Yemen GDP loses rose up to $126b, says Minister

Yemeni Ambassador Discusses Boosting Cooperation with Sudanese Official

The Yemeni Ambassador to Khartoum, Omar Al-Modawi, met with the Director of International Organizations at the Sudanese Ministry of Foreign Affairs, Ambassador Hamed Al-Jazouli, to discuss ways to enhance and develop bilateral cooperation between the two brotherly countries.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/18 Time 09:25:30
Latest News:

Yemeni Minister Emphasizes Duty to Boost Technical Education Amidst Challenges

President al-Alimi: Restoring Sana’a and a Just, United Yemen Will Remain a Unifying National Goal

Yemen’s Ambassador Participates in Board Meeting of Arab World Institute in Paris

Presidential Leadership Council Member Dr. Abdullah al-Alimi Discusses Developments in Yemen with EU ..

Chairman of the Presidential Leadership Council Exchanges Ramadan Greetings with Arab and Islamic Leaders

Yemen GDP loses rose up to $126b, says Minister

[15/02/2022 01:51]

CAIRO-SABA
Minister of Planning and International Cooperation Dr. Wa'id Badhib said " As a result of the ongoing war Yemen's Gross Domestic Product (GDP) has contracted with 50 % during the time from 2014 to 2019, while total cost of the GDP rose up to 126 billion USD in 2020 according the UNDP's study".

He revealed staggering figures of Yemen's national economy's loses " Deficit of state's general budget increased to 15% in 2016, taxes incomes reduced with 30%, oil and gas exports ceased and revenues declined with 80%", said Badhib.

The Minister stated that national currency's value depreciated with some 500% in comparison to 2014, as many as 42 million of the population now are in need of humanitarian aids, poverty percentages reached 78% in 2016 and unemployment exceed 35%.