Our online market research reports store includes a large number of publications covering Yemen. Use the search box to find the research study that will meet all your needs, be they an industry analysis, a company review, a market development forecast, etc.
Yemen is a Middle Eastern country located on the Arabian Peninsula. It is actually the second largest country on the Peninsula. Despite being one of the oldest countries in the Middle East, it is a country undergoing tremendous change - with the Revolution of 2011 causing a widespread political change in the country and beginning to transfer it to a more modern, democratic nation.
There have been settlements in Yemen as far back as 5000 BC and there have been records of settlements and cities throughout history since that time. It has at times been part of various empires, including the Roman Empire, but the local people have generally held their identity for thousands of years. It was also a member of the Ottoman Empire and the British Empire, but since 1990 the country of Yemen has finally been recognized as one singular place after the unification. So while the literal country of Yemen is relatively new, the real Yemen is thousands of years old.
The Current Economic Makeup of Yemen
Yemen is currently one of the poorest states in the world. Technically, only 35% of people are in formal employment, although this is mostly because many people live in rural areas and work on family farms etc, so they wouldn't be counted.
In terms of government income and taxation, oil is one of the largest industries in the country, and the government receives the bulk of its income through oil taxation. However it is not as oil-rich as some surrounding nations, and by 2017 its oil reserves are likely to run out.
The hope for the future is for natural gas, which is an exploding industry in the country since the discovery of large quantities of reserves. The first natural gas plants will begin operating shortly and could significantly boost economic activity.
The largest single industry in the state is agriculture, with 20% of GDP being generated through it, and it employs more than half of the population.
The various industries in the industrial sector make up around 47% of the nation’s GDP – this includes manufacturing and production of goods, including the oil.
Despite these levels of GDP from the agriculture and industrial sectors the level of employment is actually the other way round. While only 20% of GDP is produced by agriculture, it employs over 50% of the workforce, and while 47% of GDP is made by the industrial sector, it employs less than a quarter of the workforce.
The tourism industry in Yemen is almost non-existent, in 2003 just 217,000 tourists visited the country and that has dropped further with advisories against visiting being issued by both the US and UK governments and the effect the revolution had on tourism levels. The country has very little infrastructure for tourists too, so it seems unlikely that those numbers will grow any time soon.
While the economy is currently struggling, it is likely that with a new constitution and new government, the state will become a great place to invest and do business over the coming years, as its economy grows.
Market research reports and industry analysis enable to get an idea of the current state of play in the country as well as help to make better investment decisions.
Depending on what industry one is looking to invest in, there is a huge range of different reports available. Whether one needs to get a comprehensive picture of the oil industry, telecoms industry and more, as well as obtain more general information on the country, etc., there are industry analysis reports to help. Reports include detailed market overviews and advice, vital for anyone looking to make informed decisions when doing business in Yemen.