Sound Macro Economy
Growing and Robust Economy
Jordan’s macro-economic fundamentals are sound and leading indicators to point to continuing growth in 2008. Careful planning and policy reforms, a strong economy, and the creation of ideal conditions ripe for business have led to a surge in foreign investment in Jordan.
Sustained GDP growth at a rate of 7.9% in 2008 and 8.9% for 2007; nearly double that of previous 5 years.
Evolving GDP per capita growing at a rate of 8% annually in the past 3 years.
- Tripled total factor productivity reaching 3%.
- A low Inflation rate in single digits at 14%(2008).
- Decreasing public debt: the ratio diminished by over 70% pushing external debt as a percentage of GDP down from 189% in 1990 to 25.8% in 2008.
Strong and Increasing exports capitalizing on Trade Agreements led to the increase in value of Jordanian goods sold abroad by 190% from 1996-2008.
- Foreign reserves up to 8,306 million USD in Feb 2009 from 2,800 million USD in 2000.
- Amman Stock Exchange (ASE) capitalization at 35.783 billion USD in 2008
- Our fixed exchange rate regime and monetary policy will continue to assure investors that Jordan will stay competitive by maintaining inflation and interest rates that are in line with those of our trading partners.
- A service-oriented economy: services sector (67.6% of the total GDP), manufacturing, contributes by 19.2% to the GDP, however increasing.
View Origins of GDP 2007 (% Total)
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