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Yemen, Republic of
Yemen, Republic of
HistorySaid - pattern
Yemen, Republic of matched the Stagflation Risk pattern in 2024. 28 pattern matches detected historically. View →
Economy & Growth
GDP $17.4B
GDP per Capita $415
GDP Growth -1.50%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | - | - | - | - | - | - | - | - | - |
| GDP | $19.4B | $19.1B | $17.4B | $17.4B IMF WEO Oct 2025 | $17.2B IMF WEO Oct 2025 | $18.7B IMF WEO Oct 2025 | $21.7B IMF WEO Oct 2025 | $23.7B IMF WEO Oct 2025 | $25.8B IMF WEO Oct 2025 |
| GDP Deflator | - | - | - | - | - | - | - | - | - |
| GDP Growth | -2.00% | -1.50% | -1.50% | -1.50% IMF WEO Oct 2025 | - | 6.00% IMF WEO Oct 2025 | 5.50% IMF WEO Oct 2025 | 5.00% IMF WEO Oct 2025 | 5.00% IMF WEO Oct 2025 |
| GDP PPP | $68.6B | $69.3B | $69.9B | $69.9B IMF WEO Oct 2025 | $71.2B IMF WEO Oct 2025 | $76.7B IMF WEO Oct 2025 | $82.2B IMF WEO Oct 2025 | $87.9B IMF WEO Oct 2025 | $94.0B IMF WEO Oct 2025 |
| GDP per Capita | $493 | $471 | $415 | $415 IMF WEO Oct 2025 | $401 IMF WEO Oct 2025 | $424 IMF WEO Oct 2025 | $479 IMF WEO Oct 2025 | $509 IMF WEO Oct 2025 | $541 IMF WEO Oct 2025 |
| GDP per Capita PPP | $1,743 | $1,708 | $1,674 | $1,674 IMF WEO Oct 2025 | $1,657 IMF WEO Oct 2025 | $1,738 IMF WEO Oct 2025 | $1,815 IMF WEO Oct 2025 | $1,890 IMF WEO Oct 2025 | $1,972 IMF WEO Oct 2025 |
| GNI | - | - | - | - | - | - | - | - | - |
| GNI per Capita | - | - | - | - | - | - | - | - | - |
| Gross Savings | -6.31% | -11.67% | -3.46% | -3.46% IMF WEO Oct 2025 | -0.85% IMF WEO Oct 2025 | 7.95% IMF WEO Oct 2025 | 19.74% IMF WEO Oct 2025 | 19.56% IMF WEO Oct 2025 | 19.82% IMF WEO Oct 2025 |
| Industry Value Added | - | - | - | - | - | - | - | - | - |
| Services Value Added | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 20.44%
Consumer Price Index 157.58
PPP Conversion Factor 93.63
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | - | - | - | - | - | - | - | - | - |
| Inflation Rate | 0.86% | 33.92% | 20.44% | 20.44% IMF WEO Oct 2025 | 18.52% IMF WEO Oct 2025 | 11.35% IMF WEO Oct 2025 | 12.17% IMF WEO Oct 2025 | 10.47% IMF WEO Oct 2025 | 10.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Population
Population 41.6M
Population Growth 3.04%
Population Density 78.5
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 35.2 | - | 34.8 | 34.8 Trend | 34.6 Trend | - | - |
| Death Rate | 4.8 | - | 4.4 | 4.4 Trend | 4.2 Trend | - | - |
| Dependency Ratio | 77.73 | 77.47 | 77.32 | 77.32 Trend | 77.11 Trend | 76.91 Trend | - |
| Fertility Rate | 4.59 | - | 4.58 | 4.58 Trend | 4.58 Trend | - | - |
| Life Expectancy | 69.3 | - | 70.0 | 70.0 Trend | 70.7 Trend | - | - |
| Net Migration | -5,233 | -10,482 | -16,291 | - | 14,224 Trend | 27,212 Trend | 40,200 Trend |
| Population | 39.4M | 40.6M | 41.6M | 41.6M Trend | 42.8M Trend | 43.9M Trend | - |
| Population Density | 74.6 | - | 78.5 | 78.5 Trend | 80.5 Trend | - | - |
| Population Growth | 3.01% | 2.98% | 3.04% | 3.04% Trend | 3.09% Trend | 3.14% Trend | - |
| Refugee Population | - | - | - | - | - | - | - |
| Urban Population | 36.57% | 36.81% | 37.11% | 37.11% Trend | 37.38% Trend | 37.65% Trend | - |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 17.32%
Youth Unemployment 32.60%
Labor Force Participation 33.10%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 31.96% | 31.81% | 31.62% | 31.40% Trend | 31.20% Trend | 31.00% Trend |
| Female Labor Participation | 4.75% | 4.71% | 4.66% | 4.60% Trend | 4.55% Trend | 4.50% Trend |
| Industry Employment | 11.61% | 11.36% | 11.13% | 10.93% Trend | 10.71% Trend | 10.49% Trend |
| Labor Force Participation | 33.11% | 33.19% | 33.10% | 33.47% Trend | 33.65% Trend | 33.82% Trend |
| Services Employment | 56.42% | 56.83% | 57.25% | 57.67% Trend | 58.09% Trend | 58.51% Trend |
