Industry in Jordan

Jordan Industry | Economic News & Forecasts

Jordan - Industry

The economy remains weak in 2018. Industrial production in January–September decreased compared to the same period a year earlier, primarily due to a shrinking manufacturing industry. Furthermore, although the merchandise trade deficit narrowed in January–September, this was largely due to fewer imports of machines and machinery parts, which also masked a substantial increase in oil imports on the back of higher prices. More positively, the first Ryanair flight landed in Jordan on 30 October, highlighting a growing trend of low-cost European airlines expanding operations to the country. Meanwhile, on 18 November, the lower house of parliament approved long-awaited income tax hikes. The IMF-backed bill should help reduce the fiscal deficit going forward, although it still requires the approval of the upper house.

Jordan - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.6  1.7  0.9  -2.1  -0.7  

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Jordan Industry Chart

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

Jordan Facts

Exchange Rate0.710.0 %Oct 31
Stock Market3,7040.08 %Nov 29

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