Industry in Jordan

Jordan Industry | Economic News & Forecasts

Jordan - Industry

Although economic activity accelerated slightly in Q2, the economy remained on a low-growth trajectory due to high structural unemployment, large external imbalances and insufficient economic reforms. GDP expanded 2.1% in Q2 compared to the same period a year earlier, supported by stronger manufacturing output and a timid rebound in construction. Data for July shows that economic activity remained weak in Q3, with industrial production contracting for the eighth consecutive month and the trade deficit widening further. Meanwhile, in September, a revised tax bill was sent to parliament that seeks to generate JOD 280 million in additional revenue, mainly from expanding the tax base. The importance of such policy measures is underlined by the fact that in the January–July period the fiscal deficit widened by over 20% year-on-year.

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 %Aug 31
Stock Market3,8730.08 %Oct 18

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