Trade Balance in Jordan
Jordan - Trade BalanceEconomic activity growth should have eased in Q1 2022, but momentum likely accelerated towards the end of the period. Annual industrial output expanded at a slower pace in Q1. That said, growth accelerated to a 10-month high in March, largely thanks to the manufacturing sector’s performance. Meanwhile, private spending should have been in a tough spot so far this year. The over 20% unemployment rate is likely dampening consumption. This, coupled with mounting price pressures through April—when inflation hit an over three-year high—should be restraining demand further. More positively, tourism numbers have started to pick up, and tourism revenues skyrocketed 251% year on year in Q1. The scrapping of more Covid-19 restrictions in late March should add further impetus to activity ahead.
Jordan - Trade Balance Data
|Trade Balance (USD billion)||-12.6||-11.8||-13.0||-12.6||-11.0|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Trade Balance Chart
Source: Central Bank of Jordan.
|Exchange Rate||0.71||0.0 %||Nov 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.