Yemen recorded a Current Account deficit of 0.01 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Yemen averaged -2.39 percent of GDP from 2003 until 2020, reaching an all time high of 4.00 percent of GDP in 2005 and a record low of -8.80 percent of GDP in 2009. source: Central Bank of Yemen



Related Last Previous Unit Reference
Balance of Trade -4297.66 -4467.16 USD Million Dec 2024
Current Account -4200.00 -3000.00 USD Million Dec 2022



Yemen Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -3.90 4.00 -8.80 2003 - 2020 percent of GDP Yearly