FINANCIAL NEWS

Yemeni economy to grow 7.8% in 2010: IMF

11 Jul 2010

(MENAFN) International Monetary Fund (IMF) has forecasted that the real gross domestic product (GDP) in Yemen will register a growth of 7.8 percent in 2010, Yemen?s SABA news agency reported.

According to the Regional Economic Outlook, Middle East and Central Asia report issued by the IMF in May, the real GDP growth in Yemen will fall in 2011 to 3.8 percent in 2011 compared to 3.9 percent in 2009.

The Purchasing Power Parity (PPP) valuation of Yemen GDP amounted in 2009 to $23.7 billion, while the Yemeni GDP per capita reached $1,061 in the same year, according to the report.

The IMF also said that the Consumer Price Inflation will rise to 9.3 percent in 2010 and then decrease to 8.4 percent in 2011 compared with 3.7 percent in 2009.

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