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

Yemen’s Chargé d’Affaires in Damascus Reviews Developments in Yemen with Syrian Official

Yemen’s Chargé d’Affaires in Yemen's Embassy in Damascus Mohammed Baakar discussed Wednesday with Dr. Mohammed al-Ahmad, the Adviser for Arab Affairs in the Syrian Ministry of Foreign Affairs and Expatriates latest developments in Yemen and regional issues of mutual interest.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/23 Time 10:36:04
Latest News:

Pakistan Condemns Houthi Threats Against Saudi Arabia

Shabwah Governor Discusses Enhanced Cooperation, Coordination with Arab Coalition Commander

Minister of Health Looks for Italian Backing for Health Services

Minister of Social Affairs Discusses With UNICEF Social Protection Programs

Yemen’s Chargé d’Affaires in Nairobi Discusses Training, Capacity-Building Partnership with Kenyan ..

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.