Jordan GDP Data & Country Report

Jordan Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Jordan; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Jordan

International Reserves

US$ 13.295 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 29.964 billion (2010 estimate)

GDP (Purchasing Power Parity)

36.04 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
4.3%	5.3%	5.8%	4.2%	8.6%	8.1%	7.9%	8.5%
2008	2009	2010	2011*
7.6%	2.3%	3.1%	3.3%

*Estimate

GDP per capita - current prices

US$ 4,788 (2009 estimate)

GDP per capita - PPP

$5,759 International Dollars (2009 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.04%	0.03%	0.04%	0.05%	0.05%

**Forecast

GDP - composition by sector

agriculture: 4.4%
industry: 30.3%
services: 65.2% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
13.9%(2008)	-0.7%	5%	6.1%

*Estimate

Unemployment rate

2008	2009	2010	2011*
12.7%	12.9%	12.5%(2009)	12.5%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
71.1%	58.1%	61.4%	60.5%	62%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-4.5%	-4.1%	-8.1%	-6%	-5.3%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: BB/Stable/B

Moody's rating: Ba2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$41.216 billion	US$35.847 billion	US$31.865 billion

Largest companies in Jordan

Arab Bank (Regional Banks)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -2.5 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-8.5% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

46.5% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.05%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.13%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$7.333 billion f.o.b. (2010 estimate)

Export commodities

clothing, fertilizers, potash, phosphates, vegetables, pharmaceuticals

Total imports

US$15.65 billion f.o.b. (2008 estimate)

Import commodities

crude oil, machinery, transport equipment, iron, cereals

Exports - major partners

US 22.4%, Iraq 12.9%, India 8.3%, UAE 7.8%, Saudi Arabia 7.5%, Syria 4.9% (2007)

Imports - major partners

Saudi Arabia 21%, China 9.7%, Germany 7.5%, US 4.7%, Egypt 4.4% (2007)

FDI inflows

2008	2009	2010
US$2,829 million	US$2,430 million(2009)	US$1,704 million(2009)

FDI outflows

2008	2009	2010
US$13 million	US$72 million	US$28 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$322 million	N/A(2009)	US$-34 million(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 111 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 127 out of 183 countries(2009)

Registering property: 106 out of 183 countries

Paying Taxes: 29 out of 183 countries

Getting credit: 128 out of 183 countries

Protecting investors: 120 out of 183 countries

Trading across border: 77 out of 183 countries

Enforcing Contracts: 129 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 38 Score: 68.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+2

Total area

89,342 km² (2006)

Capital

Amman (2009)

Currency

Jordanian dinars (JOD) (2009)

Government type

constitutional monarchy (2009)

Languages

Arabic (official), English widely understood among upper and middle classes

Religions

Sunni Muslim 92%, Christian 6% (majority Greek Orthodox, but some Greek and Roman Catholics, Syrian Orthodox, Coptic Orthodox, Armenian Orthodox, and Protestant denominations), other 2% (several small Shia Muslim and Druze populations) (2001 estimate)

Total population

1980	1990	2000	2010*	2015**
2.23 million	3.47 million	4.86 million	6.12 million	6.85 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
50.9%	59.9%	78.3%	78.5%

Population median age

21.0 years (2006)

Population growth rate

2.4% (2009)

Life expectancy

72 years (2007)

Adult literacy

93% (2000/2007)

% of population living on less than $2 a day

3.46% (2011)

Inequality of wealth distribution (Gini index)

37.7 (2006)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

114.83% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

38% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Amman: 103rd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

3.4849 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

REGIONAL WINNERS Arab Bank (Middle East, 2012)
COUNTRY WINNERS Arab Bank (National, 2012)

2011:

COUNTRY WINNERS Arab Bank (National, 2011)

2010:

REGIONAL WINNERS Arab Bank (Middle East, 2010)
REGIONAL WINNERS Arab Bank (Middle East, 2010)
COUNTRY WINNERS Arab Bank (National, 2010)

2009:

REGIONAL WINNERS Arab Bank (Middle East, 2009)
COUNTRY WINNERS Arab Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Arab Bank (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Arab Bank (National, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Consumer Internet Banks Arab Bank (National, 2009)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Standard Chartered (2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:

OVERALL WINNERS / Best Islamic Retail Bank Jordan Islamic Bank (Global, 2012)
COUNTRY WINNERS Jordan Islamic Bank (National, 2012)

2011:

OVERALL WINNERS / Best Islamic Retail Bank Jordan Islamic Bank (Global, 2011)
COUNTRY WINNERS Jordan Islamic Bank (National, 2011)

2010:

OVERALL WINNERS / Best Islamic Retail Bank Jordan Islamic Bank (Global, 2010)
COUNTRY WINNERS Jordan Islamic Bank (National, 2010)

2009:

COUNTRY WINNERS Jordan Islamic Bank (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Arab Bank (National, 2012)

2011:

COUNTRY WINNERS Arab Bank (National, 2011)

2010:

COUNTRY WINNERS Arab Bank (National, 2010)

2009:

COUNTRY WINNERS Arab Bank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS HSBC (National, 2011)

2010:

COUNTRY WINNERS HSBC (National, 2010)

2009:

COUNTRY WINNERS HSBC (2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS Arab Financial Investment (National, 2012)

2011:

COUNTRY WINNERS Arab Bank (National, 2011)

2010:

COUNTRY WINNERS Arab Bank (National, 2010)

2009:

COUNTRY WINNERS Arab Bank (National, 2009)

WORLD'S BIGGEST BANKS

2010:

BIGGEST BANK IN MIDDLE EAST Arab Bank (Middle East, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:

OVERALL BIGGEST Arab Bank - Jordan (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Arab Bank (National, 2012)

2011:

COUNTRY WINNERS Arab Bank (National, 2011)

2010:

COUNTRY WINNERS Arab Bank (National, 2010)

2009:

COUNTRY WINNERS Arab Bank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Jordan GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:

2011:

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

2010:

2009:

WORLD'S BIGGEST BANKS

2010:

TOP 200 EMERGING MARKETS BANKS

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: