Current Account in Jordan

Jordan Current Account | Economic News & Forecasts

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  

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Jordan Current Account Chart

Jordan Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Jordan and FocusEconomics calculations.

Jordan Facts

Exchange Rate0.710.0 %Nov 30

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