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| Economy - overview: |
Yemen, one of the poorest countries in the Arab world, reported strong growth in the mid-1990s with the onset of oil production, but was harmed by low oil prices in 1998. Yemen has embarked on an IMF-supported structural adjustment program designed to modernize and streamline the economy, which has led to foreign debt relief and restructuring. Aided by higher oil prices in 1999-2000, Yemen worked to maintain tight control over spending and implement additional components of the IMF program. A high population growth rate of nearly 3.4% and internal political dissension complicate the government's task.
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| GDP: |
purchasing power parity - $14.4 billion (2000 est.)
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| GDP - real growth rate: |
6% (2000 est.)
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| GDP - per capita: |
purchasing power parity - $820 (2000 est.)
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| GDP - composition by sector: |
agriculture:
20%
industry:
42%
services:
38% (1998)
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| Population below poverty line: |
19% (1992 est.)
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| Household income or consumption by percentage share: |
lowest 10%:
2.3%
highest 10%:
30.8% (1992)
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| Inflation rate (consumer prices): |
10% (2000 est.)
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| 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
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| Unemployment rate: |
30% (1995 est.)
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| Budget: |
revenues:
$3 billion
expenditures:
$3.1 billion, including capital expenditures of $NA (2001 est.)
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| Industries: |
crude oil production and petroleum refining; small-scale production of cotton textiles and leather goods; food processing; handicrafts; small aluminum products factory; cement
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| Industrial production growth rate: |
NA%
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| Electricity - production: |
2.4 billion kWh (1999)
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| Electricity - production by source: |
fossil fuel:
100%
hydro:
0%
nuclear:
0%
other:
0% (1999)
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| Electricity - consumption: |
2.232 billion kWh (1999)
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| Electricity - exports: |
0 kWh (1999)
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| Electricity - imports: |
0 kWh (1999)
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| Agriculture - products: |
grain, fruits, vegetables, pulses, qat (mildly narcotic shrub), coffee, cotton; dairy products, livestock (sheep, goats, cattle, camels), poultry; fish
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| Exports: |
$4.2 billion (f.o.b., 2000 est.)
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| Exports - commodities: |
crude oil, coffee, dried and salted fish
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| Exports - partners: |
Thailand 34%, China 26%, South Korea 14%, Japan 3% (1999)
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| Imports: |
$2.7 billion (f.o.b., 2000 est.)
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| Imports - commodities: |
food and live animals, machinery and equipment
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| Imports - partners: |
Saudi Arabia 10%, UAE 8%, US 7%, France 7%, Italy 6% (1999)
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| Debt - external: |
$4.4 billion (2000)
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| Economic aid - recipient: |
$176.1 million (1995)
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| Currency: |
Yemeni rial (YER)
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| Exchange rates: |
Yemeni rials per US dollar - 164.590 (October 2000), 160.683 (2000), 155.718 (1999), 135.882 (1998), 129.281 (1997), 94.157 (1996)
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| Fiscal year: |
calendar year
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