The
population of Yemen in 2025 is estimated to be around 41.77 million. In 2025, Yemen's nominal GDP is projected to
be $17.4 billion. In 2025, Yemen's debt-to-GDP ratio is projected to be
around 65% to 71.24%, In 2025, Yemen's nominal GDP per capita is projected
to be $416.55. In 2025, Yemen's inflation rate is projected to be
around 20.44 percent. In 2025, Yemen's unemployment rate is projected to
be around 17.50 percent,
Yemen's primary trading partners include China, Saudi Arabia, and Turkey. Other significant partners include the United Arab Emirates, Thailand, Malaysia, and Oman. Yemen's exports primarily consist of oil and agricultural products, while its imports include fuels, wheat, corn, rice, meat, and pharmaceuticals.
Detailed
Breakdown:
China:
A major source of imports for Yemen, particularly machinery, electronics, and
other manufactured goods.
Saudi
Arabia: A significant trading partner, both for exports and imports, with Saudi
Arabia being a key source of imports for Yemen.
Turkey:
A major source of imports for Yemen, particularly in sectors like baked goods,
wheat flours, and raw iron bars.
United
Arab Emirates: A prominent destination for Yemeni exports, including
agricultural products and other goods.
Thailand:
A key destination for Yemeni exports, particularly agricultural and food
products.
Malaysia:
Another important destination for Yemeni exports, especially agricultural and
related goods.
Oman:
A significant destination for Yemeni exports, with trade focused on various
products.
Other notable partners: India, Brazil, and the United States also engage in trade with Yemen.
Yemen's Trade Dynamics:
Exports:
Yemen's exports are heavily reliant on its regional neighbors, with the
exception of oil.
Imports:
Yemen imports a diverse range of goods, including fuels, food, and manufactured
products.
Trade Balance: Yemen experiences a trade deficit, importing more than it exports.
Strategic
Importance:
Yemen's location at the crossroads of Asia and Africa makes it a vital import market and a strategic trade partner for many countries, according to Volza.com.
Yemen
trading partners 2025
Based on available information and recent data from 2023 and early 2025, Yemen's primary trading partners include:
Export
Destinations:
· United Arab
Emirates: Top destination for Yemen's exports, including gold and fish.
· India: A
significant export partner for Yemen.
· Saudi Arabia: A
major export destination.
· Oman: Another
important destination for Yemen's exports.
· Malaysia: A key
trading partner for Yemen, particularly for products like mollusks and frozen
fish.
· China: One of
Yemen's biggest overall trade partners.
· Thailand: A major destination for Yemen's exports.
Import
Origins:
· China: Yemen's
largest import partner, providing a significant volume of goods including
machinery, electronics, and manufactured items.
· United Arab
Emirates: A major source of imports.
· Saudi Arabia: A
significant import partner.
· Turkey: Another
major source of imports, especially for textiles and machinery.
· India: A
substantial import partner for Yemen.
· United
States: Imports from the US include wheat, chemical woodpulp, and cars.
· Germany: Yemen
imports mineral fuels and distillation products, dairy products, and
unspecified commodities from Germany.
· Switzerland: A
noted import partner.
· The
Netherlands: Another important import origin.
· Australia: A key
import partner.
· Brazil: Yemen
imports items like poultry meat and raw sugar from Brazil.
· Malaysia: A
significant source of imports, including palm oil and plywood.
Note: While data from 2023 is the most comprehensive available, more recent data from early 2025 offers insights into the continuation of these trade relationships.
In
2025, Yemen's economy is projected to face continued challenges,
including a contraction in real GDP and a drop in nominal GDP per
capita. The outlook remains bleak with fiscal strain, currency
depreciation, liquidity shortages, and fuel disruptions likely to worsen
economic vulnerabilities. The trade deficit is also expected to worsen,
particularly in the first quarter of 2025.
https://www.google.com/search?q=yemen+economy+2025
World
Bank June 2, 2025, Press Release
Economic Fragmentation and External Shocks Hamper Yemen’s Recovery Path
WASHINGTON, June 2, 2025 — Yemen’s economy continues to face strain as persistent conflict, institutional fragmentation, and declining external support compound the country’s long-running crisis, according to the World Bank’s latest Yemen Economic Monitor. The Spring 2025 edition, "Persistent Fragility Amid Rising Risks", finds that real GDP per capita has declined by 58 percent since 2015, while inflation in areas controlled by the Internationally Recognized Government (IRG) exceeded 30 percent in 2024. The Yemeni Rial depreciated from YER 1,540 to YER 2,065 per US dollar over the year, further eroding household purchasing power.
The report highlights the ongoing blockade by Houthi movement forces on oil exports, which drove IRG revenues (excluding grants) down to 2.5 percent of GDP in 2024. While increased budget support and spending cuts helped narrow the fiscal deficit to 2.5 percent, down from 7.2 percent in 2023, the economic environment remains fragile. The country’s deepening division into two economic zones – with separate institutions, monetary authorities, and exchange rates – continues to drive disparities and undermine coordinated policymaking.
Red Sea tensions, including over 450 maritime security incidents in 2024, severely disrupted trade routes through the Bab el-Mandeb Strait, increasing shipping costs. At the same time, socioeconomic conditions have worsened. More than two-thirds of Yemenis now face inadequate food consumption, while coping strategies are becoming increasingly destructive as families exhaust available resources.
“Yemen’s economy is being torn between fragmentation and fragility, yet the potential for recovery remains real,” said Dina Abu-Ghaida, World Bank Group Country Manager for Yemen. “While peace remains critical for long-term recovery, there are actions that can be taken – including supporting local institutions and protecting essential services – to help reduce economic pressures on Yemenis today.”
Looking ahead, the outlook for 2025 remains bleak. Real GDP is projected to contract by 1.5 percent, while nominal GDP per capita is expected to drop by 19 percent. Continued fiscal strain, currency depreciation, liquidity shortages, and fuel disruptions will likely deepen economic vulnerabilities. In contrast to inflationary pressures in IRG-controlled areas, deflation and liquidity constraints in Houthi-controlled regions are driving an increasing reliance on informal and barter-based transactions. Meanwhile, decreases in donor financing and sanctions compliance risks are expected to constrain economic activity by limiting liquidity, suppressing household incomes, and weakening demand, particularly in Houthi-controlled areas.
The report concludes by outlining three potential economic trajectories for Yemen – a continuation of the status quo, escalation of conflict, or a path to lasting peace. Under the peace scenario, Yemen’s economy could grow by an average of 5 percent annually over the next 15 years, supported by renewed investment, stronger institutions, and targeted reconstruction.
Comments
The Houthis need to be eradicated from Yemen before they will be able to recover and grow their nominal GDP.
Norb Leahy, Dunwoody GA Tea Party Leader
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