Current Account in Jordan
Jordan - Current Account
Recently released national accounts data revealed that the nascent economic recovery started to firm in Q2, with GDP expanding 3.2% in annual terms (Q1: +0.3% yoy), although the result was flattered by a low base effect. Robust growth in the manufacturing sector, as well as stronger activity in the retail, hotels and restaurants, and transport and storage sectors, spearheaded the improvement. Meanwhile, although the unemployment rate remained near record high levels in Q2, it decreased slightly, likely supporting household spending somewhat. Conditions should have improved further in Q3 as phases two and three of the economic reopening plan were implemented during the period. In other news, on 11 October, Prime Minister Bisher Al-Khasawneh reshuffled his cabined for the fourth time since taking office a year ago, and established a new investment ministry in a bid to spur foreign investment and job creation.Jordan - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -9.2 | -9.8 | -10.8 | -7.0 | -2.8 |
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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