Yemen’s economic losses exceed $458 billion over 11 years of war, blockade

SANAA, April 19 (YPA) – The Ministry of Economy, Industry, and Investment in Sanaa held a press conference reviewing the losses of Yemen’s economic sectors over 11 years, which have exceeded $458.4 billion.

The Acting Minister, Sam Al-Bashiri, explained that the “aggression and blockade” by the Saudi-led coalition targeted various economic sectors, leading to the destruction of infrastructure, the stalling of projects, and the shutdown of production facilities.

This has resulted in the layoff of approximately 60% of workers and pushed the unemployment rate up to 65%, Al-Bashiri added.

He noted that the losses were distributed across several sectors, most notably:

• Agriculture, Livestock, and Fisheries: $111.2 billion
• Foreign Trade: $111.13 billion
• Industrial Sector: $81.5 billion
• Oil Sector: $57 billion
• Additional losses in transport, electricity, water, and tourism.

Furthermore, Al-Bashiri clarified that the losses to the State Treasury amounted to approximately $30 billion.

YPA