Yemen: Economic Situation

(asked on 14th May 2019) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what estimate she has made of the amount of economic activity lost to Yemen as a result of aerial bombing in that country since the Stockholm peace agreements were signed in December 2018.


Answered by
Andrew Murrison Portrait
Andrew Murrison
This question was answered on 21st May 2019

The IMF estimates that Yemen’s economy has contracted by around 50% since the conflict began in 2015, with GDP per capita down from $1,570 in 2014 to $873 in 2018.

Both the formal and informal economies have collapsed as a result of conflict lines preventing the movements of goods and people, infrastructure damage including to factories and roads, lack of electricity and clean water and a population beset by lack of food and disease.

We are not aware of any data this year on the loss of economic activity as a result of aerial bombing.

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