Yemen
Yemen, in long form the Republic of Yemen, is an Arab country located at the southwestern tip of the Arabian Peninsula. It has a land border with Saudi Arabia to the north and with Oman to the northeast, and a sea border with Djibouti and Eritrea to the west and Somalia to the south.
General presentation
Official name: Republic of Yemen
Type of government: Republic
Surface area: 527,970 km2 (1,840,000 sq mi)
Capital: Sana’a
Main cities: Sana’a, Aden, Taez, Hodeida, Mukalla
Official language(s): Arabic
National holiday: May 22
Population: 26.94 million (2020 Wordometer) Density: 68.94 inhabitants/km2 Population growth rate: 2.64% (2020) Literacy rate: 85% for men, 55% for women
Source: Ministry of Europe and Foreign Affairs
Economic situation
Yemen’s economy has historically been based on three pillars: agriculture, hydrocarbons (oil now in decline, gas exports at a standstill) and remittances from migrant workers, particularly from Saudi Arabia. Natural gas is being exploited (exports are currently at a standstill) and offers vast prospects. Even before 2015, the situation of extreme economic fragility made international financial support essential.
Source: diplomatie. Gov
Bilateral Relations
Bilateral investment treaties
Work in process
Double taxation agreements
Work in process
Free trade agreements
Work in process
Leading sector for Swiss companies
Work in process
Indicators
| 2016 | 2017 E | 2018 E | 2019 E | |
|---|---|---|---|---|
| GDP (in billions of USD) | 36.44 | 31.27 | 28.52 | 34.32 |
| GDP per capita (USD) | 1.251 | 1.043 | 926 | 1.084 |
| Growth rate | -13.6 (e) | -5.9 | -2.6 | 14.7 |
| Unemployment rate | ||||
| Inflation rate | -12.6 | 24.7 | 41.8 | 20.0 |
| Public debt (% of GDP) | 68.1 | 74.5 | 62.5 | 48.8 |
| Budget balance (% of GDP) | -1.87(e) | -124 | -2.66 | -2.55 |
| Current account balance (% of GDP) | -5.1 (e) | -4.0 | -9.3 | -7.4 |
(Sources FMI, Banque Mondiale)
Main customers
China, South Korea, Saudi Arabia, India.
Source: IMF
Main suppliers
China, United Arab Emirates, Saudi Arabia, Australia, Turkey.
Source : IMF
Swiss exports to
Work in process
Exports of …. to Switzerland
Work in process
Swiss direct investment in
Work in process
The business climate
Work in process