Fiscal Balance in Jordan
Jordan - Fiscal Balance
The economy likely remained downbeat in Q3 and at the outset of Q4, after contracting in Q2 due to the pandemic and associated containment measures. Although international travel resumed towards the end of the third quarter and restaurants reopened for dine-in services in early October, a surge in Covid-19 cases prompted authorities to implement further containment measures later in the month, including partial lockdowns, school closures and curfews, boding ill for activity. In other news, in early October, Jordan and Israel struck a deal allowing flights to pass through Israeli airspace, which could bolster tourism and trade going forward. On the political front, on 7 October King Abdullah appointed Bisher al-Khasawneh as the new prime minister, who will oversee the upcoming 10 November parliamentary elections.Jordan - Fiscal Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -3.4 | -3.2 | -2.6 | -2.4 | -3.4 |
Jordan Fiscal Balance 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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