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Economy of Yemen vs Zambia compared: GDP & Debt

Updated on by Georank

Yemen has a GDP of $21.6B compared to $28.9B for Zambia, ranking 130/197 and 116/197 by economy size, respectively.

Yemen has $18.8B in government debt (70.9% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Yemen vs Zambia GDP by year

Yemen
Zambia
1x
Year GDP, current $
Yemen Zambia
2025 - $28,879,806,220
2024 - $25,303,185,342
2023 - $27,577,956,471
2022 - $29,163,782,140
2021 - $22,096,416,932
2020 - $18,137,764,931
2019 - $23,308,667,781
2018 $21,606,160,663 $26,311,507,274
2017 $26,842,229,045 $25,873,601,261
2016 $31,317,825,274 $20,958,412,538
2015 $42,444,490,074 $21,251,216,799
2014 $43,228,585,321 $27,141,023,558
2013 $40,415,233,436 $28,037,239,463
2012 $35,401,331,610 $25,503,060,420
2011 $32,726,417,878 $23,459,515,276
2010 $30,906,749,533 $20,265,559,484
2009 $25,130,278,213 $15,328,342,304
2008 $26,910,855,807 $17,910,858,638
2007 $21,650,528,674 $14,056,957,976
2006 $19,063,143,370 $12,756,858,899
2005 $16,731,566,717 $8,331,870,169
2004 $13,867,634,371 $6,221,110,219
2003 $11,777,532,662 $4,901,869,764
2002 $10,693,430,511 $4,193,850,445
2001 $9,852,990,693 $4,094,441,301
2000 $9,679,316,770 $3,600,632,111
1999 $7,639,325,296 $3,404,284,891
1998 $6,322,175,566 $3,537,741,942
1997 $6,838,298,531 $4,303,288,480
1996 $6,496,163,616 $3,597,220,962
1995 $12,796,345,679 $3,806,983,413
1994 $28,019,483,764 $3,656,806,166
1993 $21,736,802,664 $3,273,505,344
1992 $17,959,367,194 $3,182,810,841
1991 $14,665,445,462 $3,376,806,697
1990 $12,643,821,569 $3,288,381,797
1989 - $3,994,673,161
1988 - $3,728,878,149
1987 - $2,265,250,972
1986 - $1,664,413,508
1985 - $2,252,454,500
1984 - $2,719,518,933
1983 - $3,321,048,451
1982 - $3,871,117,093
1981 - $4,008,126,497
1980 - $3,884,530,854
1979 - $3,353,445,378
1978 - $2,811,032,473
1977 - $2,515,296,940
1976 - $2,742,859,263
1975 - $2,442,672,141
1974 - $2,910,981,262
1973 - $2,434,255,237
1972 - $1,872,416,680
1971 - $1,653,259,341
1970 - $1,788,779,285
1969 - $1,926,399,230
1968 - $1,573,739,371
1967 - $1,340,639,464
1966 - $1,238,999,505
1965 - $1,061,199,576
1964 - $822,639,671
1963 - $704,339,719
1962 - $679,279,729
1961 - $682,359,727
1960 - $698,739,721

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Yemen vs Zambia by year

Yemen
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Yemen Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $1,318 -
2024 - - $1,187 $4,215
2023 - - $1,331 $4,077
2022 - - $1,447 $3,841
2021 - - $1,127 $3,503
2020 - - $952 $3,157
2019 - - $1,259 $3,361
2018 $634 - $1,464 $3,442
2017 $811 - $1,483 $3,392
2016 $975 - $1,239 $3,313
2015 $1,362 - $1,296 $3,337
2014 $1,430 - $1,707 $3,441
2013 $1,379 $3,164 $1,821 $3,477
2012 $1,245 $3,005 $1,710 $3,324
2011 $1,186 $3,113 $1,625 $3,228
2010 $1,155 $3,603 $1,451 $3,098
2009 $969 $3,411 $1,136 $2,872
2008 $1,072 $3,370 $1,376 $2,708
2007 $890 $3,294 $1,119 $2,555
2006 $810 $3,205 $1,052 $2,378
2005 $734 $3,113 $711 $2,213
2004 $628 $2,949 $549 $2,068
2003 $549 $2,844 $446 $1,942
2002 $513 $2,768 $394 $1,837
2001 $487 $2,702 $397 $1,785
2000 $493 $2,624 $359 $1,709
1999 $401 $2,492 $350 $1,654
1998 $343 $2,442 $373 $1,601
1997 $383 $2,351 $466 $1,631
1996 $375 $2,268 $400 $1,585
1995 $764 $2,201 $433 $1,501
1994 $1,735 $2,115 $426 $1,464
1993 $1,397 $2,013 $391 $1,607
1992 $1,198 $1,963 $389 $1,505
1991 $1,016 $1,843 $423 $1,534
1990 $910 $1,742 $422 $1,522
1989 - - $526 -
1988 - - $504 -
1987 - - $315 -
1986 - - $238.2 -
1985 - - $332 -
1984 - - $413 -
1983 - - $520 -
1982 - - $627 -
1981 - - $670 -
1980 - - $669 -
1979 - - $595 -
1978 - - $514 -
1977 - - $474 -
1976 - - $533 -
1975 - - $490 -
1974 - - $601 -
1973 - - $518 -
1972 - - $410 -
1971 - - $372 -
1970 - - $414 -
1969 - - $459 -
1968 - - $387 -
1967 - - $341 -
1966 - - $325 -
1965 - - $287.4 -
1964 - - $230 -
1963 - - $203.2 -
1962 - - $202.3 -
1961 - - $209.7 -
1960 - - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Yemen's GDP per capita is $634, ranking 192/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Yemen ranks 178th at $3,164, while Zambia ranks 166th at $4,215.

