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

Amb. al-Wuhayshi Discusses with Russian Deputy Foreign Minister Bilateral Relations

The Ambassador of the Republic of Yemen to the Russian Federation Dr. Ahmed al-Wahishi discussed today, Thursday, with Russian Deputy Foreign Minister Georgy Borisenko Yemeni-Russian bilateral relations and the recent developments in Yemen.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/17 Time 08:50:48
Latest News:

Yemeni Government Concludes Talks with IMF About Monitoring Program

President al-Alim: No blockade on Sana'a Airport, No Tolerance with Any Complicity To Violate National ..

Yemen Condemns Repeated Iranian Attacks Targeting Bahrain, Kuwait, and Jordan

Japan Grants $1.9 Million to Support Food Security in Yemen

Sudan Denounces Direct Tehran-Sana'a Flights, Backs Yemen's Government

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.