Yemen

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.

Economical characteristics

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

Statistics

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

References

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.

Links

• Yemen on Wikipedia
• Central bank of Yemen
• Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
• BBC country profile
• Chaos in Yemen Drives Economy to Edge of Ruin by Robert F. Worth and Laura Kasinof, June 2011