Fiscal Balance in Jordan
Jordan - Fiscal Balance
The economy appears to be on the cusp of a turnaround after years of sluggish growth. In February, annual industrial output increased for the first time in nearly one-and-a-half years. This was due to greater manufacturing and electricity output, while quarrying production fell. Moreover, in January–February, the merchandise trade deficit narrowed compared to the same period a year earlier, as exports increased and imports fell. Exports rose on the back of increased clothing shipments, while imports decreased on a fall in oil purchases. Meanwhile, on 5 May, the government announced it has requested a new program with the IMF to support the country’s economic development. It also requested an extension of six months to the current program, which is set to end this summer, until a new arrangement is found.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 | 3,612 | 0.08 % | May 13 |
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