Yemen Economic information

Yemen is a country located in the Middle East and is one of the poorest countries in the Middle East. The country's economy is based on agriculture, with the agricultural sector accounting for a large portion of the country's GDP. Yemen's most important agricultural products include coffee, cotton, wheat, corn, figs, grapes and fruits and vegetables. Fishing is also an important industry. The industrial sector of the country is quite weak. Although it has oil and natural gas reserves, its production capacity and infrastructure are insufficient. Therefore, oil and natural gas production and exports are limited. Yemen's economy suffered a serious blow due to the political crisis and civil war that started in 2011. After the war, the country faces economic collapse, unemployment, poverty and food security problems. Oil and natural gas exports have an important place in the country's foreign trade. Yemen's largest trade partners are countries such as China, Thailand, India and Saudi Arabia. The economic situation in Yemen is very bad due to the civil war and political uncertainties. There is a humanitarian crisis; hundreds of thousands of people have had to leave their homes and are in need of humanitarian aid.