Yemen Oil production Yemen Electricity production

Yemen Economy

Economy - overview:yemen. one of the poorest countries in the arab world. has reported meager growth since 2000. its economic fortunes depend mostly on oil. in 2005 oil revenues increased due to higher prices. yemen was on an imf-supported structural adjustment program designed to modernize and streamline the economy. which led to substantial foreign debt relief and restructuring. however government dedication to the program waned in 2001 for political reasons. yemen is struggling to control excessive spending and rampant corruption. the population has grown increasingly upset over the economic situation. in july 2005 a reduction in fuel subsidies sparked riots in which over 20 yemenis were killed and hundreds were injured.

GDP (purchasing power parity) : $17.2 billion (2005 est.)

Inflation rate: 9.6% (2005 est.)

Labor force : 5.83 million (2005 est.)

Industries: crude oil production and petroleum refining; small-scale production of cotton textiles and leather goods; food processing; handicrafts; small aluminum products factory; cement; commercial ship repair

Yemen

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Yemen More Facts

Electricity - production: 3.848 billion kwh (2003 est.)

Oil - production: 387.500 bbl/day (2005 est.)

Yemen More Facts

Exports: $6.387 billion f.o.b. (2005 est.)

Imports : $4.19 billion f.o.b. (2005 est.)
Currency (code) : yemeni rial (yer)