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

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) stated that any approach to put an end of the war in Yemen will never be successful, unless it deals with the Houthi militias as part of an Iranian cross-border scheme, and not as a local political party, warning that reducing any crisis of this kind to truces and arrangements for a ceasefire will lead to temporary risk management rather than building sustainable peace.

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 price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/15 Time 05:01:49
Latest News:

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees in Yemen

Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties

Meeting Discusses Country Program Document for UNDP for 2027-2029

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.