RISKY BUSINESS IN JORDAN

RISKY BUSINESS IN JORDAN

Frontier Markets Report | Jordan
Jordan is working hard to build its attractiveness to foreign investors, but regional instability presents a serious downside.

 
 
Source
Central bank

Central Bank of Jordan

International Reserves

USD 15.2 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 41.7 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 90.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.1% 8.2% 7.2% 5.5% 2.3% 2.6% 2.7%
2013 2014 2015 2016* 2017*    
2.8% 3.1% 2.4% 2.8% 3.3%    

*Estimate

GDP per capita - current prices

USD 5,292.9 (2017, estimate)

GDP per capita - PPP

Intl$ 11,540.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.06% 0.06% 0.08% 0.07%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 4.2% 
  • industry: 29.6% 
  • services: 66.2%

(2016 estimate)

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

N/A

Inflation
2013 2014 2015 2016* 2017*
4.8% 2.9% -0.9% -0.5% 2.3%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
12.6% 11.9% 13.1% N/A N/A

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
86.7% 89% 93.4% 94.4% 94%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-11.5% -10% -4.1% -3.8% -4%

*Estimate

Government bond ratings

Standard & Poor's: BB-

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 25.8 billion USD 25.6 billion USD 25.5 billion
Largest companies

Arab Bank

 
 
Source
Current account balance

USD -3.7 billion (2017 estimate)

Current account balance by percentage of GDP

-8.9% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

37.6% (2015)

Exports as percent of GDP (Exports of goods and services)

0.05% (2015)

Shares in world total commercial services export

0.1% (2015)

Total exports

USD 7.1 billion (2016 estimate)

Export commodities

Textiles, fertilizers, potash, phosphates, vegetables, pharmaceuticals

Total imports

USD 17.9 billion (2016 estimate)

 
 
Source
Import commodities

Crude oil, refined petroleum products, machinery, transport equipment, iron, cereals

Exports - major partners

US 21%, Saudi Arabia 16.5%, Iraq 10.3%, India 8.7%, UAE 4.8%, Kuwait 4.4% (2015)

Imports - major partners

Saudi Arabia 15.4%, China 12.8%, US 6.2%, Germany 4.7%, UAE 4.2% (2015)

FDI inflows
2013 2014 2015
USD 1,805 million USD 2,009 million USD 1,275 million
FDI outflows
2013 2014 2015
USD 15.6 million USD 83.4 million USD 1.0 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD -2.0 million N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 118 out of 190 countries (2017)

Subcategories:

Starting a business: 106 out of 190 countries

Enforcing Contracts: 124 out of 190 countries

Registering Property: 96 out of 190 countries

Getting Credit: 185 out of 190 countries

Protecting Minority Investors: 165 out of 190 countries

Trading Across Borders: 50 out of 190 countries

Paying Taxes: 79 out of 190 countries

Dealing with Construction Permits: 109 out of 190 countries

Getting Electricity: 48 out of 190 countries

Resolving Insolvency: 142 out of 190 countries

Global competitiveness ranking

63 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 46 / Score: 68.25 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+2

Total area

89,342 sq km

Capital

Amman

Currency

Jordanian dinars (JOD)

Government type

Parliamentary constitutional monarchy

Languages

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

Religions

Muslim 97.2% (official; predominantly Sunni), Christian 2.2% (majority Greek Orthodox, but some Greek and Roman Catholics, Syrian Orthodox, Coptic Orthodox, Armenian Orthodox, and Protestant denominations), Buddhist 0.4%, Hindu 0.1%, Jewish <0.1, folk religionist <0.1, unaffiliated <0.1, other <0.1 (2010 est.)

Total population
1990 2000 2010 2016* 2021*
3.358 million 4.767 million 6.518 million 7.748 million 8.246 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
51% 60% 80% 84%
Population median age

22.3 years (2016 estimate)

Population growth rate

0.83% (2016 estimate)

Life expectancy

74.6 years (2016 estimate)

Literacy

Total population: 95.4%
Male: 97.7%
Female: 92.9% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 4.80%   Mobile 179.43% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

53.4% (2015)

Mercer Cost of living index

Amman: 50th (2016)

CO2 emissions

3.4 (2013)

World's Best Developed & Emerging Markets Banks

World's Best Islamic Financial Institutions

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

World's Biggest Banks

Additional Awards