Yemen: Economic Situation

Department for International Development written question – answered on 21st May 2019.

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Photo of Keith Vaz Keith Vaz Labour, Leicester East

To ask the Secretary of State for International Development, what estimate she has made of the amount of economic activity lost to Yemen as a result of aerial bombing in that country since the Stockholm peace agreements were signed in December 2018.

Photo of Andrew Murrison Andrew Murrison Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The IMF estimates that Yemen’s economy has contracted by around 50% since the conflict began in 2015, with GDP per capita down from $1,570 in 2014 to $873 in 2018.

Both the formal and informal economies have collapsed as a result of conflict lines preventing the movements of goods and people, infrastructure damage including to factories and roads, lack of electricity and clean water and a population beset by lack of food and disease.

We are not aware of any data this year on the loss of economic activity as a result of aerial bombing.

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