RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/YEM/18/Add.2 
30 July 2007 
 (07-3242) 
Working Party on the 
Accession of Yemen Original:   English 
 
  
ACCESSION OF YEMEN 
 
Additional Questions and Replies
 
 
Addendum  
 
Statistical Annex 
 
 
 The following submission, dated 25 July 2007, is being circulated at the request of the Delegation of the Republic of Yemen. 
 
 
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  WT/ACC/YEM/18/Add.2 
Page 2 Table 1:  Financial and Monetary Indications 2001 - 2005  
 
2005 2004 2003 2002 2001 Item 
A.  Percentage of Total State Expenditure: 
96.7 94.0 88.3 97.6 107.6 1. State Revenues 
72.3 70.2 66.8 74.3 75.5 2. Current Expenditures 
23.5 25.5 25.7 31.8 31.0 2.1 Salaries and Wages 
7.8 9.3 9.5 11.0 11.4 2.2  Goods and Services Expenditure 
38.1 32.6 28.4 27.9 30.1 2.3  Current Transfers and Loan Interests 
21.4 23.7 26.7 18.8 15.8 3.  Investment and Capital Expenditures 
5.9 6.1 4.8 5.8 6.4 4. Public Debt Interest Paym ents (Internal and External) 
-5.8 -6.2 -11.7 -3.4 7.6 5. Budget Deficit 
-2.2 -2.3 -2.4 -2.7 -3.9 6. External Debt Obligations 
14.9 16.6 17.3 20.7 19.5 7. Education Allocations 
3.8 5.2 4.8 4.0 4.2 8. Health Allocations 
1.8 1.4 1.2 1.5 1.6 9. Agriculture Allocations 
B. Percentage of Total State Government Revenues: 
103.5 106.4 113.2 102.5 92.9 1. Total Expenditures 
74.8 74.6 75.7 76.1 70.2 1.1 Current Expenditures 
24.3 27.1 29.1 32.5 28.8 1.1.1 Wages and Salaries 
8.1 9.8 10.7 11.2 10.6 1.1.2  Goods and Services Expenditure 
39.5 34.6 32.1 28.6 28.0 1.1.3  Current Transfers and Loan Interest 
6.1 6.5 5.5 6.0 5.9 2. Public Debt Interest Paym ents (Internal and External) 
22.2 25.2 19.7 14.7 14.7 3.  Investment and Capital Expenditure 
-6.0 -5.6 -13.2 -2.5 7.1 4. Budget Deficit 
-2.1 -2.4 -2.2 -2.7 -2.8 5. External Debt Obligations 
C. Percentage of GDP: 
36.7 34.7 36.0 31.6 31.4 1. Total State Expenditures 
35.5 32.6 31.9 30.9 33.8 2. Total State Government Revenues 
-1.2 -2.0 -4.1 -0.8 2.4 3. Budget Deficit 
2.9 2.6 -1.5 -0.7 0.8 4. Net Exports of Goods and Services 
38.1 33.7 36.4 37.0 35.9 5. Exports Goods and Services 
-24.6 -27.8 -37.9 -37.8 -35.0 6. Imports Goods and Services 
-0.9 -0.8 -0.8 -0.8 -0.9 7. Debt Obligations (External) 
32.7 35.8 36.9 35.4 33.9 8. Money Supply 
D. Ratio of External Debt Obligations: 
-2.4 -2.1 -3.2 -3.2 -3.4  Exports of Goods and Services 
2.8 3.9 9.3 -10.5 -9.1 E-NET Percentage of Government. Loans from the Banking System to the Total 
Money Supply  
   WT/ACC/YEM/18/Add.2
 Page 3Table 2:  Budget Survey for 2001 – 2005 (in Million Yemeni rials)  
 
