Yemen: Economic growth

* indicates monthly or quarterly data series

Economic growth: the rate of change of real GDP

 Latest value 0.75
 Year 2018
 Measure percent
 Data availability 1991 - 2018
 Average 1.86
 Min - Max -27.99 - 8.21
 Source The World Bank
For that indicator, we provide data for Yemen from 1991 to 2018. The average value for Yemen during that period was 1.86 percent with a minimum of -27.99 percent in 2015 and a maximum of 8.21 percent in 1992. The latest value from 2018 is 0.75 percent. For comparison, the world average in 2018 based on 191 countries is 3.27 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Yemen - Economic growth - Recent values chart

Historical chart
Yemen - Economic growth - historical chart - 1991-2018

Economic growth in Yemen and other countries is calculated as the percent change in the GDP from one year to the next. It measures whether production has increased or decreased, and by how much.

Looking across many countries and over long periods of time, the average rate of economic growth is about 2-3 percent per year. That changes from year to year as the economy goes through recessions and expansions. However, if an economy routinely grows at about 5 percent or more per year, this is a substantial rate of economic growth. Economic growth of 7-8 percent is extraordinary.
Definition: Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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Stages of economic development

Sources of economic growth

 Related indicators Latest value Reference Measure
 Economic growth 0.75 2018 percent
 GDP, constant dollars 36.8 2018 billion U.S. dollars
 GDP, current U.S. dollars 21.61 2018 billion U.S. dollars
 GDP per capita, current dollars 650.27 2022 U.S. dollars
 GDP per capita, constant dollars 1,017.87 2022 U.S. dollars
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