ESCWA: Yemen's GDP suffered 50% contraction since Houthi militia coup

Health Minister Discusses Academic and Medical Cooperation with German University of Rostock Delegation

Minister of Public Health and Population, Dr. Qassim Buhaibeh, discussed on Wednesday in the interim capital Aden with a delegation from the University of Rostock, headed by Dr. Mark Philipp, ways to enhance academic and health cooperation and develop the existing partnership between the two sides.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/25 Time 05:21:51
Latest News:

Yemen's accession to WTO strategic step to boost economic reforms, says al-Ashwal

Minister of Social Affairs confers with German Ambassador over humanitarian, development aid

Mahmood al-Subaihi praises patriotic role of Lahj governorate

Al-Wadaei: Houthi Attacks on Mosques Expose Their Sectarian Agenda

Al-Khanbashi reviews ongoing work at al-Wadiah Customs

ESCWA: Yemen's GDP suffered 50% contraction since Houthi militia coup

[20/12/2021 05:08]

RIYADH - SABA
Yemen's real Gross Domestic Production (GDP) has alarmingly contracted since Iran-backed Houthi militia carried out its coup d'état against the official government in 2021.

The country's GDP has suffered 50% contraction during the time 2014-2020, according to report by the United Nations Economic and Social Commission for Western Asia (ESCWA).

The report issued today by the ESCWA in partnership with the Saudi Program for Development and Reconstruction in Yemen (SPDRY) titled" Least Developing Arab Countries: Challenges, Development Prospects".

The report stated that the economic situation in Yemen, Sudan, Somalia and Mauritania has seriously exacerbated and growth prospects further declined in 2020 due to coronavirus pandemic and instability, the war also has caused the displacement of large number of the population who have become in dire need for aid.