Current Account in Jordan
Jordan - Current AccountThe economy likely remained downbeat in Q3 and at the outset of Q4, after contracting in Q2 due to the pandemic and associated containment measures. Although international travel resumed towards the end of the third quarter and restaurants reopened for dine-in services in early October, a surge in Covid-19 cases prompted authorities to implement further containment measures later in the month, including partial lockdowns, school closures and curfews, boding ill for activity. In other news, in early October, Jordan and Israel struck a deal allowing flights to pass through Israeli airspace, which could bolster tourism and trade going forward. On the political front, on 7 October King Abdullah appointed Bisher al-Khasawneh as the new prime minister, who will oversee the upcoming 10 November parliamentary elections.
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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