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

Yemen Welcomes International Recognition of Palestinian State

The Republic of Yemen has welcomed the announcement by Canada, Australia, Portugal, and Malta of their intention to recognize the State of Palestine. In a statement, the Yemeni Foreign Ministry expressed appreciation for this significant international development, viewing it as a historic milestone and an important step towards ending a conflict that has lasted for over half a century.

Bulgaria Launches First Innovation Centre for Internal Security

Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.

GDP grows 0.1 percent in Eurozone

The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/08/01 Time 07:03:45
Latest News:

PM orders well preparations for International Conference on Food Security in Yemen

Yemeni Minister Discusses Water and Environment Projects with UNDP

Deputy Planning Minister Discusses Development Support with UN Advisor

Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services

Parliament Speaker participates in conference for parliamentary leaders

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.