Current account balance in Yemen
Yemen: Current account balance was -7.7% in 2016. ◆ Volatile
Current account balance in Yemen, 2005–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2016, current account balance in Yemen stood at -7.7%.
The figure is down 8.3% on the previous year and down 815.7% over ten years.
Over the whole period, current account balance in Yemen peaked at 3.7% in 2005 and was at its lowest, -10.1%, in 2009.
Yemen ranks 161st of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Yemen, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 3.7% | — |
| 2006 | 1.1% | -71.1% |
| 2007 | -7.0% | -745.6% |
| 2008 | -4.6% | -33.3% |
| 2009 | -10.1% | +116.3% |
| 2010 | -3.4% | -66.1% |
| 2011 | -1.6% | -52.8% |
| 2012 | -0.9% | -41.3% |
| 2013 | -3.8% | +300.6% |
| 2014 | -3.4% | -9.1% |
| 2015 | -7.1% | +107.1% |
| 2016 | -7.7% | +8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.4% | -10.1% | 3.7% | 5 |
| 2010s | -4.0% | -7.7% | -0.9% | 7 |
Countries ranked near Yemen
- 158 Guinea-Bissau -7.4% compare
- 159 Seychelles -7.5% compare
- 160 New Caledonia -7.5% compare
- 162 Uganda -7.8% compare
- 163 Fiji -7.8% compare
- 164 Romania -7.9% compare
More economy & growth data for Yemen
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.5 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 139.92 % change on previous year (2018)
- Gross capital formation (current US$), per unit of GDP 0.0618 current US$ per US$ of GDP (2018)
- Gross capital formation (current US$), per capita 39.15 current US$ per person (2018)
- Gross capital formation (current LCU), annual growth rate 244.91 % change on previous year (2018)
- Gross capital formation (current LCU), per unit of GDP 33.1 current LCU per US$ of GDP (2018)
- Gross capital formation (current LCU), per capita 20,982 current LCU per person (2018)
- Gross capital formation (constant 2015 US$), annual growth rate 181.78 % change on previous year (2018)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0999 constant 2015 US$ per US$ of GDP (2018)
Frequently asked questions
- What is current account balance in Yemen?
- Current account balance in Yemen was -7.7% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Yemen?
- The highest recorded value was 3.7% in 2005.
- What is the lowest current account balance recorded in Yemen?
- The lowest recorded value was -10.1% in 2009.
- How does Yemen rank for current account balance?
- Yemen ranks 161st out of 200 countries with data for 2016.
- Is current account balance rising or falling in Yemen?
- Over the last ten years it is down 815.7%. The long-run trend across the full record is volatile.
- Where does this Yemen data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.