n the Arab world, has reported
strong growth since 2000, but its economic fortunes depend mostly on
oil. Yemen has embarked on an IMF-supported structural adjustment
program designed to modernize and streamline the economy, which has
led to substantial foreign debt relief and restructuring. Yemen has
worked to maintain tight control over spending and to implement
additional components of the IMF program, but a high population
growth rate and internal political dissension complicate the
government's task. Plans include a diversification of the economy,
encouragement of tourism, and more efficient use of scarce water
resources.
GDP (purchasing power parity):
$16.25 billion (2004 est.)
GDP - real growth rate:
1.9% (2004 est.)
GDP - per capita:
purchasing power parity - $800 (2004 est.)
GDP - composition by sector:
agriculture: 15.5%
industry: 44.7%
services: 39.7% (2004 est.)
Labor force:
5.98 million (2004 est.)
Labor force - by occupation:
most people are employed in agriculture and herding; services,
construction, industry, and commerce account for less than
one-fourth of the labor force
Unemployment rate:
35% (2003 est.)
Population below poverty line:
45.2% (2003)
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 25.9% (2003)
Distribution of family income - Gini index:
33.4 (1998)
Inflation rate (consumer prices):
12.2% (2004 est.)
Investment (gross fixed):
16.1% of GDP (2004 est.)
Budget:
revenues: $4.251 billion
expenditures: $4.568 billion, including capital expenditures of NA
(2004 est.)
Public debt:
46.4% of GDP (2004 est.)
Agriculture - products:
grain, fruits, vegetables, pulses, qat (mildly narcotic shrub),
coffee, cotton; dairy products, livestock (sheep, goats, cattle,
camels), poultry; fish
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
Industrial production growth rate:
3% (2003 est.)
Electricity - production:
3.04 billion kWh (2002 est.)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Electricity - consumption:
2.827 billion kWh (2002 est.)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (
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