three equal horizontal bands of red (top), white, and black; similar to the flag of Syria, which has two green stars in the white band, and of Iraq, which has an Arabic inscription centered in the white band; also similar to the flag of Egypt, which has a heraldic eagle centered in the white band
Economy
Yemen
Economy - overview:
Yemen, one of the poorest countries in the Arab world, reported average annual growth in the range of 3-4% from 2000 through 2007. Its economic fortunes depend mostly on declining oil resources, but the country is trying to diversify its earnings. In 2006 Yemen began an economic reform program designed to bolster non-oil sectors of the economy and foreign investment. As a result of the program, international donors pledged about $5 billion for development projects. In addition, Yemen has made some progress on reforms over the last year that will likely encourage foreign investment. Oil revenues probably increased in 2007 as a result of higher prices.
GDP (purchasing power parity):
$56.24 billion (2007 est.)
GDP (official exchange rate):
$21.66 billion (2007 est.)
GDP - real growth rate:
2.8% (2007 est.)