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

Minister of Health, Chinese Diplomat Discuss Strengthening Bilateral Cooperation

Minister of Public Health and Population Dr. Qasim Buhaibeh met Saturday with Zhao Cheng, the Chargé d’Affaires of the Embassy of the People’s Republic of China in Yemen.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

Gold Prices Stabilize as Investors Await Key US Data Release

Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/12/06 Time 04:06:10
Latest News:

President of the Leadership Council Departs Aden for Consultations on National Developments

Leadership Council Member Al-Arada Says Major National Issue is Liberation of Capital Sana'a

Ambassador Belfagih Meets Indonesian Immigration Chief to Enhance Bilateral Cooperation

Leadership Council Member al-Arada returns to Marib after successful foreign tour

Defense Minister meets with chief British Military advisor in Middle East

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.