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

Yemen’s Ambassador Discusses Latest Developments with Austrian Parliament President

Yemen’s Ambassador to the Republic of Austria, Haitham Shujaaldeen met Tuesday with Austrian Parliament President Walter Rosenkranz.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/13 Time 05:32:02
Latest News:

Presidential Leadership Council Warns Against Collaboration with Houthis, Orders Legal Action

High Committee Approves Methodology for Updating and Developing National Disability Strategy for 2027–2032

Ministry of Agriculture Signs MoU with WFP to Boost Food Security in Yemen

Minister of Planning Seeks WB's Support for Economic Stability, Electricity Projects

Houthis Shell Taiz, Injuring 17 Civilians and Damaging Seven Homes

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.