Lewes, DE -- (SBWire) -- 12/15/2017 --As per International Monetary Fund (IMF) Yemen's nominal gross domestic product is expected to grow at a CAGR of 18.03% from it's 2015 level of YER 8108.64 billion and reach YER 26289.37 billion by 2022.
Yemen, officially the Republic of Yemen, is an Arab country in Western Asia, occupying the southwestern to southern end of the Arabian Peninsula. Yemen is the second largest country in the peninsula, occupying 203,850 square miles. The coastline stretches for about 1,200 miles, and it is bordered by Saudi Arabia to the north, the Red Sea to the west, the Gulf of Aden and Arabian Sea to the south, and Oman to the east. Its capital and largest city is Sana'a.
Yemen had estimated population of 28.284 million in the year 2016 and expected to reach 34.082 million by 2022 it is expected to grow at a CAGR of 2.70%.
Yemen's real gross domestic product (GDP) was estimated to be around YER 236.555 billions in 2016 whereas the nominal GDP expected to be YER 7648.93 billions. This resulted in GDP deflator 3233.47. Per capita GDP was estimated at USD 937.712 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 2374.86.
In 2016, Yemen government's revenue was estimated to be at YER 827.442 billions whereas the expenditure was estimated to be at YER 1862.99 billions. This resulted Yemen government's net lending / borrowing negative at YER 1035.55 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Yemen was negative and estimated to be at USD 1.532 billions for the year 2016 and is expected to decline at a CAGR of 6.41% and reach USD 1.304 by 2022. This negative current account balance indicates the Yemen is net borrower from the whole world.
Scope of the Yemen PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Yemen.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Yemen.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Yemen.
- These reports provide risk analysis for Yemen.
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For more information and to purchase Yemen Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/yemen-risk-analysis-market-research-report
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