Austrian Economics Wiki
Country summary




Oman 288 km, Saudi Arabia 1,458 km

Government type



22,858,238 (July 2010 est.)[1]

Population growth

2.786% (2010 est.)[1]

Life expectancy

63 years[1]


35% (2003 est.)[1]

Index of Economic Freedom


Corruption Perceptions Index


North Yemen became independent of the Ottoman Empire in 1918. The British, who had set up a protectorate area around the southern port of Aden in the 19th century, withdrew in 1967 from what became South Yemen. Three years later, the southern government adopted a Marxist orientation. The massive exodus of hundreds of thousands of Yemenis from the south to the north contributed to two decades of hostility between the states. The two countries were formally unified as the Republic of Yemen in 1990. A southern secessionist movement in 1994 was quickly subdued. In 2000, Saudi Arabia and Yemen agreed to a delimitation of their border.[1]

Economical characteristics[]

  • Currency: Yemeni rial (ISO code: YER)
  • Central bank discount rate: NA%[1]
  • Commercial banks lending rate: 18% (31 December 2008)[1]
  • Stock of money (M1): $3.489 billion (31 October 2009)[1]
  • Quasi money (with M1 makes M2): $6.077 billion (31 October 2009)[1]


Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)[4]
Govt. debt (% of GDP)[5]
Govt. revenue (% of GDP)[6]
Govt. expenses (% of GDP)[7]
Debt to revenue (years)


Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Yemen", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Yemen", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Yemen", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. World Bank. "Yemen: GDP", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Yemen: government debt", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Yemen: government revenue", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Yemen: government expenses", from World Bank Data. Referenced 2010-09-30.

External links[]