Current Account in Jordan
Jordan - Current AccountEconomic 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
|Current Account (% of GDP)||-10.4||-7.3||-9.1||-9.4||-10.6|
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 %||Jan 31|
|Stock Market||3,642||0.08 %||Jul 11|
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