Almost half of Yemenis live on less than $2 a day

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Nearly half of Yemen’s population, about 47 percent, lives on less than $2 a day while the poverty level in the country makes it one of the poorest in the world.

Rural poverty levels in the country are estimated at about 50 percent, according to the World Bank, which estimates that Yemen’s population will more than double to 50m people by 2035.

 The country, which has seen a wave of attacks by militants on its oil pipelines, will probably run out of oil in about 11 years at its current production levels.

Oil accounts for about a third of the country’s gross domestic product and makes up about 75 percent of the government’s revenue and 90 percent of the country’s exports.

The country’s economy is expected to grow about 4.1 percent this year after contracting 1.9 percent in 2012 while inflation is forecast to drop to 12.7 percent from 15 percent a year earlier, according to International Monetary Fund figures.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Q&A with Dubai Chamber

Q&A with Dubai Chamber

We spoke with Essa Al Zaabi of Dubai Chamber of Commerce to find...

The politics of big data

The politics of big data

The UAE may be one of the fastest adopters of e-government initiatives...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew