Yemen GDP loses rose up to $126b, says Minister

Health Minister: We Aim to Leverage Chinese Expertise in Developing Health Sector in Yemen

Minister of Public Health and Population Dr. Qasem Buhybeh has called for establishing a hospital in Yemen that offers traditional Chinese medicine services alongside modern medical services.

Splendour of "Hellenistic Gold” Exhibition Showcases Rare Treasures from Bulgaria’s Sakar Region

A major new exhibition titled “The Splendour of Hellenistic Gold: The Ruler of Sakar” has opened at Bulgaria’s National Archaeology Museum in Sofia, bringing to light some of the most exquisite artifacts ever discovered in the country’s southeastern Sakar region.

U.S. federal debt exceeds $37 trillion

The federal debt of the United States has continued to rise, reaching $37.005 trillion, an increase of $6.3 billion, continuing the rapid upward trend of the debt, which shows no signs of slowing down.

Uganda and South Africa beat Niger and Guinea in the African Nations Championship

Uganda defeated Niger 2-0 in their Group C match at the African Nations Championship, currently being held in Uganda, Kenya, and Tanzania.

Last Update: ، 2025/08/16 Time 03:17:49
Latest News:

Aircraft "Kingdom of Awsan" arrives Aden International Airport

President al-Alimi Congratulates on Korean National Day

President al-Alimi Congratulates on the Anniversary of India's Independence

Supreme Council of Energy endorses plans to improve electricity services

Marib Deputy Governor discusses enhancing humanitarian partnership with UNDP, UNICEF

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%.