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. GDP Annual Growth Rate in Yemen averaged 1.88 percent from 1990 until 2022, reaching an all time high of 20.50 percent in 1996 and a record low of -30.50 percent in 2015. source: Central Statistics Office, Yemen

GDP Annual Growth Rate in Yemen is expected to reach 1.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Yemen GDP Annual Growth Rate is projected to trend around 7.00 percent in 2026, according to our econometric models.



Related Last Previous Unit Reference
GDP 19.10 19.41 USD Billion Dec 2024
GDP Annual Growth Rate 1.50 -2.00 percent Dec 2022
GDP per Capita 821.46 859.21 USD Dec 2024


Yemen GDP Annual Growth Rate
Yemen is one of the poorest countries in the world. Its economy depends on foreign aid and remittances from workers in neighbouring golf states. The most important sector of the economy is dwindling oil extraction, it accounts for around 70 percent of government revenue and 25 percent of GDP. Agriculture is also very important as it employs over 50 percent of the population. In recent years, the government has engaged in efforts to diversify the economy from dependency on oil. As a result, there was a surge of investment in the development of infrastructure for natural gas extraction. Yet, the political instability in 2011 has undermined development efforts, resulted in damage of infrastructure, rising unemployment and high inflation.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 -2.00 20.50 -30.50 1990 - 2022 percent Yearly