Current Account in Jordan
Jordan - Current AccountEconomic activity growth should have eased in Q1 2022, but momentum likely accelerated towards the end of the period. Annual industrial output expanded at a slower pace in Q1. That said, growth accelerated to a 10-month high in March, largely thanks to the manufacturing sector’s performance. Meanwhile, private spending should have been in a tough spot so far this year. The over 20% unemployment rate is likely dampening consumption. This, coupled with mounting price pressures through April—when inflation hit an over three-year high—should be restraining demand further. More positively, tourism numbers have started to pick up, and tourism revenues skyrocketed 251% year on year in Q1. The scrapping of more Covid-19 restrictions in late March should add further impetus to activity ahead.
Jordan - Current Account Data
|Current Account (% of GDP)||-9.2||-9.8||-10.8||-7.0||-2.8|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Current Account Chart
Source: Central Bank of Jordan and FocusEconomics calculations.
|Exchange Rate||0.71||0.0 %||Nov 30|
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