Fiscal Balance in Jordan
Jordan - Fiscal Balance
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 - 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 | 3,642 | 0.08 % | Jul 11 |
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