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2026/08/23
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Latest News:
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Latest News:
Houthi Militias Target Two Civilian Vehicles in Dhale’a, Injuring Three
Minister of Industry : Private Sector Key Partner, Driver of Economic Activity
Ministerial Committee for Institutional Reforms Holds Its First Meeting In Aden
Health Committee Discusses Strengthening National Preparedness to Address Health Emergencies
Yemen, Global Environment Facility Discuss Enhancing Support for Environmental and Climate Projects
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%.
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%.
Key words:
SABA Minister - International - humanitarian - unemployment - Cooperation - depreciated - percentages - staggering - currency's - comparison -
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