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Compare Yemen (2008) - Yemen (2007)

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 Yemen (2008)Yemen (2007)
 YemenYemen
Budget revenues: $7.902 billion


expenditures: $8.167 billion (2007 est.)
revenues: $7.363 billion


expenditures: $7.199 billion (2006 est.)
Debt - external $6.122 billion (31 December 2007 est.) $5.494 billion (2006 est.)
Diplomatic representation from the US chief of mission: Ambassador Stephen A. SECHE


embassy: Sa'awan Street, Sanaa


mailing address: P. O. Box 22347, Sanaa


telephone: [967] (1) 755-2000 ext. 2153 or 2266


FAX: [967] (1) 303-182
chief of mission: Ambassador Thomas C. KRAJESKI


embassy: Sa'awan Street, Sanaa


mailing address: P. O. Box 22347, Sanaa


telephone: [967] (1) 755-2000 ext. 2153 or 2266


FAX: [967] (1) 303-182
Economy - overview Yemen, one of the poorest countries in the Arab world, reported average annual growth in the range of 3-4% from 2000 through 2007. Its economic fortunes depend mostly on declining oil resources, but the country is trying to diversify its earnings. In 2006 Yemen began an economic reform program designed to bolster non-oil sectors of the economy and foreign investment. As a result of the program, international donors pledged about $5 billion for development projects. In addition, Yemen has made some progress on reforms over the last year that will likely encourage foreign investment. Oil revenues probably increased in 2007 as a result of higher prices. Yemen, one of the poorest countries in the Arab world, reported average annual growth of 3.5% from 2000 through 2006. Its economic fortunes depend mostly on oil. Oil revenues probably increased in 2006 as a result of higher prices. Yemen was on an IMF-supported structural adjustment program designed to modernize and streamline the economy, which led to substantial foreign debt relief and restructuring. However, government dedication to the program waned in 2001 for political reasons. Yemen is struggling to control excessive spending and rampant corruption. Yemen is dependent on foreign aid to finance its budget deficits and development projects. In November, Yemen secured $4.7 billion in assistance from Arabian Gulf and Western donors.
Exchange rates Yemeni rials per US dollar - 199.14 (2007), 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003) Yemeni rials per US dollar - 197.18 (2006), 192.67 (2005), 184.78 (2004), 183.45 (2003), 175.63 (2002)
Flag description three equal horizontal bands of red (top), white, and black; similar to the flag of Syria, which has two green stars in the white band, and of Iraq, which has an Arabic inscription centered in the white band; also similar to the flag of Egypt, which has a heraldic eagle centered in the white band three equal horizontal bands of red (top), white, and black; similar to the flag of Syria, which has two green stars, and of Iraq, which has three green stars (plus an Arabic inscription), in a horizontal line centered in the white band; also similar to the flag of Egypt, which has a heraldic eagle centered in the white band
GDP - composition by sector agriculture: 12.4%


industry: 40.9%


services: 46.7% (2007 est.)
agriculture: 12.4%


industry: 42.2%


services: 45.4% (2006 est.)
GDP - real growth rate 3.2% (2007 est.) 2.6% (2006 est.)
Imports 58,100 bbl/day (2004) NA bbl/day
Independence 22 May 1990 (Republic of Yemen was established with the merger of the Yemen Arab Republic [Yemen (Sanaa) or North Yemen] and the Marxist-dominated People's Democratic Republic of Yemen [Yemen (Aden) or South Yemen]); note - previously North Yemen became independent in November 1918 (from the Ottoman Empire) and became a republic with the overthrow of the theocratic Imamate in 1962; South Yemen became independent on 30 November 1967 (from the UK) 22 May 1990 (Republic of Yemen established with the merger of the Yemen Arab Republic [Yemen (Sanaa) or North Yemen] and the Marxist-dominated People's Democratic Republic of Yemen [Yemen (Aden) or South Yemen]); note - previously North Yemen had become independent in November 1918 (from the Ottoman Empire) and South Yemen became independent on 30 November 1967 (from the UK)
Industrial production growth rate 3.2% (2007 est.) 3% (2003 est.)
Inflation rate (consumer prices) 10.7% (2007 est.) 20.8% (2006 est.)
International organization participation AFESD, AMF, CAEU, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAS, MIGA, MINURSO, NAM, OAS (observer), OIC, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer) AFESD, AMF, CAEU, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAS, MIGA, NAM, OAS (observer), OIC, ONUB, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Labor force 6.316 million (2007 est.) 5.972 million (2006 est.)
Pipelines gas 71 km; liquid petroleum gas 22 km; oil 1,309 km (2007) gas 71 km; liquid petroleum gas 22 km; oil 1,284 km (2006)
Political parties and leaders General People's Congress or GPC [Abdul-Kader BAJAMMAL]; Islamic Reform Grouping or Islah [Mohammed Abdullah AL-YADOUMI (acting)]; Nasserite Unionist Party [Abdal Malik al-MAKHLAFI]; National Arab Socialist Ba'th Party [Dr. Qasim SALAM]; Yemeni Socialist Party or YSP [Ali Salih MUQBIL]; note - there are at least seven more active political parties General People's Congress or GPC [Abdul-Kader BAJAMMAL]; Islamic Reform Grouping or Islah [Shaykh Abdallah bin Husayn al-AHMAR]; Nasserite Unionist Party [Abdal Malik al-MAKHLAFI]; National Arab Socialist Ba'th Party [Dr. Qasim SALAM]; Yemeni Socialist Party or YSP [Ali Salih MUQBIL]; note - there are at least seven more active political parties
Telephone system general assessment: since unification in 1990, efforts have been made to create a national telecommunications network


domestic: the national network consists of microwave radio relay, cable, tropospheric scatter, and GSM cellular mobile telephone systems; fixed-line and mobile-cellular teledensity remains low by regional standards


international: country code - 967; landing point for the international submarine cable Fiber-Optic Link Around the Globe (FLAG); satellite earth stations - 3 Intelsat (2 Indian Ocean and 1 Atlantic Ocean), 1 Intersputnik (Atlantic Ocean region), and 2 Arabsat; microwave radio relay to Saudi Arabia and Djibouti
general assessment: since unification in 1990, efforts have been made to create a national telecommunications network


domestic: the national network consists of microwave radio relay, cable, tropospheric scatter, and GSM cellular mobile telephone systems


international: country code - 967; satellite earth stations - 3 Intelsat (2 Indian Ocean and 1 Atlantic Ocean), 1 Intersputnik (Atlantic Ocean region), and 2 Arabsat; microwave radio relay to Saudi Arabia and Djibouti
Television broadcast stations 3 (including one Egypt-based station that broadcasts in Yemen); (plus several repeaters) (2007) 7 (plus several repeaters) (1997)
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