Yemen Current Account to GDP

Yemen recorded a Current Account deficit of 3 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Yemen is reported by the Central Bank of Yemen. From 2003 until 2012, Yemen Current Account to GDP averaged -1.8 Percent reaching an all time high of 4.0 Percent in December of 2005 and a record low of -8.8 Percent in December of 2009. 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. This page provides - Yemen Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.00 -1.70 4.00 -8.80 -2.66 | 2013/12 2003 - 2012 Percent Yearly

TO

Yemen Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -2904.00 2013-06-29 -3546.20 1700.30 -3786.10 -4019.46 2012-12-31 USD Million [+]
Current Account -1474.30 2013-06-29 -334.60 1336.60 -2564.90 -1002.14 2012-12-31 USD Million [+]
Current Account to GDP -3.00 2012-12-31 -1.70 4.00 -8.80 -2.66 2013-12-31 Percent [+]
Exports 8534.64 2012-06-29 9671.31 9671.31 4.37 8573.46 2012-12-31 USD Million [+]
Imports 14016.58 2012-06-29 10311.77 14016.58 80.80 14176.41 2012-12-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Yemen Inflation Rate at 6.70 Percent  
The inflation rate in Yemen was recorded at 6.70 percent in February of 2014. Inflation Rate in Yemen is reported by the Central Statistics Office, Yemen.
Yemen Balance of Trade at -2904.00 USD Million  
Yemen recorded a trade deficit of 2904 USD Million in 2013. Balance of Trade in Yemen is reported by the Central Bank of Yemen.
Yemen Current Account at -1474.30 USD Million  
Yemen recorded a Current Account deficit of 1474.30 USD Million in 2013. Current Account in Yemen is reported by the Central Bank of Yemen.
Yemen Exports at 8534.64 USD Million  
Exports in Yemen decreased to 8534.64 USD Million in 2012 from 9671.31 USD Million in 2011. Exports in Yemen is reported by the Central Statistics Office, Yemen.
Yemen Imports at 14016.58 USD Million  
Imports in Yemen increased to 14016.58 USD Million in 2012 from 10311.77 USD Million in 2011. Imports in Yemen is reported by the Central Statistics Office, Yemen.
Yemen Consumer Spending at 12462188144.00 USD  
Consumer Spending in Yemen increased to 12462188144 USD in 2012 from 12069090739 USD in 2011. Consumer Spending in Yemen is reported by the SESRIC.
Yemen Core Consumer Prices at 166.62 Index Points  
Core Consumer Prices in Yemen decreased to 166.62 Index Points in January of 2014 from 166.95 Index Points in December of 2013. Core Consumer Prices in Yemen is reported by the Central Bank of Yemen.
Yemen GDP Constant Prices at 4022860000.00 YER THO  
GDP Constant Prices in Yemen increased to 4022860000 YER THO in 2012 from 3943240000 YER THO in 2011. GDP Constant Prices in Yemen is reported by the SESRIC.
Yemen Government Spending at 548620000.00 YER THO  
Government Spending in Yemen increased to 548620000 YER THO in 2012 from 529716000 YER THO in 2011. Government Spending in Yemen is reported by the SESRIC.
Yemen Gross National Product at 6784190000.00 YER THO  
Gross National Product in Yemen increased to 6784190000 YER THO in 2012 from 6237960000 YER THO in 2011. Gross National Product in Yemen is reported by the SESRIC.
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