Yemenis have been living in fragile economic conditions for decades, which exacerbated unprecedentedly during the ongoing conflicts in Yemen. The cumulative contraction in real GDP was estimated at about 47.1% over the past three years(1). Without achieving rapid, just and sustainable peace and neutralizing the economy from war, the cumulative losses in real GDP are likely to increase to $49.9 billion (without physical losses) by the end of 2018(1).
Key report highlights:
Globally: The FAO Food Price Index* (FFPI) averaged 173.5 points in April 2018, nearly unchanged from March but up 2.7 percent from the corresponding period last year. The FAO Cereal Price Index averaged 168.5 points in April, 1.7 percent (2.8 points) higher than in March and some 15.4 percent above its value in April 2017. The benchmark US wheat (No.2 Hard Red Winter, f.o.b.) averaging USD 246 per ton, 12 percent higher than three months earlier and 24 percent up from March 2017. (FPMA - FAO April. 2017)