Current Account in Jordan
Jordan - Current Account
Economic growth accelerated slightly in Q3, buttressed by a large contribution from the finance, insurance and business services sector. However, the expansion remained weak by historical standards, weighed on by stalled construction activity. Meanwhile, the unemployment rate dipped to 19.1% in Q3 from Q2’s over one-decade high of 19.2%. Turning to Q4, available data is mixed. On the one hand, industrial production contracted for the seventh consecutive month in October. However, merchandise exports increased again in October compared to the same month a year earlier, contributing to a notable narrowing of the trade deficit in January–October. In other news, the government has proposed an expansionary USD 14 billion budget for 2020, which is currently being debated in parliament and will, if approved, raise capital spending, and salaries and pensions for public-sector workers.Jordan - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -10.4 | -7.3 | -9.1 | -9.4 | -10.6 |
Jordan Current Account Chart
Source: Central Bank of Jordan and FocusEconomics calculations.
Jordan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.71 | 0.0 % | Nov 30 |
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