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

 20162017 E2018 E2019 E
GDP (in billions of USD)36.4431.2728.5234.32
GDP per capita (USD)1.2511.0439261.084
Growth rate-13.6 (e)-5.9-2.614.7
Unemployment rate
Inflation rate-12.624.741.820.0
Public debt (% of GDP)68.174.562.548.8
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