The Republic of Yemen: 2013 Article IV Consultation

July 31, 2013

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The Republic of Yemen: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 20, 2024

Summary

This staff report on the Republic of Yemen’s 2013 Article IV Consultation highlights economic development and policies. The macroeconomic situation stabilized in 2012, but the recovery remains fragile. After contracting by more than 12 percent in 2011, real GDP is estimated to have grown by 2.4 percent in 2012, reflecting an easing of supply bottlenecks, and utilization of part of idle capacity. On the other hand, oil production declined further, due to continued sabotage of the pipelines. Average inflation declined to 9.9 percent from 19.5 percent in 2011, reflecting the appreciation of the rial to its pre-crisis level, the moderation of international food prices, and the easing of supply shortages.

Subject: Balance of payments statistics, Economic and financial statistics, External debt, Government finance statistics, National accounts, Public debt

Keywords: Address unemployment, Aid disbursement, Asia and Pacific, Balance of payments statistics, CR, Debt, Exchange rate system, GDP, Global, Government finance statistics, Inflation objective, ISCR, Middle East, Real GDP, Yemen, Yemeni authorities

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/246
Stock No:

1YEMEA2013001
ISBN:

9781475554045
ISSN:

1934-7685

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