Item 2001 2002 2003 2004 2005 
First Public Revenues: 
A.  Total Revenues (Including Aid and Grants) 553,084 567,672 672,293 820,564 1,107,989 
B.  Total Revenues (Excluding Aid and Gran ts) 546,763 559,971 663,958 801,883 1,107,989 
1.1  Current Revenues 546,255 559,824 662,808 801,579 1,105,244 
  a. Tax Revenues 121,976 137,987 152,918 186,539 215,720 
  - Direct Taxes 50,648 62,047 67,733 78,150 95,663 
   - Indirect Taxes 71,328 75,940 85,185 108,389 120,057 
  b. Non-Tax Revenues 424,279 421,837 509,890 615,040 889,524 
1.2  Capital Revenues 508 147 1,150 304 2,745 
  a. Sales of Fixed Capital Assets 112 96 1,128 160 2,596 
  b. Sales of Stocks  0 0 0 0 3 
  c. Sales of Land and Invisible Assets 396 51 22 144 146 
  d. Capital Trans from non-Government Sources 0 0 0 0 0 
1.3  Grants and Aid 6,321 7,701 8,335 18,681 0 
  a. External Current Grants 0 2,556 0 0 0 
  b. External Capital Grants 6,321 5,145 8,335 18,681 0 
Second Expenditures: 
Total Expenditures and (Net Loans) 50 6,761 576,792 762,766 875,623 1,158,907 
2.1  Total Current Expenditure 394,249 441,379 526,351 624,562 863,932 
2.1.1  Current Expenditure 384,323 430,115 512,650 607,332 845,378 
  a. Salaries and Wages 161,826 188,552 201,887 226,986 280,944 
  b. Goods and Service 59,648 65,018 74,739 82,374 93,287 
  c. Maintenance 5,710 10,830 12,125 8,076 15,497 
  d. Current Transferring Expenditures and interest of Public Debt 157,139 165,715 223,899 289,896 455,650 
1.  Public Debt Interests 33,271 34,675 37,959 53,976 70,723 
  - Internal 26,799 26,172 30,465 44,855 60,094 
  - External 6,472 8,503 7,494 9,121 10,629 
2.  Central Current Subsidies 62,709 56,970 110,572 152,365 286,000 
3.  Current Transfers 61,159 74,070 75,368 83,555 98,927 
2.1.2  Unclassified Current Expenditure  9,926 11,264 13,701 17,230 18,554 
2.2  Investment and Capital Expenditure  82,742 111,549 198,430 210,558 237,250 
  a. Fixed and Tangible Capital Assets 63,557 69,772 155,672 176,938 232,923 
  b. Goods and Stores 0 0 0 0 0 
  c. Land and Intangible Assets 2,840 2,022 2,705 1,919 3,594 
  d. Capital Transfers  134 132 119 394 733 
  e. Non Classified Capital Expenditure  16,211 39,623 39,934 31,307 0  
  WT/ACC/YEM/18/Add.2 
Page 4 Item 2001 2002 2003 2004 2005 
Third Net of Loans: 29,770 23,864 37,985 40,503 57,725 
3.1  Government Lending and Equity in the Capital share 29,770 25,177 38,273 40,622 57,733 
3.2  Receipts of Loan Principles  0 1,313 288 119 8 
Fourth Net of  External Debt Commitment: -6,611 -5,165 1,655 3,663 13,059 
4.1  Net of External Debt Commitment -6,611 -5,165 1,655 3,663 13,059 
  a. External Debt Commitment 8,995 10,668 15,634 16,083 30,570 
  b. External Debt Repayment 15,606 15,833 13,979 12,420 17,511 
4.2  Net of Local Debt Commitment 0 0 0 0 0 
  a. Local Debt Commitment 0 0 0 0 0 
  b. Local Debt Repayment 0 0 0 0 0 
Fifth Budget Deficit/Surplus: 
5.1  Deficit/ Surplus (overall) 46,323 -9,120 -90,473 -55,059 -50,918 
5.2  Deficit/ Surplus (net) 39,712  -14,285 -88,818 -51,396 -37,859 
Sixth Deficit Financing: 
6.1  External Financing (overall) -6,611 -5,165 1,655 3,663 13,059 
6.2  Local Financing (net) -39,712 14,285 88,818 51,396 37,859  
   WT/ACC/YEM/18/Add.2
 Page 5Table 3:  Balance of Payments 2001-2005  
 
