Yemen GDP Trends from 1990 to 2024: A overall increase with some decline Flow

Yemen's GDP changed from approximately $12B 644M in 1990 to $16B 940M in 2024, showing an overall 34.0% sharply increased during the period.
The lowest GDP was recorded in 1998 at $6B 322M, and the highest in 2014 at $43B 229M.
Over the 34-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 0.9%.
For comparison, the average annual growth rate of Saudi Arabia was 4.4%, and that of Iran was 3.7%.

Overview of Yemen's GDP (1990–2024)

The Gross Domestic Product (GDP) of Yemen recorded a 34.0% sharply increased from 1990 to 2024.
The average GDP during this period was $20B 736M, and the median was $19B 394M.
GDP fluctuated within a range of $36B 907M, with a standard deviation of $10B 227M.
The average annual change was $493M 749K.


Yemen GDP from 1990 to 2024

The total market value of goods and services produced annually in Yemen.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1998, $6B 322M
    • Highest GDP: 2014, $43B 229M
    • Most Recent GDP: 2024, $16B 940M

    Notable Annual GDP Changes

    • 1994: Significant increase in GDP
    • 1995: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Yemen's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $21B 888M → $20B 220M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $21B 651M → $25B 130M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $9B 679M → $9B 853M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $6B 838M → $6B 322M
    • Outcome: declined

    Key Economic Indicators of Yemen (1990–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1990
    $ 12B 644M
    $ 963.77
    $ 1,844.58
    $ 24B 199M
    0 %
    5.83 %
    17.94 %
    -8.316 %
    13M 119K people
    1991
    $ 14B 665M
    $ 1,075.88
    $ 1,950.84
    $ 26B 592M
    6.293 %
    -3.408 %
    10.41 %
    -3.379 %
    13M 631K people
    1992
    $ 17B 959M
    $ 1,268.27
    $ 2,078.34
    $ 29B 430M
    8.208 %
    -2.305 %
    17.64 %
    -9.314 %
    14M 161K people
    1993
    $ 21B 737M
    $ 1,477.99
    $ 2,130.53
    $ 31B 334M
    4.002 %
    -2.149 %
    16.33 %
    -10.505 %
    14M 707K people
    1994
    $ 28B 19M
    $ 1,835.05
    $ 2,236.81
    $ 34B 154M
    6.722 %
    0.975 %
    20.11 %
    -11.51 %
    15M 269K people
    1995
    $ 12B 796M
    $ 807.99
    $ 2,326.60
    $ 36B 847M
    5.669 %
    0.302 %
    22.05 %
    -4.333 %
    15M 837K people
    1996
    $ 6B 496M
    $ 396.85
    $ 2,398.42
    $ 39B 261M
    4.635 %
    0.897 %
    23.94 %
    1.651 %
    16M 369K people
    1997
    $ 6B 838M
    $ 405.61
    $ 2,492.82
    $ 42B 27M
    5.231 %
    0.321 %
    24.95 %
    0.84 %
    16M 859K people
    1998
    $ 6B 322M
    $ 364.22
    $ 2,595.45
    $ 45B 52M
    6.007 %
    -5.034 %
    18.62 %
    -4.742 %
    17M 358K people
    1999
    $ 7B 639M
    $ 427.78
    $ 2,655.07
    $ 47B 415M
    3.776 %
    7.195 %
    25.90 %
    3.478 %
    17M 858K people
    2000
    $ 9B 679M
    $ 526.88
    $ 2,802.58
    $ 51B 486M
    6.182 %
    13.808 %
    32.74 %
    8.308 %
    18M 371K people
    2001
    $ 9B 853M
    $ 521.70
    $ 2,893.50
    $ 54B 648M
    3.804 %
    6.808 %
    26.37 %
    4.789 %
    18M 886K people
    2002
    $ 10B 693M
    $ 551.19
    $ 2,973.18
    $ 57B 681M
    3.935 %
    4.147 %
    22.63 %
    1.291 %
    19M 400K people
    2003
    $ 11B 778M
    $ 591.22
    $ 3,063.33
    $ 61B 24M
    3.747 %
    1.496 %
    22.22 %
    -2.444 %
    19M 921K people
    2004
    $ 13B 868M
    $ 677.90
    $ 3,184.98
    $ 65B 154M
    3.973 %
    1.621 %
    21.90 %
    -0.047 %
    20M 457K people
    2005
    $ 16B 732M
    $ 796.36
    $ 3,377.20
    $ 70B 955M
    5.592 %
    3.782 %
    22.31 %
    0.331 %
    21M 10K people
    2006
    $ 19B 63M
    $ 881.27
    $ 3,488.56
    $ 75B 462M
    3.17 %
    1.214 %
    17.60 %
    3.498 %
    21M 631K people
    2007
    $ 21B 651M
    $ 970.82
    $ 3,591.46
    $ 80B 94M
    3.338 %
    -6.967 %
    10.23 %
    -4.923 %
    22M 301K people
    2008
    $ 26B 911M
    $ 1,170.96
    $ 3,681.82
    $ 84B 615M
    3.648 %
    -4.65 %
    10.77 %
    -2.138 %
    22M 982K people
    2009
    $ 25B 130M
    $ 1,061.41
    $ 3,734.90
    $ 88B 428M
    3.866 %
    -10.057 %
    3.49 %
    -7.717 %
    23M 676K people