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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)