Yemen GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Yemen expanded 0.10 percent in 2012 from the previous year. GDP Annual Growth Rate in Yemen is reported by the Central Statistics Office, Yemen. From 2001 until 2012, Yemen GDP Annual Growth Rate averaged 3.3 Percent reaching an all time high of 7.7 Percent in December of 2010 and a record low of -10.5 Percent in December of 2011. 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. This page provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.10 -10.50 7.70 -10.50 0.70 | 2013/12 2001 - 2012 Percent Yearly

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Yemen GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 35.65 2012-12-31 31.73 35.65 4.17 36.27 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 0.10 2012-12-31 -10.50 7.70 -10.50 0.70 2013-12-31 Percent [+]
GDP per capita 778.35 2012-12-31 795.57 909.83 666.47 691.21 2013-12-31 USD [+]
GDP per capita PPP 2145.06 2012-12-31 2192.51 2507.41 1836.73 1904.91 2013-12-31 USD [+]
GDP Constant Prices 4022860000.00 2012-06-29 3943240000.00 4618172671.61 1210614137.35 4009705501.73 2012-12-31 YER THO [+]
Gross National Product 6784190000.00 2012-06-29 6237960000.00 6830380812.67 109019140.00 6747700125.54 2012-12-31 YER THO [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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