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

Dr. Abdullah Bawazir Briefs Senior Democrat on U.S. House Foreign Affairs Committee on Houthi Terrorists Ongoing Military Escalation

The Member of the Presidential Leadership Council (PLC) Dr. Abdullah Bawazir met conferred today, Monday, with senior Democrat on the U.S. House Foreign Affairs Committee Gregory Meeks over Yemeni-American bilateral relations and cooperation.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Gold Rises Over 1 Percent

Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.

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: ، 2026/09/22 Time 06:12:07
Latest News:

Foreign Minister Stresses Importance of Disarming Armed Groups, Supporting State Institutions

Dr. Abdullah Bawazir Meets with Managing Director

Planning Minister Discusses Humanitarian Response to Displacement in Yemen

Speaker of Shura Council Discusses with Acting U.S. Ambassador Ongoing Developments in Yemen

Al-Mahri Discusses Support for Technical Education and Vocational Training Sector with IOM

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.