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

Yemen’s Ambassador Discusses Bilateral Relations, Developments in Yemen with Liberia’s Foreign Minister

Yemen’s Ambassador to Oman Dr. Khaled bin Shutaif met Monday with Liberia’s Foreign Minister, Sara Beysolow Nyanti, discussing with her bilateral relations, ways to strengthen cooperation and the latest developments in Yemen.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

EU Allocates 525 Million Euros to Support Startups in Chip Design

European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/11/09 Time 09:53:14
Latest News:

Yemen’s Ambassador Discusses Bilateral Relations, Developments in Yemen with Liberia’s Foreign Minister

Deputy Governor of Marib Welcomes Actions of Dutch organization (E.H.A.N.T) in Marib

Foreign Minister Informs President of ICRC on Humanitarian Situation in Yemen

Yemen, Jordan Discuss Bilateral Relations and Developments in Yemen

Vice Foreign Minister Discusses Yemen’s Humanitarian Situation with Japanese Ambassador

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.