Purchasing Power Parity (PPP) in Yemen 2024

The International Monetary Fund (IMF) recorded Yemen's Purchasing Power Parity (PPP) GDP in 2024 as 501.98 Units. This data shows a significant increase compared to the previous year. This increase is supported by annual GDP growth of 30.87%.

Over the past three years (2022-2024), Yemen's PPP GDP has seen substantial growth. From 388.45 Units in 2022, it dropped slightly to 383.56 Units in 2023, and then reached 501.98 Units in 2024. This growth contrasts with the fluctuations observed in previous periods.

The unit values presented in this article are the result of IMF calculations of the nominal GDP value of Yemen's national currency against the international dollar. In its publication, the IMF states that this calculation is used for the purpose of compiling a composite group of countries. The resulting data is not presented as the primary source for Purchasing Power Parity (PPP) data.

Compared to the average of the last five years (2019-2023), Yemen's PPP GDP growth in 2024 shows better performance. The average growth over the last five years was approximately 16.28%, while growth in 2024 reached 30.87%.

The highest increase in the period 2015-2024 occurred in 2024 with growth of 30.87%, while the largest decrease occurred in 2023, experiencing a contraction of 1.26%. This anomalous decrease in 2023 is quite significant considering the generally upward trend, albeit not significant, over the past 10 years.

Regionally, Yemen remains ranked 4th in terms of PPP GDP among Middle Eastern countries. This ranking has not changed from previous years, despite a significant increase in the value of PPP GDP.

The IMF projects that Yemen's PPP GDP will continue to increase until 2030. In 2025, it is projected to reach 588.94 Units and continue to increase to 1034.41 Units by 2030. This projected growth indicates an improvement in Yemen's economic conditions in the long term.

Compared to other countries in the data, Yemen has the lowest PPP GDP value at 501.98 Units, with PPP GDP growth of 30.87%. Yemen is ranked last among the countries compared.