National Debt (% of GDP): Yemen

Analysis# Yemen National Debt (% of GDP) Yemen's national debt stands at 68.5% of GDP in 2026, representing a significant decline from its all-time peak of 96.1% in 1999. The country has reduced its debt burden by 28.7 percentage points over this 27-year span, though current levels remain elevated compared to the all-time low of 36.4% recorded in 2008. The long-term trajectory shows improvement from the unsustainable debt levels of the late 1990s and early 2000s. Recent years reveal substantial volatility and a notable recovery pattern. Debt spiked to 91.5% of GDP in 2019 before declining sharply to 65.3% by 2022, reflecting major fiscal adjustments. The 2026 projection of 68.5% suggests stabilization following this recovery phase. While Yemen's debt-to-GDP ratio remains above historical lows, the downward momentum from 2022 onward indicates improving fiscal conditions, though geopolitical challenges and economic instability continue to shape Yemen's debt dynamics.