I got these from the latest copy of the Yemen Times, I have no idea how accurate they are.
Average income $400 a year
30 something percent unemployment
40% live below the poverty line, I have no idea how they calculate that.
Bottom line, this economy is terrible, and it shows. One of the big problems is that the government does not allow foreign capital investment except for case by case exceptions. For example, I am unable to buy property here, for any purpose. That would really make it difficult to start a business, or make me want to move here (ha!). If you ask the locals what is wrong with the country, a common answer is that Yemeni’s are just lazy. There’s certainly a lot of anecdotal evidence of that, but I wonder what causes it? I do think that this place has a screwed up enough economy that you can’t point to just one thing. Corruption, restrictive trade laws, and government interference in starting businesses are all here, but when you mix them, you get an economy like Yemen’s! I wonder how long this will go on before something really big happens politically, good, bad, or status quo. There are still remnants of a socialist party here. Until 1994, Yemen was divided between the socialist south Yemen and the more capitalistic north. They unified in 1994, but nothing ha gotten better.