Yemen, Rep.'s current account balance (% of GDP) was -7.72% in 2016, the latest year in the World Bank's World Development Indicators. That is down 8.8 percentage points from 1.08% in 2006.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -7.72% | 2016 |
| Five years earlier | -1.61% | 2011 |
| Ten years earlier | 1.08% | 2006 |
| Highest | 3.73% | 2005 |
| Lowest | -10.06% | 2009 |
| Average since 2007 | -4.97% | 2007–2016 |
| First recorded | 3.73% | 2005 |
What the numbers say
In 2016, Yemen, Rep.'s current account balance (% of GDP) fell 0.59 percentage points on 2015 (from -7.13% to -7.72%).
Across the 10 yearly changes before that (2006 to 2015), the average change was −1.09 percentage points and a typical year strayed about 4.27 percentage points from that (the standard deviation). This year's change was 0.1 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 6.65 percentage points in 2010 and the biggest yearly fall was 8.05 percentage points 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 less than 1% 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.
Closest to Yemen, Rep. in the 2016 ranking
- French Polynesia — 1st of 3: 7.49%
- New Caledonia — 2nd of 3: -7.5%
What this measures
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 12 values
| Year | Current account balance (% of GDP) |
|---|---|
| 2016 | -7.72 |
| 2015 | -7.13 |
| 2014 | -3.44 |
| 2013 | -3.79 |
| 2012 | -0.9452 |
| 2011 | -1.61 |
| 2010 | -3.41 |
| 2009 | -10.06 |
| 2008 | -4.65 |
| 2007 | -6.97 |
| 2006 |
Current account balance (% of GDP) in nearby economies
More economic policy & debt data for Yemen, Rep.
- Grants, excluding technical cooperation (BoP, current US$) — US$4.05 billion (2023)
- Technical cooperation grants (BoP, current US$) — US$198.89 million (2023)
- Net bilateral aid flows from DAC donors, United Kingdom (current US$) — US$122.16 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$1.82 billion (2023)
- Net official development assistance and official aid received (current US$) — US$4.15 billion (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$4.15 billion (2023)
- Net official development assistance received (current US$) — US$4.15 billion (2023)
- Net official development assistance received (constant 2023 US$)
Reading data like this
Questions people ask
- What is Yemen, Rep.'s current account balance (% of GDP)?
- -7.72% in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 11.45 percentage points from 3.73% in 2005. The highest value was 3.73% in 2005 and the lowest -10.06% in 2009.
- Is the latest change in current account balance (% of GDP) unusual for Yemen, Rep.?
- In 2016, Yemen, Rep.'s current account balance (% of GDP) fell 0.59 percentage points on 2015 (from -7.13% to -7.72%). Across the 10 yearly changes before that (2006 to 2015), the average change was −1.09 percentage points and a typical year strayed about 4.27 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator BN.CAB.XOKA.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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