Current Account in Jordan
Jordan - Current Account (billions of U.S. Dollars)Economic activity growth should have eased in Q1 2022, but momentum likely accelerated towards the end of the period. Annual industrial output expanded at a slower pace in Q1. That said, growth accelerated to a 10-month high in March, largely thanks to the manufacturing sector’s performance. Meanwhile, private spending should have been in a tough spot so far this year. The over 20% unemployment rate is likely dampening consumption. This, coupled with mounting price pressures through April—when inflation hit an over three-year high—should be restraining demand further. More positively, tourism numbers have started to pick up, and tourism revenues skyrocketed 251% year on year in Q1. The scrapping of more Covid-19 restrictions in late March should add further impetus to activity ahead.
Jordan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-3.5||-3.9||-4.4||-3.0||-1.2|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.71||0.0 %||Nov 30|
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