According to the same study, the decline in the total actual public revenues of the state amounted to 71%, to exceed the losses of the state budget in the four years of $ 40 billion, bearing in mind that the outcomes of the national economy from foreign exchange, during the same period, decreased from about $ 18.6 billion to 8 Billions in 2019, at 57%. Hajar notes that the national economy needs more than ten years to rehabilitate it to what it was before 2010. While the Ministry of Planning and International Cooperation estimated GDP losses at $ 71 billion during the past four years, observers expect high rates of losses in light of the continuing war and blockade . The Ministry of Planning in Sana’a had estimated the opportunity cost in gross domestic product at constant prices for 2010 at 49.8 billion between 2015 and 2019.
The economy needs more than ten years to qualify as it was before 2010
In parallel, the “Saudi-Emirati alliance” and the Hadi government tended to dry up the sources of national income from all revenues, and to close the various financial channels flowing to the “Central”, which feeds public spending. The “Alliance” enabled the Hadi government to rob public revenues in the southern and eastern governorates that represented 75% of the country’s revenues, and to tamper with the functions of the “Central” after transferring it from Sana’a to Aden, starting by printing 1.7 trillion riyals without cash cover, as well as floating the riyal In front of foreign currencies with the intention of speculating and manipulating the currency in the market. The damage also affected the oil sector, which is the main engine of the country’s economy, and its revenues represented 70% of the public budget resources before the war, 63% of Yemeni exports to international markets, and 30% of GDP. According to the latest estimates of the Ministry of Oil in Sana’a, the losses amounted to 26 billion dollars and 56 billion Yemeni riyals, representing the losses of the oil sectors of the ministry and its subsidiaries and minerals.
As for the statistics of the “Fisheries Commission” in Al Hudaydah, they talk about more than $ 5.6 billion in losses to the fisheries sector in the infrastructure of this sector. The study of the overall economic developments funded by UNICEF, late last year, confirms that the construction sector, the fourth largest sector in the country and contributed 6% of the real GDP from 2011 to 2014, contracted due to the war by 59.2%, and was estimated His losses are $ 2.5 million. Likewise, the movement of the wholesale and retail sector, which represents 17% of the output, decreased by 47%, and its direct losses were estimated at 6.9 billion. Besides, the report of the “Planning” in Sanaa said that the contraction of the telecommunications sector reached 53%, and its losses were estimated at 1.2 billion dollars. The transport sector was estimated to shrink by 64%, with losses amounting to 6 billion. According to statistics of the Ministry of Agriculture, direct and indirect damages incurred in the sector in five years amounted to 16 billion, while preliminary estimates indicate that agricultural production has decreased by 40% in the country.
Despite the above direct and indirect damages, the Yemeni economy did not collapse, and if its growth indicators retreated to the lowest, it remained steadfast and coherent, unlike the calculations of the “coalition” that took from striking the economy as a way to kneel Sanaa and force it to surrender, with a fate similar to the fate of the military bet.