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

Minister al-Bakri praises Britain's support for Yemen

Minister of Youth and Sports Nayef al-Bakri praised the UK's supportive stances in support of Yemen and its internationally recognized government and leadership.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Record rise in gold, silver due to demand for safe havens

The price of gold surpassed the $4,600 per ounce level for the first time today, Monday, while silver prices also surged to their highest level ever.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/13 Time 05:54:22
Latest News:

Dr. Abdullah Bawazir confers with British Ambassador over developments in Yemen

European Union Renews Support to Yemen’s Unity, Sovereignty, PLC

Presidential Leadership Council Member Tariq Saleh meets with senior German official

Presidential Directive Orders Closure of Unofficial Prisons, Release of Unlawfully Detained Individuals

Minister Arman and Vice FM Brief Diplomats on Rights Abuses in Hadramaut and Al-Mahra

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.