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

Maj. Gen. Aidaroos al-Zubaidi discusses key issues with EU ambassadors

Member of the Presidential Leadership Council Maj. Gen. Aidaroos al-Zubaidi held a virtual meeting with the European Union Ambassador to Yemen Gabriel Munuera Viñals and the ambassadors of the Kingdom of the Netherlands Jeannette Seppen and the Federal Republic of Germany, Hubert Jager.

Arab Parliament welcomes ICC issuance of arrest warrants for Netanyahu

The Arab Parliament welcomed the verdict of the International Criminal Court (ICC) to issue arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant on charges of war crimes and crimes against humanity committed in the Gaza Strip.

S. Korea's exports rise up 5.8 percent

South Korea's exports rose 5.8 percent year-on-year in the first 20 days of November, driven by strong global demand for semiconductors and ships.

PSG strengthens its lead in the French League after defeating Toulouse 3-0

Paris Saint-Germain strengthened its lead in the French Football League after defeating its guest Toulouse 3-0 in the match that brought them together at the Parc des Princes stadium in the twelfth round of the league.

Last Update: ، 2024/11/24 Time 07:12:02
Latest News:

Deputy planning minister discusses mechanism of monitoring and evaluating next year's projects

Health minister discuss with Pure Hands their interventions in health sector

Yemen ambassador, Jordanian foreign official discuss bilateral cooperation

Presidential Leadership Council continues to discuss topical national issues

S. Korean funded renewable energy Lab, section Inaugurated in Mukalla

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.