Economy
There was little industrial output, or mineral wealth exploitation, in South Yemen, until the mid-1980s, following the discovery of significant petroleum reserves in the central regions near Shibam and Mukalla. The main sources of income were agriculture, mostly fruit, cereal crops, cattle and sheep, fishing and later, oil exports.
The national budget was 13.43 million dinars in 1976, and the gross national product was USD $150 million. The total national debt was $52.4 million.
Read more about this topic: People's Democratic Republic Of Yemen
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)