External balance on goods and services in Yemen
Yemen: External balance on goods and services was -38.6% in 2018. ◆ Volatile
External balance on goods and services in Yemen, 1990–2018
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Yemen is -38.6%, measured in 2018. That is the lowest value across all 29 years on record.
The figure is down 63.5% on the previous year and down 592.3% over ten years.
Over the whole period, external balance on goods and services in Yemen peaked at 10.6% in 1994 and was at its lowest, -38.6%, in 2018.
That places Yemen 179th out of 193 countries with data for 2018, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Yemen, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | -5.3% | — |
| 1991 | -12.6% | +137.7% |
| 1992 | -13.7% | +9.2% |
| 1993 | -18.3% | +33.2% |
| 1994 | 10.6% | -157.9% |
| 1995 | 3.5% | -66.7% |
| 1996 | -8.9% | -353.0% |
| 1997 | -7.6% | -15.1% |
| 1998 | -19.6% | +158.3% |
| 1999 | -2.3% | -88.1% |
| 2000 | 7.4% | -417.3% |
| 2001 | 0.9% | -87.8% |
| 2002 | -0.7% | -180.8% |
| 2003 | -1.5% | +106.6% |
| 2004 | 0.9% | -161.0% |
| 2005 | 5.0% | +446.7% |
| 2006 | 0.4% | -91.2% |
| 2007 | -7.3% | -1759.3% |
| 2008 | -5.6% | -23.9% |
| 2009 | -11.4% | +105.0% |
| 2010 | -4.4% | -61.5% |
| 2011 | -2.4% | -45.9% |
| 2012 | -11.6% | +389.1% |
| 2013 | -7.8% | -33.0% |
| 2014 | -5.3% | -32.3% |
| 2015 | -12.3% | +132.5% |
| 2016 | -21.5% | +75.0% |
| 2017 | -23.6% | +9.9% |
| 2018 | -38.6% | +63.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -7.4% | -19.6% | 10.6% | 10 |
| 2000s | -1.2% | -11.4% | 7.4% | 10 |
| 2010s | -14.2% | -38.6% | -2.4% | 9 |
Countries ranked near Yemen
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 3.33 million BoP, current US$ (2019)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2018)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0949 BoP, current US$ per person (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -370.98 million BoP, current US$ (2019)
- Foreign direct investment, net inflows (BoP, current US$), annual -31.51 % change on previous year (2019)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0131 BoP, current US$ per US$ of GDP (2018)
- Foreign direct investment, net inflows (BoP, current US$), per capita -10.57 BoP, current US$ per person (2019)
- Total reserves (includes gold, current US$), annual growth rate -25.9 % change on previous year (2022)
Frequently asked questions
- What is external balance on goods and services in Yemen?
- External balance on goods and services in Yemen was -38.6% in 2018, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Yemen?
- The highest recorded value was 10.6% in 1994.
- What is the lowest external balance on goods and services recorded in Yemen?
- The lowest recorded value was -38.6% in 2018.
- How does Yemen rank for external balance on goods and services?
- Yemen ranks 179th out of 193 countries with data for 2018.
- Is external balance on goods and services rising or falling in Yemen?
- Over the last ten years it is down 592.3%. The long-run trend across the full record is volatile.
- Where does this Yemen data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.