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2025/11/19
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Latest News:
Prime Minister Holds Talks in Aden with UK Minister of State
President al-Alimi Receives UK Minister of State for Middle East and North Africa Affairs
Taiz Deputy Governor Discusses with Save the Children Interventions
Deputy Minister of Planning Discusses Economic Resilience Project with EU and OECD
Minister of Industry and Trade Discusses Partnership Opportunities with EU and OECD Delegation
Latest News:
Prime Minister Holds Talks in Aden with UK Minister of State
President al-Alimi Receives UK Minister of State for Middle East and North Africa Affairs
Taiz Deputy Governor Discusses with Save the Children Interventions
Deputy Minister of Planning Discusses Economic Resilience Project with EU and OECD
Minister of Industry and Trade Discusses Partnership Opportunities with EU and OECD Delegation
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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