Yemen Economy 5-10-24

Yemen is a failed State due to civil war between the Shia and Sunni factions of Islam since 2014. The majority Shiite population supported the war to overthrow the minority Sunni population’s government.

The Shiites side with radical Islam. 

Nominal GDP $18.42B, Per capita GDP $540, Population 35,219,853, Debt to GDP 67%, Inflation 82%,

Unemployment 17.6%, Land area 203,861 sq miles, Land area occupied by Houthis 30%. Population is 66% Shiite and are Houthis, 33% are Sunni. Exports $1.73B Imports $10.9B, Trade deficit $9.17B.

US aid is $5.5B since 2015. UK aid is $1B since 2015. UN aid is $2B.

Exports The top exports of Yemen are Crude Petroleum ($992M), Scrap Iron ($111M), Gold ($96.5M), Molluscs ($58.5M), and Non-fillet Frozen Fish ($54M), exporting mostly to China ($548M), Thailand ($355M), India ($206M), United Arab Emirates ($119M), and Oman ($82.6M).

Yemen imports grains, food products, chemicals, and machinery. 

The Al-Qaeda insurgency in Yemen is an ongoing armed conflict between the Yemeni government, the United States and their allies, and al-Qaeda-affiliated cells in Yemen. It is a part of the Global War on Terror. The Houthis are allied with Iran.

The UN has estimated that the war in Yemen had killed 377,000 people by the end of 2021, through direct and indirect causes. Over 150,000 of these deaths were the direct result of the armed conflict, while far more have died due to hunger and disease as a result of the humanitarian crisis caused by the war. Aug 25, 2023   Yet the population continues to grew from 32,981,641 in 2020 to 35,219,853 in 2024.

The current population of Yemen in 2024 is 35,219,853, a 2.24% increase from 2023. The population of Yemen in 2023 was 34,449,825, a 2.24% increase from 2022. The population of Yemen in 2022 was 33,696,614, a 2.17% increase from 2021. The population of Yemen in 2021 was 32,981,641, a 2.16% increase from 2020.

Comments

This is a war between Shiite Islamic Terrorists and Sunni defenders. Saudi Arabia could lead a coalition of anti-terrorist Arab States, expel the Houthis and al Qaeda and should annex Yemen as part of Saudi Arabia, but this is not likely to happen.  Aid needs to dry up and force Yemen to increase its GDP. The other alternative is to separate Yemen into two countries. Oil reserves are in Houthi occupied Yemen. If oil supply increases and the price per barrel goes down, Houthi revenue goes down. Low energy costs are necessary to avoid further inflation.

Norb Leahy, Dunwoody GA Tea Party Leader