Yemen:
Economy

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Other pages in this profile of Yemen:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition Yemen, one of the poorest countries in the Arab world, reported average annual growth in the range of 3-4% from 2000 through 2007. Its economic fortunes depend mostly on declining oil resources, but the country is trying to diversify its earnings. In 2006 Yemen began an economic reform program designed to bolster non-oil sectors of the economy and foreign investment. As a result of the program, international donors pledged about $5 billion for development projects. In addition, Yemen has made some progress on reforms over the last year that will likely encourage foreign investment. Oil revenues probably increased in 2007 as a result of higher prices.
GDP (purchasing power parity)	Definition - World rank and map $52.05 billion (2007 est.)
GDP (official exchange rate)	Definition $21.66 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 3.1% (2007 est.)
GDP - per capita	Definition - World rank and map $2,300 (2007 est.)
GDP - composition by sector	Definition agriculture: 12.3% industry: 41.5% services: 46.2% (2007 est.)
Labor force	Definition 6.316 million (2007 est.)
Labor force - by occupation	Definition note: most people are employed in agriculture and herding; services, construction, industry, and commerce account for less than one-fourth of the labor force
Unemployment rate	Definition - World rank and map 35% (2003 est.)
Population below poverty line	Definition 45.2% (2003)
Household income or consumption by percentage share	Definition lowest 10%: 3% highest 10%: 25.9% (2003)
Distribution of family income - Gini index	Definition - World rank and map 33.4 (1998)
Inflation rate (consumer prices)	Definition - World rank and map 12.5% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 25.2% of GDP (2007 est.)
Budget	Definition revenues: $7.407 billion expenditures: $8.177 billion (2007 est.)
Public debt	Definition - World rank and map 33.7% of GDP (2007 est.)
Agriculture - products	Definition grain, fruits, vegetables, pulses, qat, coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish
Industries	Definition 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
Industrial production growth rate	Definition - World rank and map 3.2% (2007 est.)
Electricity - production	Definition - World rank and map 4.456 billion kWh (2005 est.)
Electricity - consumption	Definition - World rank and map 3.381 billion kWh (2005 est.)
Electricity - consumption per capita	Definition - World rank and map 147 kWh (2005 est.)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 402,000 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 128,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 5.6 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 320,600 bbl/day (2004)
Oil - imports	Definition - World rank and map 58,100 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 3.58 billion bbl (2007 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 459 billion cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$924 million (2007 est.)
Exports	Definition - World rank and map $7.102 billion f.o.b. (2007 est.)
Exports - commodities	Definition crude oil, coffee, dried and salted fish
Exports - partners	Definition China 21.8%, India 20%, Thailand 18.7%, South Korea 8.1%, Japan 7.1%, UAE 4.9%, US 4.1% (2006)
Imports	Definition - World rank and map $6.735 billion f.o.b. (2007 est.)
Imports - commodities	Definition food and live animals, machinery and equipment, chemicals
Imports - partners	Definition UAE 15.2%, China 12%, US 7.8%, Saudi Arabia 7.2%, Kuwait 5.3%, Germany 4.8%, Brazil 4.3% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $7.76 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $6.044 billion (31 December 2007 est.)
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $2.3 billion (2003-07 disbursements)
Currency (code)	Definition Yemeni rial (YER)
Exchange rates	Definition Yemeni rials per US dollar - 199.14 (2007), 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003)
Fiscal year	Definition calendar year

Yemen: Economy

Yemen:
Economy