Source: world bank Nominal/PPP
Summary:
Yemen GDP Per Capita contracted from 1990 to 2018, increasing from $910.42 to $633.89 .The compound annual growth rate (CAGR) averaged -1.28% over the period. The economy recorded its peak level in 1994 and its lowest level in 1998. Growth volatility remained high. The maximum drawdown reached 80.25%, indicating the largest cyclical decline from peak levels. The country experienced 5 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
- Expansion (2011–2012) indicating steady moderate growth
- Crisis (2016–2018) indicating severe economic downturn
The most remarkable growth occurred in 1994 with an increase of 24.232%, while the largest decline was in 1995 at -55.943%.