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Yemen Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
28,667,230 (July 2018 est.)GDP (PPP)
$73.6 billion (2017 est.)The ongoing civil war (started in 2015) has halted Yemen’s exports, pressured the currency’s exchange rate, accelerated inflation, severely limited food and fuel imports, and caused widespread damage to infrastructure. The conflict has also created a severe humanitarian crisis, and more than 80% of the population in need of humanitarian assistance
GDP growth rate
-5.9% (2017 est.)GDP growth rate has collapsed since the start of the civil war (2015)
GDP (PPP) per capita
$2,500 (2017 est.)Very low. Among the lowest in the world
Local currency
Yemeni rial (YER)Officially pegged to the USD (1$ = 250 YER), however in the black market there are strong fluctuations
Financial stability (Public debt)
74.5% (2017 est.)Medium
Inflation
24.7% (2017 est.)Extremely high
Language
Arabic (official)English is not widely spoken
Corruption perception index (Source: Transparency International)
Rank 176/180Extremely high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
Report not available
Corporate Tax
Report not available
Duties
Report not available
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