Economic indicators

Yemen Zambia
Gross domestic product
$21.6B
2018
$28.9B
2025
GDP rank
130/197
2018
116/197
2025
GDP growth
0.75%
2017-2018
3.76%
2024-2025
GDP per capita
$634
2018
$1,318
2025
GDP per capita rank
192/197
2018
170/197
2025
GDP per capita, PPP
$3,164
2013
$4,215
2024
GDP per capita PPP rank
178/197
2013
166/197
2024
Government debt
$18.8B
2018
$24.8B
2025
Debt-to-GDP ratio
70.9%
2024
86%
2025
Government debt per person
$551
2018
$1,133
2025
Government debt per person rank
164/185
2018
140/185
2025
Average annual personal income after taxes
$1,319
2026
$1,538
2026
Market capitalization of domestic companies n/a
$14.9B
2025
Income share by richest 10%
29.4%
2014
39.1%
2022
Income share by poorest 10%
3%
2014
1.5%
2022
Government expenditure, % of GDP
18.2%
2025
29.7%
2025
Consumer prices inflation
8.1%
2013-2014
13.9%
2024-2025
Central bank interest rate n/a
13.3%
2026
Unemployment rate
13.5%
2014
5.67%
2024
Population
43598646
22844606

Spending and national debt comparison by year

Yemen
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Yemen Zambia
Government spending Government debt Government spending Government debt
2025 18.2% - 29.7% 86%
2024 20.3% 70.9% 26.5% 125.2%
2023 24.7% 77.9% 27.4% 129.1%
2022 26.5% 65.3% 28.2% 99.5%
2021 15.6% 75.9% 30.5% 111%
2020 20% 87% 34% 140%
2019 25.1% 91.5% 29.8% 103.3%
2018 26.6% 86.9% 27.7% 81.2%
2017 8.39% 83.8% 25% 66.6%
2016 16.1% 76.5% 23.9% 61.2%
2015 19.4% 57.7% 27.6% 61.9%
2014 27.8% 48.9% 24.3% 33.9%
2013 30.8% 48.4% 24% 25.9%
2012 36.2% 47.6% 21.9% 24.9%
2011 29.8% 45.7% 19.5% 20.8%
2010 30.2% 42.4% 18.1% 18.9%
2009 35.2% 49.8% 17.8% 20.5%
2008 41.2% 36.4% 19.5% 19.2%
2007 40.3% 40.4% 19.9% 21.9%
2006 37.4% 40.8% 19.7% 25%
2005 36.8% 43.8% 22.5% 75.7%
2004 34.2% 52.1% 23.3% 129.9%
2003 35.3% 56.8% 27.3% 159.5%
2002 30.8% 57.8% 27.6% 180.2%
2001 30.5% 60.6% 28% 210.2%
2000 31.7% 60.8% 21.4% 261%
1999 28.2% 96.1% - -
1998 34.3% 110.6% - -
1997 34.2% 74.2% - -
1996 30.7% 114.9% - -
1995 24.1% 84.1% - -
1994 25.2% 73.3% - -
1993 25.8% 76.7% - -
1992 24.6% 78% - -
1991 24.7% 82.7% - -
1990 26.6% 91.6% - -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1990–2024, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Yemen's government spending was $5.74B, accounting for 18.2% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 70.9% in Yemen and 86% in Zambia, ranking 55/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Yemen

Zambia
1x
Year Deficit/surplus, % of GDP
Yemen Zambia
2025 -3.48% -3.83%
2024 0.1% -3.46%
2023 -9.73% -5.48%
2022 -4.09% -7.82%
2021 -1.72% -8.13%
2020 -8.38% -13.8%
2019 -9.07% -9.41%
2018 -13.6% -8.31%
2017 -4.9% -7.5%
2016 -8.51% -5.69%
2015 -8.75% -8.88%
2014 -4.14% -5.43%
2013 -6.9% -6.4%
2012 -6.32% -3.16%
2011 -4.51% -1.78%
2010 -4.06% -2.43%
2009 -10.2% -2.06%
2008 -4.53% -0.67%
2007 -7.18% -1.04%
2006 1.19% 16.9%
2005 -1.82% -2.37%
2004 -2.15% -2.51%
2003 -4.2% -5.31%
2002 -0.56% -4.5%
2001 2.79% -5.89%
2000 6.09% 1.16%
1999 0.06% -
1998 -7.77% -
1997 -1.5% -
1996 -0.92% -
1995 -5.74% -
1994 -14% -
1993 -12.8% -
1992 -10.9% -
1991 -5.76% -
1990 -10.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2017, retrieved 2026-07-08).

