Report on economic losses in Yemen during 6 years of devastating war
Government reports and statistics revealed that the economic losses in Yemen for the past six years as a result of the war and siege imposed by the Saudi coalition are estimated at about $190 billion.
It was reported that the most important vital sectors in the country were severely damaged as a result of direct and indirect targeting, which led to a significant deterioration in the state of the national economy and the humanitarian and living conditions.
According to separate government reports, the service, industry, agricultural and oil sectors are the most affected. Statistics indicate that losses in the oil and gas sector alone exceeded $45 billion and caused the loss of about 75% of the state budget tributaries.
Issam Al-Mutawakil, spokesman for the Yemeni Oil Company, said, “What was looted during six years of Yemeni crude oil is a systematic act, while today we are suffering from the biggest humanitarian catastrophe, according to the descriptions of the United Nations.”
The agricultural and fisheries sector seemed most affected by losses of more than 122 billion dollars, while the industrial sector lost about one and a half billion dollars, other service sectors were targeted and disrupted, including the telecommunications, electricity, transportation, water, tourism and health sectors.
These indicators are added to the range of challenges facing the Yemeni economy in light of the figures that say that about 28 million Yemenis lack the basic necessities of life and that 80% need assistance or protection.