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Jordan Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Jordan Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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):
$36.82 billion (2011 est.)
country comparison to the world: 101

$36.01 billion (2010 est.)
$35.19 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$28.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2011 est.)
country comparison to the world: 137

2.3% (2010 est.)
5.5% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,900 (2011 est.)
country comparison to the world: 138

$5,900 (2010 est.)
$5,900 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

Labor force:
1.771 million (2011 est.)
country comparison to the world: 123
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
12.3% (2011 est.)
country comparison to the world: 129

12.5% (2010 est.)
note: official rate; unofficial rate is approximately 30%
[see also: Unemployment rate country ranks ]

Population below poverty line:
14.2% (2002)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Distribution of family income - Gini index:
39.7 (2007)
country comparison to the world: 65

36.4 (1997)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
25.9% of GDP (2011 est.)
country comparison to the world: 57
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $6.249 billion
[see also: Budget revenues country ranks ]
expenditures: $9.197 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
22% of GDP (2011 est.)
country comparison to the world: 142
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-10.4% of GDP (2011 est.)
country comparison to the world: 199
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
60.7% of GDP (2011 est.)
country comparison to the world: 38

61.2% of GDP (2010 est.)
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 ]

Inflation rate (consumer prices):
6.4% (2011 est.)
country comparison to the world: 143

5% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0.3% (31 December 2010 est.)
country comparison to the world: 81

4.75% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9% (31 December 2011 est.)
country comparison to the world: 116

8.9% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$10.09 billion (31 December 2011 est.)
country comparison to the world: 73

$9.238 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$34.86 billion (31 December 2011 est.)
country comparison to the world: 71

$35.53 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$28.73 billion (31 December 2011 est.)
country comparison to the world: 71

$26.72 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$30.86 billion (31 December 2010)
country comparison to the world: 56

$31.86 billion (31 December 2009)
$35.85 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
citrus, tomatoes, cucumbers, olives, strawberries, stone fruits; sheep, poultry, dairy

Industries:
clothing, fertilizers, potash, phosphate mining, pharmaceuticals, petroleum refining, cement, inorganic chemicals, light manufacturing, tourism

Industrial production growth rate:
1% (2011 est.)
country comparison to the world: 143
[see also: Industrial production growth rate country ranks ]

Electricity - production:
13.01 billion kWh (2008 est.)
country comparison to the world: 83
[see also: Electricity - production country ranks ]

Electricity - consumption:
11.3 billion kWh (2008 est.)
country comparison to the world: 84
[see also: Electricity - consumption country ranks ]

Electricity - exports:
323 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
224 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
87.77 bbl/day (2010 est.)
country comparison to the world: 121
[see also: Oil - production country ranks ]

Oil - consumption:
98,000 bbl/day (2010 est.)
country comparison to the world: 77
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 180
[see also: Oil - exports country ranks ]

Oil - imports:
111,700 bbl/day (2009 est.)
country comparison to the world: 62
[see also: Oil - imports country ranks ]

Natural gas - production:
250 million cu m (2009 est.)
country comparison to the world: 75
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
3.1 billion cu m (2009 est.)
country comparison to the world: 72
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 122
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
2.85 billion cu m (2009 est.)
country comparison to the world: 41
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
6.031 billion cu m (1 January 2011 est.)
country comparison to the world: 88
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.316 billion (2011 est.)
country comparison to the world: 142

-$974.5 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$8.066 billion (2011 est.)
country comparison to the world: 101

$7.333 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, fertilizers, potash, phosphates, vegetables, pharmaceuticals

Exports - partners:
US 15.6%, Iraq 15.4%, India 13.2%, Saudi Arabia 10.6%, UAE 4.3%, Syria 4% (2010)

Imports:
$14.01 billion (2011 est.)
country comparison to the world: 86

$12.97 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
crude oil, machinery, transport equipment, iron, cereals

Imports - partners:
Saudi Arabia 19.8%, China 10.8%, Germany 6.1%, US 5.6%, Egypt 4.5%, South Korea 4.2% (2010)

Reserves of foreign exchange and gold:
$12.65 billion (31 December 2011 est.)
country comparison to the world: 68

$13.65 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$7.296 billion (31 December 2011 est.)
country comparison to the world: 101

$7.301 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$22.56 billion (31 December 2011 est.)
country comparison to the world: 67

$20.67 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Jordanian dinars (JOD) per US dollar -

0.709 (2011 est.)
0.709 (2010 est.)
0.709 (2009)
0.709 (2008)
0.709 (2007)


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.
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






This page was last modified 07-Mar-12
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