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

In 2018, Yemen's government deficit, the difference between spending and revenue, was $2.95B, equivalent to 13.6% of GDP. This compares to Zambia's deficit of $2.19B, or 8.31% of GDP.

Over the past 19 years, Yemen recorded a fiscal deficit in 16 of those years, while Zambia ran a deficit in 17 years. On average, Yemen posted an annual deficit equal to 4.33% of GDP, compared to deficit of 2.94% of GDP for Zambia.

Inflation comparison by year

Inflation
Yemen

Zambia
1x
Year Consumer prices inflation
Yemen Zambia
2025 - 13.9%
2024 - 15%
2023 - 10.9%
2022 - 11%
2021 - 22%
2020 - 15.7%
2019 - 9.2%
2018 - 7.5%
2017 - 6.6%
2016 - 17.9%
2015 - 10.1%
2014 8.1% 7.8%
2013 11% 7%
2012 9.89% 6.6%
2011 19.5% 8.7%
2010 11.2% 8.5%
2009 5.41% 13.4%
2008 19% 12.4%
2007 7.91% 10.7%
2006 10.8% 9%
2005 11.8% 18.3%
2004 12.5% 18%
2003 10.8% 21.4%
2002 12.2% 22.2%
2001 11.9% 21.4%
2000 4.59% 24.1%
1999 8.66% 23.9%
1998 5.98% 22.7%
1997 2.18% 21.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2014, retrieved 2026-07-08).

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

Over the past 18 years, Yemen has recorded an average annual inflation rate of 10.2%, compared with 15.4% in Zambia. In 2014, inflation was 8.1% in Yemen and 13.9% in Zambia.

Balance of trade

Yemen Zambia
Current account balance
-$2.42B
2016
-$1.12B
2024
Current account balance ranking
145/190
2016
121/190
2024
Current account balance, % of GDP
-7.72%
2016
-4.41%
2024
Goods imports
$6.8B
2016
$10.1B
2024
Goods exports
$473M
2016
$11.4B
2024
Service imports
$1.46B
2016
$1.99B
2024
Service exports
$466M
2016
$1.38B
2024
Imports of goods and services, % of GDP
47.3%
2018
27.6%
2024
Exports of goods and services, % of GDP
8.76%
2018
35%
2024

Economic freedom indices

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

Yemen Zambia
Economic freedom 53.7 51.9
Economic freedom ranking 138/197 152/197
Property rights 3.5 43.9
Government integrity 6.2 39.3
Judicial effectiveness 9.9 45
Tax burden 93.7 74.3
Government spending 0 78.1
Fiscal health 71.2 30.9
Business freedom 31.3 53.4
Labor freedom 31.2 48.8
Monetary freedom 48.1 66.6
Trade freedom 67.4 62.8
Investment freedom 50 40
Financial freedom 30 40

Economic freedom comparison by year

Yemen
Zambia
1x
Year Economic freedom index
Yemen Zambia
2026 - 51.9
2025 - 50.9
2024 - 48.4
2023 - 47.8
2022 - 48.7
2021 - 50.4
2020 - 53.5
2019 - 53.6
2018 - 54.3
2017 - 55.8
2016 - 58.8
2015 53.7 58.7
2014 55.5 60.4
2013 55.9 58.7
2012 55.3 58.3
2011 54.2 59.7
2010 54.4 58
2009 56.9 56.6
2008 53.8 56.2
2007 54.1 56.2
2006 52.6 56.8
2005 53.8 55
2004 50.5 54.9
2003 50.3 55.3
2002 48.6 59.6
2001 44.3 59.5
2000 44.5 62.8
1999 43.3 64.2
1998 46.1 62.7
1997 48.4 62.1
1996 49.6 59.6
1995 49.8 55.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Yemen is 53.7, ranking 138/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Yemen Zambia
Services, % of GDP
41.8%
2018
57%
2025
Industry, % of GDP
25.4%
2018
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
28.7%
2018
4.11%
2025
GNI, Atlas method
$25.3B
2018
$26.2B
2025
GNI per capita, PPP
$3,020
2013
$3,990
2025
Total reserves including gold
$1.25B
2022
$4.09B
2024
Total reserves ranking
139/177
2022
111/177
2024
Net foreign direct investment
$15.4M
2015
-$2.05B
2024
Net inflows of foreign direct investment
-$371M
2019
$2.36B
2024
Net outflows of foreign direct investment
$0
2024
$311M
2024
Servicing debt to the IMF, % of GNI
0.53%
2018
17.3%
2024
Poverty at national poverty lines
48.6%
2014
60%
2022
Gross capital formation, % of GDP
6.18%
2018
23.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2024, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.