Trade Balance in Jordan

Jordan Trade Balance | Economic News & Forecasts

Jordan - Trade Balance

The economy expanded 2.7% year-on-year in Q3, slowing from Q2’s 3.2% growth. The result was partly due to industrial production softening markedly from the prior quarter’s stellar growth. Meanwhile, the unemployment rate decreased in Q3, likely supporting household consumption. That said, it remained near record highs, which, coupled with intensified price pressures, should have capped the overall improvement. In late November authorities presented a JOD 10.1 billion (around USD 7.2 billion) 2022 draft budget, which sees a drop in debt servicing costs and a 43% increase in capital spending, aimed at spurring growth and improving the country’s infrastructure. The blueprint also sees a pre-foreign aid deficit of 7.7% of GDP. In other news, on 7 December Fitch Ratings affirmed the country’s ‘BB-’ rating and upgraded the outlook to stable, citing Jordan’s progress on the recovery and on fiscal consolidation. Meanwhile, on 20 December the IMF released USD 335 million after completing the third review of the country’s loan program.

Jordan - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-12.6  -11.8  -13.0  -12.6  -11.0  

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Jordan Trade Balance Chart

Jordan Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of Jordan.

Jordan Facts

Value Change Date
Exchange Rate0.710.0 %Nov 30

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