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2026/09/12
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Latest News:
Yemen Ambassador, EU Official Discuss Houthi Escalation, Maritime Security
Yemen Ambassador Discusses Relations, Developments with Cuba’s Acting Foreign Minister
Foreign Minister: Empowering State To Protect Its Sovereignty, Coasts Cornerstone For Bab al-Mandeb ..
Foreign Minister Discusses Developments, Houthi Escalation with U.S. Chargé d’Affaires
President al-Alimi: Yemen's Defensing of Bab al-Mandeb Defensing of Security of Global Shipping Lanes, ..
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 -
Yemeni Rights Network Documents 958 Houthi Violations in Nine Days
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Yemen Ambassador Discusses Relations, Developments with Cuba’s Acting Foreign Minister
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Yemen Rights Network Documents Over 36,000 Houthi Violations Against Children
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US Embassy Says Houthis Have Brought Yemen Nothing but SufferingBeaking News
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