nations endowed with plentiful natural resources often exhibit a lower gross domestic product (GDP). This conundrum is commonly called the "resource curse", where most empirical studies about the effects primarily focused on developed economies. At the same time, limited data is available regarding a burgeoning oil-exporting nation like the Republic of Yemen. This research endeavor aims to investigate the relationship between oil price Changes and Yemen’s economic growth. Utilizing annual data spanning from 1990 to 2019, the study employs the auto-regressive distributed lag (ARDL) model to establish the long-term connection between oil price volatility and economic growth over both short and long timeframes. This study’s outcomes indicate that oil price Changes have a significant positive relationship with Yemen’s economic growth in both the long and short run. Oil rents show a significant negative relationship with economic growth in both the long and short run. The results of GLM, RLS, and GMM robustness checks are consistent with our model results. Based on these findings, we suggest that Yemen should diversify its economy by investing in agriculture and tourism, and focus on human capital, education, and research and development. These steps could reduce the economy’s dependence on oil and enhance sustainable economic growth. These empirical insights and suggestions are particularly useful for policymakers as they help build sound external and economic policies to sustain long-term economic growth.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Education is one of the most powerful instruments for reducing poverty and inequality and lays a foundation for sustained economic growth. The World Bank compiles data on education inputs, participation, efficiency, and outcomes. Data on education are compiled by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics from official responses to surveys and from reports provided by education authorities in each country.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Yemen (RGDPLPYEA625NUPN) from 1989 to 2010 about Yemen, PPP, investment, per capita, consumption, government, GDP, and rate.

Graph and download economic data for Life Insurance Premium Volume to GDP for Yemen (DDDI09YEA156NWDB) from 1991 to 2020 about Yemen, premium, life, insurance, and GDP.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Gender equality is a core development objective in its own right. It is also smart development policy and sound business practice. It is integral to economic growth, business growth and good development outcomes. Gender equality can boost productivity, enhance prospects for the next generation, build resilience, and make institutions more representative and effective. In December 2015, the World Bank Group Board discussed our new Gender Equality Strategy 2016-2023, which aims to address persistent gaps and proposed a sharpened focus on more and better gender data. The Bank Group is continually scaling up commitments and expanding partnerships to fill significant gaps in gender data. The database hosts the latest sex-disaggregated data and gender statistics covering demography, education, health, access to economic opportunities, public life and decision-making, and agency.