Years 
2005* 2004 2003 2002 2001 Items 
122,511.3 41,541.0 32,172.0 77,870.7 112,028.2 I. Current Account 
326,987.6 151,115.1 67,254.1 105,584.2 128,140.7 1. Trade Balance 
1,228,775.6 864,079.1 719,810.3 647,339.2 567,330.0  - Exports 
1,140,566.3 795,234.4 634,500.7 548,318.8 490,056.0  - Crude Oil 
597,302.0 417,507.9 335,446.8 280,995.5 267,441.1  Government Share 
543,264.3 377,726.5 299,053.9 271,588.6 222,614.8  Oil Companies Share 
-901,788.0 -712,964.0 -652,556.2 -541,755.0 -439,189.3  - Imports 
-164,487.5 -127,443.5 -99,798.7 -119,495.1 -114,425.0 2. Services Balance 
82,258.4 68,302.7 67,385.4 47,791.7 28,675.8  Credit 
-246,745.9 -195,746.2 -167,184.1 -167,286.8 -143,100.8  Debit 
-104,675.1 -83,148.7 -76,305.3 -59,959.3 -55,581.5  Transportation 
2,745.2 2,451.9 11,347.7 4,844.6 -6,851.4  Travel 
7,886.5 7,612.7 7,591.9 6,366.3 6,782.5  Communication 
-20,648.1 -19,918.0 -19,793.3 -5,267.1 -6,524.1  Construction 
-20,511.6 -16,216.7 -14,842.7 -12,322.5 -9,989.6  Insurance 
-32,857.0 -20,548.4 -9,026.8 -50,552.8 -39,484.2  Other Business Services 
5,486.7 4,171.4 3,114.6 -2,604.2 -2,776.8  Government Services, N.I.E. 
-309,135.4 -248,867.2 -188,362.2 -143,702.2 -116,514.7 3. Income Balance 
34,176.7 19,147.9 17,283.4 21,046.6 30,082.1  Credit 
-343,312.1 -268,015.1 -205,645.6 -164,748.8 -146,596.8  Debit 
-307,152.7 -238,340.0 -180,698.8 -154,143.5 -134,855.4  Direct Investment Income 
11,876.1 2,850.5 5,589.9 10,441.3 18,340.6  Portfolio and Other Investment Income 
269,146.6 266,736.6 253,078.8 235,483.8 214,827.2 4. Current Transfers Balance 
279,42.2 275,868.2 266,839.3 256,017.5 226,814.7  Credit 
-10,095.6 -9,131.6 -13,760.5 -20,533.7 -11,987.5  Debit 
29,519.5 31,616.5 27,349.4 26,174.2 7,102.8  General Government 
239,627.1 235,120.1 225,729.4 209,309.7 207,724.4  Other Sectors 
  
  WT/ACC/YEM/18/Add.2 
Page 6 Table 4:  Money Supply (in Million Yemeni rials)  
 
