(last updated on July 9, updates marked *)
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KEY INTEREST RATES DEPOSIT
rate 20 pct
last change March 29, 2010
former rate 15 pct
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YEMEN GDP 2011 2010 2009 2008
real GDP, pct change y/y -10.5 7.7 3.9 3.6
nominal, bln rials 7,199.7 6,816.7 5,097.6 5,375.9
per capita income $ 2,307 2,599 2,457 2,413
NOTE. Source: IMF, Per capita income is based on purchasing power parity.
The IMF expected in April Yemen's economic output to shrink by 0.9 percent in
real terms in 2012.
YEMEN GDP 2011 2010 2009
(bln $) 28.886 31.183 28.124
NOTE. Source: Central Bank
*YEMEN CONSUMER INFLATION 04/12 03/12 04/11
pct change month/month -0.2 -1.0 0.8
pct change year/year 12.6 13.8 16.0
NOTE. Source: Central Bank. The IMF expected Yemen's inflation of 17.1
percent in 2012.
YEMEN GOVERNMENT BUDGET 2012 2011 2010
Revenue, bln rials 2,100.0 (2,401.4) 1,519.6 (1,772.4) 1,520.4 (1,774.4)
Expenditures 2.700.0 (2.805.5) 1,836.0 (2,085.8) 2,012.1 (2,049.9)
Balance -561.0 (-404.0) -327.4 (-313.5) -524.2 (-275.4)
pct/GDP -7.8 (-5.0) -3.9 (-4.4) -8.2 (-4.0)
nominal GDP estimate 8,410.4 (7,199.7) 6,399.0 (6,816.7)
NOTE. Source: Ministry of Finance, 2011 plan, IMF estimates in brackets.
*YEMEN CRUDE OIL EXPORTS JAN-MAY 12 JAN-APRIL 12 JAN-MAY 11
$ mln 1,417.4 1,232.2 1,353.2
mln barrels 11.9 10.2 12.2
domestic consumption 0.0 0.0 6.6
NOTE. Source: Central Bank; mln barrels represent the government's share.
Domestic consumption in mln barrels is influenced by attacks on pipelines.
*YEMEN C.BANK NET FOREIGN ASSETS 05/12 04/12 05/11
$ bln 4.411 4.427 4.619
months of import 7.0 7.0 5.9
NOTE. Source: Central Bank, months of import are for assets excluding
liabilities
*YEMEN BALANCE OF PAYMENTS 2011 2010 2009
(bln rials)
I CURRENT ACCOUNT -220.1 (-265.0) -305.0 -513.5
Trade balance 88.5 -232.1 -403.0
Exports 1,852.0 1,678.1 1,171.6
- crude 1,637.4 1,353.5 886.9
-- government share 748.7 582.4 391.9
Imports -1,763.5 -1,910.2 -1,574.6
Balance of services -219.2 (-200.0) -161.6 -179.2
Income -545.5 -377.1 -234.4
Transfers 456.2 (392.1) 465.7 303.1
II+III CAPITAL & FINANCIAL ACCOUNT -155.0 -49.5 -62.4
Direct investment -152.4 -17.3 25.9
Inflow 260.1 444.0 335.5
Outflow -421.8 -473.8 -309.6
Other investment -2.6 -32.2 -88.3
Net reserves 297.6 175.8 257.1
Debt relief and arears 1.4 20.2 1.2
NOTE. Source: Central Bank. 2011 and 2010 preliminary.
*YEMEN CURRENT ACCOUNT BALANCE 2011 2010 2009 2008
pct of GDP -4.3 -4.5 -9.1 -4.1
NOTE. Source: Central Bank
*YEMEN OUTSTANDING EXTERNAL DEBT 05/12 04/12
$ bln 6.019 6.109
NOTE. Source: Central Bank. 2011 data preliminary.
YEMEN GROSS EXTERNAL DEBT 2011 2010 2009 2008
pct of GDP 18.0 19.8 (19.6) 24.0 21.9
NOTE. Source: IMF
*YEMEN MONEY SUPPLY 05/12 04/12 05/11
M2 (bln rials) 2,440.1 2,322.6 2,140.4
M1 1,039.2 963.3 893.3
Quasi money 1,400.9 1,359.3 1,247.1
*YEMEN BANKING SECTOR 05/12 04/12 05/11
loans & advances, bln rials 1,130.1 1,111.3 972.4
deposits 1,467.9 1,467.4 1,314.4
NOTE. Source: Central Bank
(Compiled by Martin Dokoupil)