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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
