Economy - overview:
Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating some fuel subsidies, which in the last decade spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown and regional turmoil, however, have depressed Jordan's GDP growth, impacting export-oriented sectors, construction, and tourism. In 2011 the government approved two economic relief packages and a budgetary supplement, largely to improve the living conditions for the middle and poor classes. Jordan's finances have also been strained by a series of natural gas pipline attacks in Egypt, causing Jordan to substitute more expensive heavy fuel oils to generate electricity. An influx of foreign aid, especially from Gulf countires, has helped to somewhat offset these extrabudgetary expenditures, but the budget deficit is likely to remain high, at nearly 10% of GDP excluding grants. Amman likely will continue to depend heavily on foreign assistance to finance the deficit in 2012. Jordan's financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan is currently exploring nuclear power generation to forestall energy shortfalls.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Jordan on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Jordan Economy 2012 information contained here. All suggestions for corrections of any errors about Jordan Economy 2012 should be addressed to the CIA.
$36.82 billion (2011 est.)
country comparison to the world: 101
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$28.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2.5% (2011 est.)
country comparison to the world: 137
[see also: GDP - real growth rate country ranks ]
$5,900 (2011 est.)
country comparison to the world: 138
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 4.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 30.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 65.2% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
1.771 million (2011 est.)
country comparison to the world: 123
[see also: Labor force country ranks ]
agriculture: 2.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20%
[see also: Labor force - by occupation - industry country ranks ]
services: 77.4% (2007 est.)
[see also: Labor force - by occupation - services country ranks ]
12.3% (2011 est.)
country comparison to the world: 129
note: official rate; unofficial rate is approximately 30%
[see also: Unemployment rate country ranks ]
14.2% (2002)
[see also: Population below poverty line country ranks ]
lowest 10%: 3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.7% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
39.7 (2007)
country comparison to the world: 65
[see also: Distribution of family income - Gini index country ranks ]
25.9% of GDP (2011 est.)
country comparison to the world: 57
[see also: Investment (gross fixed) country ranks ]
revenues: $6.249 billion
[see also: Budget revenues country ranks ]
expenditures: $9.197 billion (2011 est.)
[see also: Budget expenditures country ranks ]
22% of GDP (2011 est.)
country comparison to the world: 142
[see also: Taxes and other revenues country ranks ]
-10.4% of GDP (2011 est.)
country comparison to the world: 199
[see also: Budget surplus (+) or deficit (-) country ranks ]
60.7% of GDP (2011 est.)
country comparison to the world: 38
note: data cover central Government Debt, and include debt instruments issued (or owned) by Government entities other than the treasury; the data include treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
[see also: Public debt country ranks ]
6.4% (2011 est.)
country comparison to the world: 143
[see also: Inflation rate (consumer prices) country ranks ]
0.3% (31 December 2010 est.)
country comparison to the world: 81
[see also: Central bank discount rate country ranks ]
9% (31 December 2011 est.)
country comparison to the world: 116
[see also: Commercial bank prime lending rate country ranks ]
$10.09 billion (31 December 2011 est.)
country comparison to the world: 73
[see also: Stock of narrow money country ranks ]
$34.86 billion (31 December 2011 est.)
country comparison to the world: 71
[see also: Stock of broad money country ranks ]
$28.73 billion (31 December 2011 est.)
country comparison to the world: 71
[see also: Stock of domestic credit country ranks ]
$30.86 billion (31 December 2010)
country comparison to the world: 56
[see also: Market value of publicly traded shares country ranks ]
citrus, tomatoes, cucumbers, olives, strawberries, stone fruits; sheep, poultry, dairy
clothing, fertilizers, potash, phosphate mining, pharmaceuticals, petroleum refining, cement, inorganic chemicals, light manufacturing, tourism
1% (2011 est.)
country comparison to the world: 143
[see also: Industrial production growth rate country ranks ]
13.01 billion kWh (2008 est.)
country comparison to the world: 83
[see also: Electricity - production country ranks ]
11.3 billion kWh (2008 est.)
country comparison to the world: 84
[see also: Electricity - consumption country ranks ]
323 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]
224 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
87.77 bbl/day (2010 est.)
country comparison to the world: 121
[see also: Oil - production country ranks ]
98,000 bbl/day (2010 est.)
country comparison to the world: 77
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 180
[see also: Oil - exports country ranks ]
111,700 bbl/day (2009 est.)
country comparison to the world: 62
[see also: Oil - imports country ranks ]
250 million cu m (2009 est.)
country comparison to the world: 75
[see also: Natural gas - production country ranks ]
3.1 billion cu m (2009 est.)
country comparison to the world: 72
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 122
[see also: Natural gas - exports country ranks ]
2.85 billion cu m (2009 est.)
country comparison to the world: 41
[see also: Natural gas - imports country ranks ]
6.031 billion cu m (1 January 2011 est.)
country comparison to the world: 88
[see also: Natural gas - proved reserves country ranks ]
-$1.316 billion (2011 est.)
country comparison to the world: 142
[see also: Current account balance country ranks ]
$8.066 billion (2011 est.)
country comparison to the world: 101
[see also: Exports country ranks ]
clothing, fertilizers, potash, phosphates, vegetables, pharmaceuticals
US 15.6%, Iraq 15.4%, India 13.2%, Saudi Arabia 10.6%, UAE 4.3%, Syria 4% (2010)
$14.01 billion (2011 est.)
country comparison to the world: 86
[see also: Imports country ranks ]
crude oil, machinery, transport equipment, iron, cereals
Saudi Arabia 19.8%, China 10.8%, Germany 6.1%, US 5.6%, Egypt 4.5%, South Korea 4.2% (2010)
$12.65 billion (31 December 2011 est.)
country comparison to the world: 68
[see also: Reserves of foreign exchange and gold country ranks ]
$7.296 billion (31 December 2011 est.)
country comparison to the world: 101
[see also: Debt - external country ranks ]
$22.56 billion (31 December 2011 est.)
country comparison to the world: 67
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Jordanian dinars (JOD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12