Yemen: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Yemen |
Trade balance as percent of GDP |
|---|---|
| Latest value | -41.39 |
| Year | 2018 |
| Measure | percent |
| Data availability | 1990 - 2018 |
| Average | -7.68 |
| Min - Max | -41.39 - 10.59 |
| Source | The World Bank |
The latest value from 2018 is -41.39 percent, a decline from -25.58 percent in 2017. In comparison, the world average is -4.12 percent, based on data from 172 countries. Historically, the average for Yemen from 1990 to 2018 is -7.68 percent. The minimum value, -41.39 percent, was reached in 2018 while the maximum of 10.59 percent was recorded in 1994.
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* indicates monthly or quarterly data series
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The trade balance for Yemen and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 131.02 | 2021 | percent |
| Trade openness | 58.90 | 2018 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 8.76 | 2018 | percent |
| Exports, billion dollars | 1.89 | 2018 | billion U.S. dollars |
| Growth of exports | 49.18 | 2018 | percent |
| Imports, percent of GDP | 50.15 | 2018 | percent |
| Imports, billion dollars | 10.83 | 2018 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.69 | 2019 | percent |
| Foreign Direct Investment, billion dollars | -0.37 | 2019 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2016 | million dollars (current) |
| Current account, percent of GDP | -17.71 | 2022 | percent |
| Current account, in dollars | -2.42 | 2016 | billion U.S. dollars |
| Trade balance, percent of GDP | -41.39 | 2018 | percent |
| Trade balance, in dollars | -7.32 | 2016 | billion U.S. dollars |
| Reserves | 1.25 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 20.52 | 2023 | percent |
| Remittances | 3,770.58 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,258.83 | 2016 | million USD |
| External debt | 32.59 | 2018 | percent |
| Short-term external debt | 6.79 | 2022 | percent |
| Short-term debt to reserves | 39.90 | 2022 | percent |