Fiscal Balance in Jordan
Jordan - Fiscal Balance
The economy likely grew at a broadly steady pace in 2018, underpinned by the re-opening of the border with Iraq and the launch of new low-cost European airline routes to Jordan, supporting tourism. However, external financing conditions were poor last year. Turning to 2019, the signing of a trade agreement with Iraq in February—which will see oil deliveries resume from Iraq and lower tariffs on Jordanian exports—should further support the external sector. Meanwhile, the IMF and Jordan agreed to keep the fiscal deficit on a downward path on 7 February and, following a major international donor conference in London on 28 February, Jordan received over USD 2 billion in financial assistance pledges.Jordan - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -5.5 | -2.3 | -3.5 | -3.2 | -2.6 |
Jordan Fiscal Balance Chart
Source: Central Bank of Jordan and FocusEconomics calculations.
Jordan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.71 | 0.0 % | Jan 31 |
| Stock Market | 3,928 | 0.08 % | Mar 08 |
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