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ESCWA: Yemen's GDP suffered 50% contraction since Houthi militia coup
[20/12/2021 05:08]

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.

President al-Alimi confirms significance of UK support to Yemen's economy
President al-Alimi receives Dutch delegation
Minister al-Sharjabi discusses with Dutch officials Yemen's water, environment
PM receives British Ambassador in Aden
Al-Alimi receives congrats from US president and other world leaders on National Day
Al-Alimi receives congrats from world leaders on Yemen's National Day
emen participates in the WHO's General Assembly Sessions
resident Al-Alimi receives congrats from the King of Morocco on Yemen's national day
President receives congrats from the President of the UAE
Al-Alimi receives congrats from Kuwait on Yemen's National Day

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