The prime minister, Omar al-Razzaz, will pursue economic reforms, supported by a US$1.3bn IMF programme, but only in the aftermath of trying to mitigate the impact of the coronavirus. The Trading Economics Application Programming Interface (API) provides direct access to our data. The considerable macroeconomic shock from Covid-19 will put banking systems across the region under pressure.
Global Economic Prospects. GDP growth is expected to remain moderate in 2020, despite the shaky confidence of private sector agents in the face of regional instability. Jordan’s economic freedom score is 66.0, making its economy the 66th freest in the 2020 Index. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. This is the background note on ICT and Tech sectors. Global Economic Prospects examines trends for the world economy and how they affect developing countries.
The comments are more likely to be a means of putting pressure on Israel than a signal of a shift in foreign policy. While Jordan’s economy is small, it’s relatively well diversified. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. [4] More than 90 percent of Jordan’s population is living in urban areas. Jordan. 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.
The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
For example, Jordan’s Exports rank is higher than (please wait...) of the countries in the dataset. GDP in Jordan averaged 11.57 USD Billion from 1965 until 2019, reaching an all time high of 43.74 USD Billion in 2019 and a record low of 0.56 USD Billion in 1968. Jordan is an almost completely landlocked country, with an estimated population of 10.6 million in 2019, of which 2,242,579 were registered Palestinian refugees, 656,418 registered Syrian refugees and 67,225 registered Iraqi refugees. AMMAN — Jordan's economy is expected to grow by 2.2 per cent in 2019 and rise slightly to 2.4 per cent in 2020, according to a World Bank report released Tuesday.The report, entitled "Reforms and External Imbalances: The Labour-Productivity Connection in the Middle East and North Africa", indicated that the Kingdom's economy is expected to grow by 2.6 per cent 2021. We expect a contraction in real GDP and a considerable widening of the budget and current-account deficits in 2020, leaving Jordan heavily reliant on foreign aid. Economic activity will continue to be driven by mining and tourism. The latter is a particular focus for the government, which wants to double the 2016 tourist numbers by 2020. 2016-2019 EDP which also includes outputs of the Jordan Economic Growth Programme 2018-2022. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The Gross Domestic Product (GDP) in Jordan was worth 43.74 billion US dollars in 2019, according to official data from the World Bank. Jordan - Jordan - Economy: Although Jordan’s economy is relatively small and faces numerous obstacles, it is comparatively well diversified. Jordan’s multi-year national development framework also includes development programmes for each governorate as part of the decentralization drive, based on a participatory, bottom-up consultative The Government of Jordan's plan, presented at the London Conference in 2019, laying out the key cross-cutting actions to jumpstart growth and create jobs. The gross domestic product (GDP) measures of national income and output for a given country's economy. The GDP value of Jordan represents 0.04 percent of the world economy. Economy | July 23rd 2020 Jordan's trade deficit narrows sharply in the first quarter The current-account deficit will still widen in 2020 as services exports collapse. A deep recession is still likely owing to the shutdown of tourism and the weakening of markets in the Gulf.
Nearly one-third of its gross domestic product stems from trade and finance. 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. London Initiative 2019 - Jordan: Growth and Opportunity ICT and Tech Sectors.
Its overall score has decreased by 0.5 point due to a decline in the monetary freedom score. 1965-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
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