Economic Policy & Debt · Yemen, Rep.
Yemen, Rep.: Current account balance (current US$, BoP)
Yearly data from 2005 to 2016, from the World Bank.
Economic Policy & Debt · Yemen, Rep.
Yearly data from 2005 to 2016, from the World Bank.
Yemen, Rep.'s current account balance (current US$, BoP) was −US$2.42 billion in 2016, the latest year in the World Bank's World Development Indicators. That is down 1,276% from US$205.72 million in 2006.
| Value | Year | |
|---|---|---|
| Latest | −US$2.42 billion | 2016 |
| Five years earlier | −US$527.37 million | 2011 |
| Ten years earlier | US$205.72 million | 2006 |
| Highest | US$624.15 million | 2005 |
| Lowest | −US$3.03 billion | 2015 |
| Average since 2007 | −US$1.57 billion | 2007–2016 |
| First recorded | US$624.15 million | 2005 |
Over five years it is down 358.69% from −US$527.37 million in 2011. Since 2005 it is down 487.56% from US$624.15 million in 2005.
In 2016, Yemen, Rep.'s current account balance (current US$, BoP) rose US$607.06 million on 2015 (from −US$3.03 billion to −US$2.42 billion).
Across the 10 yearly changes before that (2006 to 2015), the average change was −US$365.02 million and a typical year strayed about US$1.04 billion from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$1.47 billion in 2010 and the biggest yearly fall was US$1.71 billion in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2007 to 2016 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
| Year | Current account balance (current US$, BoP) |
|---|---|
| 2016 | -2,418,960,821 |
| 2015 | -3,026,024,546 |
| 2014 | -1,488,253,311 |
| 2013 | -1,530,489,957 |
| 2012 | -334,617,316 |
| 2011 | -527,366,574 |
| 2010 | -1,054,136,270 |
| 2009 | -2,527,417,759 |
| 2008 | -1,251,290,000 |
| 2007 | -1,508,330,000 |
| 2006 | 205,720,000 |
| 2005 | 624,145,917 |
Every indicator for Yemen, Rep. is on the Yemen, Rep. data page.
World Bank, World Development Indicators, indicator BN.CAB.XOKA.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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