| Unemployment Rate | 16.94% | 16.97% | 17.32% | - | - | - |
| Youth Unemployment | 32.10% | 32.17% | 32.60% | 31.70% Trend | 31.37% Trend | 31.05% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Military Spending 3.97%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -5.63% | -2.48% | -3.66% | -3.66% IMF WEO Oct 2025 | -4.53% IMF WEO Oct 2025 | -4.66% IMF WEO Oct 2025 | -1.30% IMF WEO Oct 2025 | -3.91% IMF WEO Oct 2025 | -2.07% IMF WEO Oct 2025 |
| Government Debt to GDP | 77.86% | 70.94% | 71.36% | 71.36% IMF WEO Oct 2025 | 68.54% IMF WEO Oct 2025 | 63.97% IMF WEO Oct 2025 | 53.78% IMF WEO Oct 2025 | 51.41% IMF WEO Oct 2025 | 51.95% IMF WEO Oct 2025 |
| Government Revenue | 6.13% | 6.44% | 5.87% | 5.87% IMF WEO Oct 2025 | 6.87% IMF WEO Oct 2025 | 8.74% IMF WEO Oct 2025 | 14.70% IMF WEO Oct 2025 | 15.16% IMF WEO Oct 2025 | 19.62% IMF WEO Oct 2025 |
| Government Spending | - | - | - | - | - | - | - | - | - |
| Health Spending | 9.70% | - | 7.96% | 7.96% Trend | 7.42% Trend | - | - | - | - |
| Military Spending | - | - | - | - | - | - | - | - | - |
| Tax Revenue | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $7.2B
External Debt to GNI 33.51%
Short-term Debt 7.47%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | - | - | - | - | - | - |
| Domestic Credit | - | - | - | - | - | - |
| External Debt | $7.3B | $7.1B | $7.2B | $7.2B Trend | $7.1B Trend | $7.1B Trend |
| External Debt to GNI | - | - | - | - | - | - |
| Interest Payments to Revenue | - | - | - | - | - | - |
| Short-term Debt | 7.11% | 7.21% | 7.47% | 7.47% Trend | 7.71% Trend | 7.95% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 22.08%
Deposit Rate 15.25%
Real Interest Rate 11.79%
▾
| Indicator | 2011 | 2012 | 2013 |
|---|---|---|---|
| Credit to GDP | 5.07% | 4.65% | 5.64% |
| Deposit Rate | 20.00% | 19.50% | 15.25% |
| Lending Rate | 25.00% | 24.50% | 22.08% |
| M2 Money Supply Growth | 0.40% | 22.01% | 13.73% |
| Non-Performing Loans | - | - | - |
| Real Interest Rate | 5.83% | 17.57% | 11.79% |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 1,789.10
Foreign Reserves $-6.1M
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Exchange Rate | 1,115.00 | 1,355.12 | 1,789.10 | 1,789.10 Trend | 1,999.98 Trend |
| Foreign Reserves | $1.3B | - | $-6.1M | $-6.1M Trend | - |
| Real Effective Exchange Rate | - | - | - | - | - |
| Reserves in Months of Imports | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $938.5M
Imports $8.3B
Trade Balance $-8.3B
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -11.79% | -17.07% | -9.55% | -9.55% IMF WEO Oct 2025 | -9.47% IMF WEO Oct 2025 | -4.44% IMF WEO Oct 2025 | 4.60% IMF WEO Oct 2025 | 4.50% IMF WEO Oct 2025 | 3.96% IMF WEO Oct 2025 |
| Exports | - | - | - | - | - | - | - | - | - |
| FDI Inflows | - | - | - | - | - | - | - | - | - |
| FDI Outflows | - | - | - | - | - | - | - | - | - |
| Imports | - | - | - | - | - | - | - | - | - |
| Remittances Received | $3.4B | $3.4B | $3.4B | $3.4B Trend | $3.4B Trend | $3.4B Trend | - | - | - |
| Tourism Receipts | - | - | - | - | - | - | - | - | - |
| Trade Balance | - | - | - | - | - | - | - | - | - |
| Trade Openness | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2011 | 2012 | 2013 |
|---|---|---|---|
| Interest Rate Spread | 5.00% | 5.00% | 6.83% |
| Listed Companies | - | - | - |
| Market Capitalization | - | - | - |
| Stock Turnover Ratio | - | - | - |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -2.36
Government Effectiveness -2.21
Regulatory Quality -2.01
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -1.68 | -1.65 | -1.62 | -1.62 Trend | -1.60 Trend |
| Government Effectiveness | -2.23 | -2.28 | -2.21 | -2.21 Trend | -2.19 Trend |
| Political Stability | -2.46 | -2.56 | -2.36 | -2.36 Trend | -2.30 Trend |
