Macro-economic Trend
This is a chart of trend of gross domestic product of Yemen (since reunification) at market prices estimated by the International Monetary Fund with figures in millions of Yemeni Rials.
Year | Gross Domestic Product | US Dollar Exchange | Inflation Index (2000=100) |
---|---|---|---|
1990 | 125,562 | 11.70 Yemeni Rials | 5.10 |
1995 | 516,643 | 40.49 Yemeni Rials | 51 |
2000 | 1,539,386 | 161.00 Yemeni Rials | 100 |
2005 | 2,907,636 | 191.37 Yemeni Rials | 175 |
For purchasing power parity comparisons, the US Dollar is exchanged at 150.11 Yemeni Rials only. Mean wages were $1.06 per manhour in 2009.
Remittances from Yemenis working abroad and foreign aid paid for perennial trade deficits. Substantial Yemeni communities exist in many countries of the world, including Yemen's immediate neighbors on the Arabian Peninsula, Indonesia, India, East Africa, the United Kingdom, and the United States. Beginning in the mid-1950s, the Soviet Union and People's Republic of China provided large-scale assistance to the YAR. This aid included funding of substantial construction projects, scholarships, and considerable military assistance.
Read more about this topic: Economy Of Yemen