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

Minister of Information Confers with British Ambassador over Media Cooperation

The Minister of Salem al-Awlaqi met today, Friday, with the British Ambassador to the Republic of Yemen Abda Sharif. Yemeni-British bilateral relations and cooperation was key focus of the talks, particularly in media domain.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

EU Allocates 525 Million Euros to Support Startups in Chip Design

European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/11/07 Time 02:04:51
Latest News:

Amb. al-Wuhayshi Updades Russian Deputy Foreign Minister on Developments in Yemen

Foreign Minister Discusses with Arab Ambassadors in Berlin Ways to Boost Coordination and Counter Houthi ..

Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization

Yemen Participates in 2026 Women's Economic Empowerment Forum in Paris

Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen

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.