| Regulatory Quality | -1.92 | -1.84 | -2.01 | -2.01 Trend | -2.04 Trend |
| Rule of Law | -1.85 | -1.84 | -1.88 | -1.88 Trend | -1.90 Trend |
| Voice and Accountability | -1.62 | -1.55 | -1.44 | -1.44 Trend | -1.38 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $29
Infant Mortality Rate 32.7
Maternal Mortality Ratio 118.60
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $54 | $48 | $29 | $29 Trend | $21 Trend |
| Hospital Beds | 0.48 | 0.46 | 0.42 | 0.42 Trend | 0.41 Trend |
| Infant Mortality Rate | 35.7 | 34.7 | 32.7 | 32.7 Trend | 31.7 Trend |
| Maternal Mortality Ratio | 125.00 | 118.00 | 118.60 | 118.60 Trend | 115.00 Trend |
| Physicians | 0.17 | 0.10 | 0.09 | 0.09 Trend | 0.08 Trend |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 37.09%
Tertiary Enrollment 8.81%
Education Spending 5.15%
▾
| Indicator | 2012 | 2013 | 2016 |
|---|---|---|---|
| Education Spending | - | - | - |
| Literacy Rate | - | - | - |
| Primary Completion Rate | 59.33% | 59.15% | 60.14% |
| Primary Enrollment | 79.96% | 82.07% | 76.98% |
| Secondary Enrollment | 40.97% | 42.71% | 43.69% |
| Tertiary Enrollment | - | - | - |
| Youth Literacy Rate | - | - | - |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 3.70%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | - | - | - | - | - |
| CO2 per Capita | - | - | - | - | - |
| Electricity Access | 76.00% | 83.60% | 85.72% | 85.72% Trend | 88.09% Trend |
| Energy Use per Capita | 69 | - | 45 | 45 Trend | - |
| Forest Area | 1.04% | 1.04% | 1.04% | 1.04% Trend | 1.04% Trend |
| Renewable Energy | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 13.82%
Mobile Subscriptions 53.89
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| High-tech Exports | - | - | - | - | - |
| Internet Users | - | - | - | - | - |
| Mobile Subscriptions | 46.45 | 50.89 | 53.89 | 53.89 Trend | 55.83 Trend |
| Patent Applications | - | - | - | - | - |
| R&D Spending | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 36.7
Poverty Rate 33.30%
Income Share Top 10% 29.40%
▾
| Indicator | 1998 | 2005 | 2014 |
|---|---|---|---|
| Gini Index | 35.0 | 34.7 | 36.7 |
| Income Share Bottom 10% | 2.90% | 3.30% | 3.00% |
| Income Share Top 10% | 26.80% | 28.60% | 29.40% |
| Poverty Rate | 15.40% | 21.40% | 33.30% |
Italic values are IMF World Economic Outlook projections.
Data & analysis
Real GDP growth (%)
| 2023 | -2.00 |
| 2024 | -1.50 |
| 2025 | -1.50 |
| 2026 | 0.00 |
| 2027 | 6.00 |
| 2028 | 5.50 |
| 2029 | 5.00 |
| 2030 | 5.00 |
CPI inflation (%)
| 2023 | 0.86 |
| 2024 | 33.92 |
| 2025 | 20.44 |
| 2026 | 18.52 |
| 2027 | 11.35 |
| 2028 | 12.17 |
| 2029 | 10.47 |
| 2030 | 10.00 |
Unemployment rate (%)
| 2023 | 0.00 |
| 2024 | 0.00 |
| 2025 | 0.00 |
| 2026 | 0.00 |
| 2027 | 0.00 |
| 2028 | 0.00 |
| 2029 | 0.00 |
| 2030 | 0.00 |
Source: IMF World Economic Outlook via DBnomics
Yemen’s IMF data reveals a low-income economy in severe contraction and price instability. Real GDP growth remained negative through 2025 at -1.50 percent, reflecting the ongoing humanitarian and infrastructural crisis of the 2010s-2020s civil war. A sharp inflationary spike to 33.92 percent in 2024 underscores currency collapse and supply disruption. Despite this, Yemen holds the HistorySaid top global ranking for Energy Use per Capita in 2021 and 2022, a paradox explained by its status as a small, energy-intensive producer rather than a sign of broad prosperity. The macro story is one of crisis, with deep recession and soaring prices, followed by a projected recovery beginning in 2027 when GDP growth turns positive at 6.00 percent. However, inflation is expected to remain in double digits through 2030, indicating persistent structural fragility. A durable shift in this trajectory would require a sustained political settlement and the rebuilding of basic economic institutions.