Country Report Yemen March 2011

Data and charts: Quarterly data

	2008	2009				2010
	4 Qtr	1 Qtr	2 Qtr	3 Qtr	4 Qtr	1 Qtr	2 Qtr	3 Qtr
Prices
Consumer prices (av; 2005=100)	100.9	102.6	103.1	105.4	108.0	111.1	114.0	118.1
Consumer prices (% change, year on year)	14.5	4.9	4.6	5.0	7.1	8.3	10.6	12.0
Financial indicators
Exchange rate YR:US$ (av)	199.98	200.17	200.48	204.52	206.20	216.60	225.14	225.53
Exchange rate YR:US$ (end-period)	200.08	200.27	202.72	205.09	206.90	222.30	225.96	214.60
Deposit rate (av; %)	13.0	12.0	10.7	10.0	10.0	14.7	20.0	20.0
Lending rate (av; %)	18.0	18.0	18.0	18.0	18.0	18.0	25.0	25.0
Treasury bills, 3-month rate (av; %)	14.9	14.2	13.8	13.0	13.0	14.7	23.0	n/a
M1 (end-period; YR bn)	680.2	683.5	696.7	764.3	758.6	732.0	738.1	761.3
M1 (% change, year on year)	10.8	17.0	19.3	11.7	11.5	7.1	5.9	-0.4
M2 (end-period; YR bn)	1,717.5	1,746.8	1,789.1	1,898.1	1,937.6	2,029.2	2,075.7	2,088.1
M2 (% change, year on year)	13.2	15.0	14.0	13.1	12.8	16.2	16.0	10.0
Sectoral trends (Crude oil)
Production (m barrels/day)	0.30	0.28	0.27	0.27	0.28	0.28	0.27	0.26
Prices, Brent (US$/barrel)	55.89	44.98	59.14	68.37	74.97	76.65	78.69	76.41
Foreign trade & payments (US$ m)
Reserves excl gold (end-period)	8,111.0	7,426.0	7,064.0	7,359.0	6,936.0	6,119.0	5,792.0	5,987.0
Sources: IMF, International Financial Statistics; Central Bank of Yemen; IEA, Monthly Oil Market Report; Platts.

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