GDP in Jordan
Jordan - GDPThe economy is gradually extracting itself from the quagmire of weak external demand, rising public debt and falling tourist revenues. In the January-to-May period, the number of tourists grew robustly, and recent data show that the economy expanded 2.2% in Q1, mainly on the back of expansions in the finance, agricultural and extractive sectors, accelerating slightly from Q4’s 2.0% growth. In the same period, public debt declined somewhat and exports expanded at a reasonable pace. On the downside, the unemployment rate increased, pushed up by the high amount of refugees from Syria. In June, the IMF released approximately USD 71 million following the first revision of the Extended Fund Facility program, and urged the country to cut expenditures and sales tax exemptions.
Jordan - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||2.7||2.8||3.1||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Jordan GDP Chart
Source: Department of Statistics Jordan and FocusEconomics calculations.
|Exchange Rate||0.71||0.0 %||May 31|
|Stock Market||4,111||-0.22 %||Jul 18|
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