 Money Quasi Money Factors Affecting Money Supply 
End of 
Period Currency 
Outside 
Banks Demand 
Deposits Total Time 
Deposit Saving 
Deposit Foreign 
Currencies 
Deposits Earmarked 
Deposits Total Money 
Supply Foreign 
Assets (Net) Claims on 
Government 
(Net) Claims on 
Private 
Sector Other (Net) 
1991 45,161.1 15,707.2 60,868.3 6,671.7 5,976.9 4,038.1 1,785.6 18,472.3 79,340.6 6,029.5 71,809.4 14,410.3 -12,909.0 
1992 55,530.5 20,248.8 75,779.3 7,477.0 6,615.5 5,978.9 1,328.8 21,400.2 97,179.5 3,416.0 89,836.1 15,274.5 -11,347.0 
1993 79,019.0 24,337.6 103,356.6 9,167.8 6,999.4 6,230.9 1,240.2 23,638.3 126,994.9 2,056.7 118,076.0 18,675.4 -11,813.7 
1994 111,005.6 28,703.2 139,708.8 11,982.8 7,653.2 6,614.2 1,210.3 27,460.5 167,169.3 3,603.4 160,764.7 20,140.4 -17,339.2 
1995 129,114.2 35,021.1 164,135.3 17,220.5 9,332.6 55,599.5 1,977.0 84,129.6 248,264.9 38,899.2 182,502.6 37,460.0 -10,596.9 
1996 120,477.0 36,221.0 156,698.0 30,570.1 14,747.1 63,874.8 3,661.3 112,853.3 269,551.3 103,343.5 187,310.1 24,604.5 -45,706.9  
1997 126,903.7 39,480.3 166,384.0 33,932.3 18,122.4 76,410.2 3,539.6 132,004.5 298,388.5 145,176.5 164,156.4 39,593.7 -50,538.1  
1998 139,668.4 40,258.8 179,927.2 33,041.1 20,705.3 95,992.1 3,684.2 153,422.7 333,349.9 112,532.3 219,767.8 55,629.8 -54,580.0  
1999 166,923.7 40,272.8 207,196.5 30,563.9 25,681.2 111,667.6 4,185.0 172,097.7 379,294.2 200,028.6 173,467.9 63,969.5 -58,171. 8 
2000 197,122.5 50,125.9 247,248.4 41,781.5 34,651.8 146,151.1 4,692.3 227,276.7 474,525.1 487,313.3 1,331.4 76,220.9 -90,340.5 
2001 212,794.8 69,888.6 282,683.4 50,319.9 40,952.1 184,030.3 5,063.8 280,366.1 563,049.5 652,083.1 -49,654.3 95,991.5 -135,370 .8 
2002 239,329.3 67,120.2 306,449.5 78,491.5 51,581.5 219,108.4 9,033.5 358,214.9 664,664.4 838,249.3 -119,448.8 110,014.6 -164,1 50.7 
2003 268,812.5 78,652.9 347,465.4 106,947.2 59,572.5 270,477.7 12,909.0 449,906.4 797,371.8 971,494.3 -45,626.8 138,855.9 -267, 351.6 
2004 297,938.8 92,602.4 390,541.2 148,234.4 72,775.3 287,229.8 18,494.6 526,734.1 917,275.3 1,117,602.5 -64,839.3 185,553.8 -32 1,041.7 
2005* 330,619.5 111,844.1 442,463.6 151,588.6 78,634.0 355,514.0 21,308.6 607,045.0 1,049,508.8 1,271,389.6 -92,715.4 225,826.5  -354,991.9 
* Preliminary Estimate 
 
 
Table 5:  Trade Balance for the Years 1995 – 2005 (Value in Million Yemeni rials)  
 
Years Trade Balance Re-Exports Exports Imports 
1995 14,843,209 4,648,754 74,785,104 64,590,649 
1996 59,967,357 25,869,203 225,960,484 191,862,330 
1997 63,384,755 25,571,438 298,144,458 260,331,141 
1998 -91,029,455 24,362,461 179,117,833 294,509,749 
1999 67,260,781 28,385,225 351,624,962 312,749,406 
2000 283,826,087 45,671,897 613,937,112 375,782,922 
2001 153,108,461 47,378,463 521,629,032 415,899,034 
2002 72,920,351 45,213,867 540,732,149 513,025,665 
2003 10,779,423 25,431,277 659,476,436 674,128,291 
2004 17,062,892 21,814,941 731,781,051 736,533,100 
2005 142,950,219 33,891,562  1,040,657,905 931,599,248 
 
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