Source: world bank Nominal/PPP
Summary:
Yemen GDP Per Capita expanded from 1990 to 2018, increasing from $12.64 to $21.61 .The compound annual growth rate (CAGR) averaged 1.93% over the period. The economy recorded its peak level in 2014 and its lowest level in 1998. Growth volatility remained high. The maximum drawdown reached 77.44%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Yemen Economic Phases (1990 - 2018)
From 1990 to 2018, Yemen economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1991–1994) indicating robust economic expansion
- Crisis (1995–1996) indicating severe economic downturn
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2014) indicating robust economic expansion
- Crisis (2016–2018) indicating severe economic downturn
The most remarkable growth occurred in 1994 with an increase of 28.903%, while the largest decline was in 1995 at -54.331%.