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%.
Yemen GDP from 1990 to 2024
The total market value of goods and services produced annually in Yemen.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1990 | 0 % | $ 12B 644M | $ 24B 199M | $ 963.77 | $ 1,844.58 | 17.94 % | 13M 119K people | 5.83 % | -8.316 % |
1991 | 6.293 % | $ 14B 665M | $ 26B 592M | $ 1,075.88 | $ 1,950.84 | 10.41 % | 13M 631K people | -3.408 % | -3.379 % |
1992 | 8.208 % | $ 17B 959M | $ 29B 430M | $ 1,268.27 | $ 2,078.34 | 17.64 % | 14M 161K people | -2.305 % | -9.314 % |
1993 | 4.002 % | $ 21B 737M | $ 31B 334M | $ 1,477.99 | $ 2,130.53 | 16.33 % | 14M 707K people | -2.149 % | -10.505 % |
1994 | 6.722 % | $ 28B 19M | $ 34B 154M | $ 1,835.05 | $ 2,236.81 | 20.11 % | 15M 269K people | 0.975 % | -11.51 % |
1995 | 5.669 % | $ 12B 796M | $ 36B 847M | $ 807.99 | $ 2,326.60 | 22.05 % | 15M 837K people | 0.302 % | -4.333 % |
1996 | 4.635 % | $ 6B 496M | $ 39B 261M | $ 396.85 | $ 2,398.42 | 23.94 % | 16M 369K people | 0.897 % | 1.651 % |
1997 | 5.231 % | $ 6B 838M | $ 42B 27M | $ 405.61 | $ 2,492.82 | 24.95 % | 16M 859K people | 0.321 % | 0.84 % |
1998 | 6.007 % | $ 6B 322M | $ 45B 52M | $ 364.22 | $ 2,595.45 | 18.62 % | 17M 358K people | -5.034 % | -4.742 % |
1999 | 3.776 % | $ 7B 639M | $ 47B 415M | $ 427.78 | $ 2,655.07 | 25.90 % | 17M 858K people | 7.195 % | 3.478 % |
2000 | 6.182 % | $ 9B 679M | $ 51B 486M | $ 526.88 | $ 2,802.58 | 32.74 % | 18M 371K people | 13.808 % | 8.308 % |
2001 | 3.804 % | $ 9B 853M | $ 54B 648M | $ 521.70 | $ 2,893.50 | 26.37 % | 18M 886K people | 6.808 % | 4.789 % |
2002 | 3.935 % | $ 10B 693M | $ 57B 681M | $ 551.19 | $ 2,973.18 | 22.63 % | 19M 400K people | 4.147 % | 1.291 % |
2003 | 3.747 % | $ 11B 778M | $ 61B 24M | $ 591.22 | $ 3,063.33 | 22.22 % | 19M 921K people | 1.496 % | -2.444 % |
2004 | 3.973 % | $ 13B 868M | $ 65B 154M | $ 677.90 | $ 3,184.98 | 21.90 % | 20M 457K people | 1.621 % | -0.047 % |
2005 | 5.592 % | $ 16B 732M | $ 70B 955M | $ 796.36 | $ 3,377.20 | 22.31 % | 21M 10K people | 3.782 % | 0.331 % |
2006 | 3.17 % | $ 19B 63M | $ 75B 462M | $ 881.27 | $ 3,488.56 | 17.60 % | 21M 631K people | 1.214 % | 3.498 % |
2007 | 3.338 % | $ 21B 651M | $ 80B 94M | $ 970.82 | $ 3,591.46 | 10.23 % | 22M 301K people | -6.967 % | -4.923 % |
2008 | 3.648 % | $ 26B 911M | $ 84B 615M | $ 1,170.96 | $ 3,681.82 | 10.77 % | 22M 982K people | -4.65 % | -2.138 % |
2009 | 3.866 % | $ 25B 130M | $ 88B 428M | $ 1,061.41 | $ 3,734.90 | 3.49 % | 23M 676K people | -10.057 % | -7.717 % |