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Economy of Germany vs Yemen compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $21.6B for Yemen, ranking 3/197 and 125/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Germany vs Yemen GDP by year

Germany
Yemen
1x
Year GDP, current $
Germany Yemen
2024 $4,685,592,577,805 -
2023 $4,562,207,532,490 -
2022 $4,201,021,706,479 -
2021 $4,355,251,953,411 -
2020 $3,941,398,957,074 -
2019 $3,959,894,794,039 -
2018 $4,055,433,215,302 $21,606,160,663
2017 $3,765,351,626,106 $26,842,229,045
2016 $3,536,787,895,179 $31,317,825,274
2015 $3,425,099,578,746 $42,444,490,074
2014 $3,964,870,735,761 $43,228,585,321
2013 $3,807,023,797,051 $40,415,233,436
2012 $3,596,483,233,406 $35,401,331,610
2011 $3,823,575,803,794 $32,726,417,878
2010 $3,467,093,769,667 $30,906,749,533
2009 $3,478,545,516,684 $25,130,278,213
2008 $3,808,197,720,125 $26,910,855,807
2007 $3,484,056,680,855 $21,650,528,674
2006 $3,046,308,753,671 $19,063,143,370
2005 $2,893,393,187,362 $16,731,566,717
2004 $2,852,317,768,062 $13,867,634,371
2003 $2,534,715,518,349 $11,777,532,662
2002 $2,102,350,798,306 $10,693,430,511
2001 $1,966,381,496,642 $9,852,990,693
2000 $1,966,980,701,145 $9,679,316,770
1999 $2,213,873,468,587 $7,639,325,296
1998 $2,247,760,364,566 $6,322,175,566
1997 $2,218,790,886,533 $6,838,298,531
1996 $2,506,576,553,158 $6,496,163,616
1995 $2,593,053,091,306 $12,796,345,679
1994 $2,215,282,632,277 $28,019,483,764
1993 $2,078,954,217,438 $21,736,802,664
1992 $2,141,377,582,968 $17,959,367,194
1991 $1,875,792,575,133 $14,665,445,462
1990 $1,778,162,195,860 $12,643,821,569
1989 $1,404,092,925,205 -
1988 $1,406,367,016,372 -
1987 $1,302,932,318,825 -
1986 $1,050,092,624,516 -
1985 $735,218,723,093 -
1984 $727,767,760,979 -
1983 $773,507,930,295 -
1982 $779,421,633,755 -
1981 $803,404,797,058 -
1980 $953,772,499,462 -
1979 $884,574,218,333 -
1978 $743,182,891,918 -
1977 $602,698,323,086 -
1976 $521,658,712,133 -
1975 $492,434,094,920 -
1974 $446,934,971,657 -
1973 $399,833,571,167 -
1972 $300,899,944,795 -
1971 $250,900,942,397 -
1970 $216,629,229,947 -
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/yemen | CC BY

GDP per capita in Germany vs Yemen by year

Germany
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 - -
2023 $54,777 $71,684 - -
2022 $50,507 $69,049 - -
2021 $52,349 $62,531 - -
2020 $47,395 $58,686 - -
2019 $47,656 $59,271 - -
2018 $48,916 $56,273 $634 -
2017 $45,554 $54,110 $811 -
2016 $42,949 $51,570 $975 -
2015 $41,930 $48,545 $1,362 -
2014 $48,960 $47,939 $1,430 -
2013 $47,207 $45,889 $1,379 $3,164
2012 $44,718 $44,229 $1,245 $3,005
2011 $47,631 $43,398 $1,186 $3,113
2010 $42,397 $39,726 $1,155 $3,603
2009 $42,472 $37,574 $969 $3,411
2008 $46,379 $38,444 $1,072 $3,370
2007 $42,351 $36,914 $890 $3,294
2006 $36,980 $34,741 $810 $3,205
2005 $35,084 $32,314 $734 $3,113
2004 $34,567 $31,753 $628 $2,949
2003 $30,711 $30,301 $549 $2,844
2002 $25,487 $29,514 $513 $2,768
2001 $23,878 $28,674 $487 $2,702
2000 $23,926 $27,474 $493 $2,624
1999 $26,965 $26,518 $401 $2,492
1998 $27,396 $25,446 $343 $2,442
1997 $27,047 $24,649 $383 $2,351
1996 $30,600 $24,169 $375 $2,268
1995 $31,747 $23,631 $764 $2,201
1994 $27,202 $22,869 $1,735 $2,115
1993 $25,617 $21,900 $1,397 $2,013
1992 $26,560 $21,746 $1,198 $1,963
1991 $23,443 $21,001 $1,016 $1,843
1990 $22,386 $19,468 $910 $1,742
1989 $17,829 - - -
1988 $17,997 - - -
1987 $16,739 - - -
1986 $13,511 - - -
1985 $9,464 - - -
1984 $9,347 - - -
1983 $9,900 - - -
1982 $9,950 - - -
1981 $10,246 - - -
1980 $12,183 - - -
1979 $11,322 - - -
1978 $9,517 - - -
1977 $7,711 - - -
1976 $6,659 - - -
1975 $6,259 - - -
1974 $5,660 - - -
1973 $5,065 - - -
1972 $3,824 - - -
1971 $3,204 - - -
1970 $2,771 - - -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/yemen | CC BY

Germany's GDP per capita is $56,104, ranking 19/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Yemen ranks 178th at $3,164.

