Yemen, Rep.: GDP (current US$)
In , Yemen, Rep.'s GDP (current US$) was $21.61 billion.
That's down 19.5% from 2017, the highest value since .
The global average for this indicator in 2018 was $572.20 billion .
Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2018
Trend (2005–2018)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
- 2010 · Arab Spring begins
Highlights
- Peak
- $43.23B
- Trough
- $16.73B
- 1-year change
- -19.5%
- 5-year change
- -46.5%
- -11.8% / yr
- 10-year change
- -19.7%
- -2.2% / yr
Real vs nominal growth
Over the last 10 years, Yemen, Rep.'s nominal GDP (current US$) changed by -19.7%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by -34.7%. The +15.0 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.
Historical Data — Last 10 Years
| Year | GDP (current US$) |
|---|---|
| 21.606B | |
| 26.842B | |
| 31.318B | |
| 42.444B | |
| 43.229B | |
| 40.415B | |
| 35.401B | |
| 32.726B | |
| 30.907B | |
| 25.130B |
About GDP (current US$)
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GDP.MKTP.CD • Category: Economy
Frequently asked questions
- What was Yemen, Rep.'s GDP (current US$) in 2018?
- In 2018, Yemen, Rep.'s GDP (current US$) was $21.61 billion, according to World Bank Open Data.
- Is Yemen, Rep.'s GDP (current US$) rising or falling?
- Yemen, Rep.'s GDP (current US$) fell 19.5% from 2017 to 2018.
- How does Yemen, Rep.'s GDP (current US$) compare to the world average?
- The global average for GDP (current US$) in 2018 was $572.20 billion, so Yemen, Rep. is below the world average.
- What is GDP (current US$) and how is it measured?
- Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.