Industry in Jordan

Jordan Industry | Economic News & Forecasts

Jordan - Industry

Available data points to a mixed fourth quarter, after growth accelerated slightly in the third quarter. On the one hand, industrial production fell at a faster pace in October–November compared to Q3. However, exports of goods increased in November, while imports also rose after falling for most of the preceding months of the year, suggesting demand might have started to firm up. Meanwhile, the authorities reached a four-year support program with the IMF in late January, worth USD 1.3 billion. The program is now pending final approval from the IMF, expected in March, and includes gradual and steady fiscal consolidation as one of its key objectives. This came shortly after Parliament approved the government’s mildly expansionary 2020 budget, which includes an increase in capital spending and salaries for public-sector workers, and forecasts little change to the fiscal deficit from 2019.

Jordan - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)1.7  0.9  -2.1  -0.7  -6.1  

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Jordan Industry Chart

Jordan Industry
Note: Annual variation of industrial production in %.
Source: Department of Statistics Jordan.

Jordan Facts

Value Change Date
Exchange Rate0.710.0 %Nov 30

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