Current Account in Jordan

Jordan Current Account | Economic News & Forecasts

Jordan - Current Account

Economic growth accelerated slightly in the first quarter of 2019, according to fresh GDP estimates. The uptick was driven by solid expansions in the transport, storage and communications sector, and the agriculture sector. In further good news, the merchandise trade deficit decreased by over 5% in January?April compared to the same period a year earlier thanks to rising exports and falling imports. Moreover, although industrial production fell annually in January?April, the industrial sector does appear to be stabilizing. Less positively, however, the unemployment rate rose to an over one-decade high in Q1. Meanwhile, in June, Fitch Ratings assigned Jordan a sovereign credit rating of BB-, which is three notches below the investment grade, with a stable outlook.

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 %Jan 31
Stock Market3,6420.08 %Jul 11

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