Fiscal Balance in Jordan

Jordan Fiscal Balance | Economic News & Forecasts

Jordan - Fiscal Balance

Data from the second quarter is mixed thus far, after annual growth accelerated slightly in the first quarter due to a growing services sector and despite a contracting construction sector. Industrial production decreased in annual terms in Q2, largely due to lower manufacturing output causing a sharp contraction in June, following four consecutive months of growth. More positively, the merchandise trade deficit narrowed notably in January?May in annual terms, while inflation significantly moderated in Q2 compared to Q1, which should have supported private consumption. In other news, the government’s absolute fiscal deficit narrowed slightly in H1 against the same period last year. Although this is a positive development, it came as a result of a substantial increase in foreign grant receipts and a hefty cut in capital expenditure.

Jordan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.5  -2.3  -3.5  -3.2  -2.6  

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Jordan Fiscal Balance Chart

Jordan Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Jordan and FocusEconomics calculations.

Jordan Facts

Exchange Rate0.710.0 %Jun 30
Stock Market3,5030.08 %Sep 04

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