amline the economy, which has led to foreign
debt relief and restructuring. Yemen will work in 1999 to maintain
tight control over spending and implement additional components of
the IMF program. The high population growth rate of 3.3%, internal
political dissension, and continued low prices make the government's
task especially difficult.
GDP: purchasing power parity--$12.1 billion (1998 est.)
GDP--real growth rate: 1.8% (1998 est.)
GDP--per capita: purchasing power parity?$740 (1998 est.)
GDP--composition by sector:
agriculture: 16%
industry: 46%
services: 38% (1996)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: 2.3%
highest 10%: 30.8% (1992)
Inflation rate (consumer prices): 11% (1998 est.)
Labor force: NA
Labor force--by occupation: most people are employed in
agriculture and herding or as expatriate laborers; services,
construction, industry, and commerce account for less than one-half
of the labor force
Unemployment rate: 30% (1995 est.)
Budget:
revenues: $2.3 billion
expenditures: $2.6 billion, including capital expenditures of $NA
(1998 budget 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
Industrial production growth rate: NA%
Electricity--production: 1.9 billion kWh (1996)
Electricity--production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1996)
Electricity--consumption: 1.9 billion kWh (1996)
Electricity--exports: 0 kWh (1996)
Electricity--imports: 0 kWh (1996)
Agriculture--products: grain, fruits, vegetables, qat (mildly
narcotic shrub), coffee, cotton; dairy products, poultry, beef; fish
Exports: $1.6 billion (f.o.b., 1998 est.)
Exports--commodities: crude oil, cotton, coffee, dried and salted
fish
Exports--partners: China 31%, South Korea 19%, Thailand 17%,
Thailand 5%, Brazil 5%, Japan 5% (1997)
Imports: $2.8 billion (c.i.f., 1998 est.)
Imports--commodities: food and live animals, machinery and
equipment, manufactured goods
Imports--partners: UAE 9%, Saudi Arabia 8%, US 7%, France 6%,
Brazil 5% (1997)
Debt--external: $4.9 billion (1998)
Economic aid--recipient: $176.1 million (1995)
Currency: Yemeni rial (YRl) (new currency)
Exchange rates: Yemeni rials (YRl) pe
|