Fiscal Balance in Jordan

Jordan Fiscal Balance | Economic News & Forecasts

Jordan - Fiscal Balance

Economic 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 - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.4  -3.2  -2.6  -2.4  -3.4  

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Jordan Fiscal Balance Chart


Jordan Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Jordan and FocusEconomics calculations.

Jordan Facts

Value Change Date
Exchange Rate0.710.0 %Nov 30

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