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Impact of falling remittances amid COVID-19 on Yemen’s war-torn economy

Even before the COVID-19 pandemic battered economies across the world, Yemen had already experienced a half decade of civil war, resulting in a loss of approximately 45 percent of its real GDP by the end of 2019, according to the Yemeni Ministry of Planning. As the conflict continued, remittances fr...

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Autores principales: Elsabbagh, Dalia, Kurdi, Sikandra, Wiebelt, Manfred
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2022
Materias:
value chains
agricultural products
policies
covid-19
health
employment
social protection
modelling
household income
nutrition
food security
gross national product
poverty
Acceso en línea:https://hdl.handle.net/10568/141261
Sumario:Even before the COVID-19 pandemic battered economies across the world, Yemen had already experienced a half decade of civil war, resulting in a loss of approximately 45 percent of its real GDP by the end of 2019, according to the Yemeni Ministry of Planning. As the conflict continued, remittances from Yemenis working outside the country kept many households afloat and became an increasingly important source of income, estimated at $3.77 billion in 2019 — around 13 percent of GDP.

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