Yemen GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Yemen expanded 4.40 percent in 2013 from the previous year. GDP Annual Growth Rate in Yemen averaged 3.37 Percent from 2001 until 2013, reaching an all time high of 7.70 Percent in 2010 and a record low of -10.50 Percent in 2011. GDP Annual Growth Rate in Yemen is reported by the Central Statistics Office, Yemen.
||2001 - 2013
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.