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.
Jordan GDP and Economic Data
Country Report 2017 - Includes Jordan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Jordan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Jordan best banks and safest banks are also available.
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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 (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.06% | 0.06% | 0.06% | 0.08% | 0.07% |
*Estimate
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GDP - composition by sector
- agriculture: 4.2%
- industry: 29.6%
- services: 66.2%
(2016 estimate)
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
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)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 25.8 billion | USD 25.6 billion | USD 25.5 billion |
Source
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)
Export commodities
Textiles, fertilizers, potash, phosphates, vegetables, pharmaceuticals
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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
Source
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
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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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 51% | 60% | 80% | 84% |
Literacy
Total population: 95.4%
Male: 97.7%
Female: 92.9% (2015 est.)
(age 15 and over can read and write)
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)