Industry in Jordan
Jordan - IndustryThe economy expanded at a weak pace in Q1 2018, continuing the long-running trend of slow growth that began in 2010. Although the social and personal services; agriculture; and finance, insurance and real estate sectors all grew at a good pace in Q1, weak construction activity hampered growth. Meanwhile, on 20 July, Prime Minister Omar al-Razzaz won a confidence vote in parliament. This should give him breathing space to implement economic reforms, particularly those in line with IMF recommendations to strengthen the country’s public finances, such as a new income tax law. The need to do this is underlined by the fact that the fiscal deficit grew by over 150% year-on-year in the January-to-April period in 2018.
Jordan - Industry Data
|Industrial Production (annual variation in %)||1.6||1.7||0.9||-2.1||-0.7|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Industry Chart
Source: Department of Statistics Jordan.
|Exchange Rate||0.71||0.0 %||Jun 30|
|Stock Market||3,933||0.08 %||Aug 15|
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