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    Yemen is an underdeveloped country with a GDP per capita of $2,500. It has high unemployment at 35% and over 45% of the population lives below the poverty line. Yemen depends heavily on oil exports, which make up 25% of GDP and 70% of government revenue. Since 2006, Yemen has tried to diversify its economy beyond oil and implement economic reforms, but still faces challenges such as declining water resources.

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    Yemen is an underdeveloped country with a GDP per capita of $2,500. It has high unemployment at 35% and over 45% of the population lives below the poverty line. Yemen depends heavily on oil exports, which make up 25% of GDP and 70% of government revenue. Since 2006, Yemen has tried to diversify its economy beyond oil and implement economic reforms, but still faces challenges such as declining water resources.

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    16 views1 page

    Ye Men

    Uploaded by

    frogman120
    Yemen is an underdeveloped country with a GDP per capita of $2,500. It has high unemployment at 35% and over 45% of the population lives below the poverty line. Yemen depends heavily on oil exports, which make up 25% of GDP and 70% of government revenue. Since 2006, Yemen has tried to diversify its economy beyond oil and implement economic reforms, but still faces challenges such as declining water resources.

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    Byun, Hyung Suk Econ 2 MW 10:35-12:00pm ID: 88-033-1501

    YEMEN
    GDP: $63.24 billion (2011 est.) GDP PER CAPITA: $2,500 (2011 est.) GROWTH RATE: 2.5% (2011 est.) UNEMPLOYMENT RATE: 35% (2003 est.) POPULATION BELOW POVERTY LINE: 45.2% (2011 est.) EXPORTS: $7.127 billion (2011 est.) IMPORTS: $9.183 billion (2011 est.) NATIONAL DEBT: $6.636 billion (2011 est.)

    Yemen is one of the least developed countries in the Arab world. It suffers from declining natural resources, increasing population, and a high unemployment rate. It depends very heavily on oil exports for revenue. Petroleum comprises about 25% of the GDP and 70% of government revenue. Since 2006, Yemen has tried to decrease its dependency on oil for its revenue. It has implemented an economic reform program in 2006 to diversify its profits in sectors other than oil. Some of its main exports are oil, coffee, dried fish, and liquefied natural gas. Some of its main imports are food and live animals, machinery and equipment, and chemicals. Despite the efforts, Yemen still faces challenges such as dwindling water resources.

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