Industry in Jordan

Jordan Industry | Economic News & Forecasts

Jordan - Industry

The 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

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 %Jun 30
Stock Market3,9330.08 %Aug 15

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