Economic indicators

Germany Yemen
Gross domestic product
$4.69T
2024
$21.6B
2018
GDP rank
3/197
2024
125/197
2018
GDP growth
-0.5%
2023-2024
0.75%
2017-2018
GDP per capita
$56,104
2024
$634
2018
GDP per capita rank
19/197
2024
191/197
2018
GDP per capita, PPP
$73,552
2024
$3,164
2013
GDP per capita PPP rank
20/197
2024
178/197
2013
Government debt
$2.97T
2024
$18.8B
2018
Debt-to-GDP ratio
63.5%
2024
70.9%
2024
Government debt per person
$35,606
2024
$551
2018
Government debt per person rank
21/185
2024
165/185
2018
Average annual personal income after taxes
$41,775
2026
$1,127
2026
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
29.4%
2014
Income share by poorest 10%
2.9%
2020
3%
2014
Government expenditure, % of GDP
49.4%
2024
8.91%
2024
Consumer prices inflation
2.26%
2023-2024
33.9%
2023-2024
Unemployment rate
3.37%
2024
13.5%
2014
Population
82575542
43325643

Spending and national debt comparison by year

Germany
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Germany Yemen
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 8.91% 70.9%
2023 48.1% 62.4% 11.8% 77.9%
2022 48.6% 64.4% 12.2% 65.3%
2021 50.7% 68% 8.22% 75.9%
2020 51.1% 68% 10.6% 87%
2019 45.5% 58.7% 13.2% 91.5%
2018 44.7% 60.8% 14.3% 86.9%
2017 44.5% 64% 8.39% 83.8%
2016 44.7% 68.3% 16.1% 76.5%
2015 44.5% 71.2% 19.4% 57.7%
2014 44.5% 74.5% 27.8% 48.9%
2013 45.2% 77.5% 30.8% 48.4%
2012 45.1% 79.8% 36.2% 47.6%
2011 45.3% 78.5% 29.8% 45.7%
2010 48.1% 81% 30.2% 42.4%
2009 48.3% 72.4% 35.2% 49.8%
2008 44.4% 65.2% 41.2% 36.4%
2007 43.5% 63.7% 40.3% 40.4%
2006 45.3% 66.4% 37.4% 40.8%
2005 46.9% 67.1% 36.8% 43.8%
2004 47% 65% 34.2% 52.1%
2003 48.5% 63.3% 35.3% 56.8%
2002 48.2% 59.8% 30.8% 57.8%
2001 47.7% 58.1% 30.5% 60.6%
2000 48.1% 59.2% 31.7% 60.8%
1999 48.5% 60.3% 28.2% 96.1%
1998 48.3% 59.4% 34.3% 110.6%
1997 48.8% 58.8% 34.2% 74.2%
1996 49.6% 57.7% 30.7% 114.9%
1995 55.2% 54.9% 24.1% 84.1%
1994 48.3% 47.5% 25.2% 73.3%
1993 48.3% 45.1% 25.8% 76.7%
1992 47.4% 41.4% 24.6% 78%
1991 46.5% 39% 24.7% 82.7%
1990 44.7% 40.7% 26.6% 91.6%
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

GeoRank.org/economy/germany/yemen | CC BY

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 70.9% in Yemen, ranking 72/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Yemen
1x
Year Deficit/surplus, % of GDP
Germany Yemen
2024 -2.66% -2.48%
2023 -2.49% -5.63%
2022 -1.91% -2.15%
2021 -3.17% -0.89%
2020 -4.38% -4.3%
2019 1.33% -5.89%
2018 1.88% -7.85%
2017 1.34% -4.9%
2016 1.13% -8.51%
2015 0.91% -8.75%
2014 0.73% -4.14%
2013 0.12% -6.9%
2012 -0.05% -6.32%
2011 -0.84% -4.51%
2010 -4.42% -4.06%
2009 -3.18% -10.2%
2008 -0.26% -4.53%
2007 0.15% -7.18%
2006 -1.76% 1.19%
2005 -3.37% -1.82%
2004 -3.42% -2.15%
2003 -3.83% -4.2%
2002 -4.09% -0.56%
2001 -3.12% 2.79%
2000 -1.71% 6.09%
1999 -1.87% 0.06%
1998 -2.65% -7.77%
1997 -3.03% -1.5%
1996 -3.64% -0.92%
1995 -9.44% -5.74%
1994 -2.54% -14%
1993 -3.11% -12.8%
1992 -2.63% -10.9%
1991 -3.21% -5.76%
1990 -1.94% -10.3%
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/germany/yemen | CC BY

In 2018, Germany's government surplus, the difference between spending and revenue, was $76.4B, equivalent to 1.88% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Germany recorded a fiscal deficit in 22 of those years, while Yemen ran a deficit in 25 years. On average, Germany posted an annual deficit equal to 1.99% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Germany

Yemen
1x
Year Consumer prices inflation
Germany Yemen
2024 2.26% 33.9%
2023 5.95% 0.9%
2022 6.87% 29.5%
2021 3.07% 31.5%
2020 0.14% 21.7%
2019 1.45% 15.7%
2018 1.73% 33.6%
2017 1.51% 30.4%
2016 0.49% 21.3%
2015 0.51% 22%
2014 0.91% 8.2%
2013 1.5% 11%
2012 2.01% 9.9%
2011 2.08% 19.5%
2010 1.1% 11.2%
2009 0.31% 3.7%
2008 2.63% 19%
2007 2.3% 7.9%
2006 1.58% 10.8%
2005 1.55% 9.9%
2004 1.67% 12.5%
2003 1.03% 10.8%
2002 1.42% 12.2%
2001 1.98% 11.9%
2000 1.44% 11%
1999 0.59% 7.9%
1998 0.91% 11.5%
1997 1.94% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/yemen | CC BY

Over the past 28 years, Germany has recorded an average annual inflation rate of 1.82%, compared with 15.5% in Yemen. In 2024, inflation was 2.26% in Germany and 33.9% in Yemen.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $36.1M
Chemicals & pharma $30.2M
Raw materials & minerals $10.9M
Miscellaneous $6.95M
Processed food, beverages & tobacco $6.76M
Metals $5.92M
Animal & marine products $5.79M
Textiles & consumer goods $2.77M
Wood & paper products $1.7M
Raw agricultural goods $363K
Yemen
Export category Export value
Machinery & equipment $10.5M
Raw agricultural goods $143K
Metals $125K
Processed food, beverages & tobacco $68K
Textiles & consumer goods $44K
Animal & marine products $42K
Chemicals & pharma $28K

Balance of trade

Germany Yemen
Current account balance
$270B
2024
-$2.42B
2016
Current account balance ranking
2/190
2024
148/190
2016
Current account balance, % of GDP
+5.77%
2024
-7.72%
2016
Goods imports
$1.21T
2024
$6.8B
2016
Goods exports
$1.47T
2024
$473M
2016
Service imports
$548B
2024
$1.46B
2016
Service exports
$470B
2024
$466M
2016
Imports of goods and services, % of GDP
37.7%
2024
47.3%
2018
Exports of goods and services, % of GDP
41.4%
2024
8.76%
2018

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Yemen
Economic freedom 71.7 53.7
Economic freedom ranking 30/197 138/197
Property rights 95.5 3.5
Government integrity 84.5 6.2
Judicial effectiveness 94.6 9.9
Tax burden 60.5 93.7
Government spending 28.8 0
Fiscal health 83.1 71.2
Business freedom 79.8 31.3
Labor freedom 52.2 31.2
Monetary freedom 72.5 48.1
Trade freedom 79.4 67.4
Investment freedom 60 50
Financial freedom 70 30

Economic freedom comparison by year

Germany
Yemen
1x
Year Economic freedom index
Germany Yemen
2026 71.7 -
2025 71.6 -
2024 72.1 -
2023 73.7 -
2022 76.1 -
2021 72.5 -
2020 73.5 -
2019 73.5 -
2018 74.2 -
2017 73.8 -
2016 74.4 -
2015 73.8 53.7
2014 73.4 55.5
2013 72.8 55.9
2012 71 55.3
2011 71.8 54.2
2010 71.1 54.4
2009 70.5 56.9
2008 70.6 53.8
2007 70.8 54.1
2006 70.8 52.6
2005 68.1 53.8
2004 69.5 50.5
2003 69.7 50.3
2002 70.4 48.6
2001 69.5 44.3
2000 65.7 44.5
1999 65.6 43.3
1998 64.3 46.1
1997 67.5 48.4
1996 69.1 49.6
1995 69.8 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/germany/yemen | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Yemen
Services, % of GDP
64%
2024
41.8%
2018
Industry, % of GDP
25.6%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
28.7%
2018
GNI, Atlas method
$4.6T
2024
$25.3B
2018
GNI per capita, PPP
$76,180
2024
$3,020
2013
Total reserves including gold
$378B
2024
$1.25B
2022
Total reserves ranking
10/177
2024
139/177
2022
Net foreign direct investment
$32.6B
2024
$15.4M
2015
Net inflows of foreign direct investment
$47.6B
2024
-$371M
2019
Net outflows of foreign direct investment
$80.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
14.8%
2021
48.6%
2014
Gross capital formation, % of GDP
21.5%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/germany/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2015–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.