Jordan - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Jordan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Jordan economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 18.50 18 18.3 17.9 18 15.9 percent
Inflation Rate 4.60 4.2 4.2 3.8 4 3.3 percent
Interest Rate 5.25 5 5 5 5 5.5 percent
Balance of Trade -658092.30 -791350 -799762 -784662 -785976 -787429 JOD Thousands
Government Debt to GDP 95.60 101 101 101 95 90 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Stock Market 2124.84
points		 2181 2151 2121 2091 1978
Currency 0.71
 0.72 0.73 0.74 0.7 0.85
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 1.80
percent		 2.6 2.7 2.6 2.6 3.1
GDP 38.65
USD Billion		 39.4 39.55 39.7 40.9 40.8
GDP Constant Prices 2397.18
JOD Million		 2320 2550 2457 2547 2604
Gross National Product 28302.80
JOD Million		 26973 27964 28495 27937 30201
Gross Fixed Capital Formation 5063244705.00
JOD		 4823925307 4706264122 4795715218 4701681586 5082825097
GDP per capita 3258.50
USD		 3268 3231 3249 3223 3215
GDP per capita PPP 8389.50
USD		 8409 8387 8365 8383 8407
GDP From Agriculture 137.80
JOD Million		 81.65 95 139 94.91 147
GDP From Construction 140.62
JOD Million		 136 163 154 163 163
GDP From Manufacturing 511.08
JOD Million		 480 537 530 537 562
GDP From Mining 53.50
JOD Million		 48.64 40.95 52.54 40.91 55.68
GDP From Public Administration 382.80
JOD Million		 323 321 397 321 421
GDP From Services 610.88
JOD Million		 626 653 623 652 660
GDP From Transport 463.39
JOD Million		 449 462 469 461 497
GDP From Utilities 81.76
JOD Million		 75.16 87.32 83.83 87.24 88.84
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 18.50
percent		 18 18.3 17.9 18 15.9
Population 10.11
Million		 10.11 10.11 10.11 10.11 10.11
Employment Rate 33.10
percent		 31.72 31.8 31.84 31.91 32.21
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.60
percent		 4.2 4.2 3.8 4 3.3
Consumer Price Index CPI 124.30
Index Points		 124 125 125 129 135
Producer Prices 118.90
Index Points		 115 118 121 127 134
Export Prices 224.40
Index Points		 222 221 219 218 205
Import Prices 360.20
Index Points		 325 331 327 326 327
Producer Prices Change 4.80
percent		 3.3 4.9 4 4.8 5.5
Inflation Rate Mom 0.20
percent		 0.21 0.22 0.23 0.23 0.23
Food Inflation 1.20
percent		 2.34 2.7 2.93 3.09 3.42
CPI Housing Utilities 128.70
Index Points		 131 132 133 134 143
CPI Transportation 133.90
Index Points		 127 131 132 138 142
Core Consumer Prices 127.80
Index Points		 129 129 131 132 138
Core Inflation Rate 2.50
percent		 3.17 2.52 2.53 2.98 2.76
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.25
percent		 5 5 5 5 5.5
Money Supply M1 10273.50
JOD Million		 10330 10277 10517 10213 10253
Money Supply M2 33355.10
JOD Million		 32758 32718 32710 32711 32710
Foreign Exchange Reserves 11640.00
JOD Million		 10972 11479 11591 11262 11377
Loans to Private Sector 23750.10
JOD Million		 23384 22956 22418 22095 22565
Deposit Interest Rate 3.03
percent		 2.68 2.71 2.75 2.83 3.82
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -658092.30
JOD Thousands		 -791350 -799762 -784662 -785976 -787429
Exports 404450.80
JOD Thousands		 460685 437413 446693 442962 444036
Imports 1062543.10
JOD Thousands		 1252035 1237175 1228771 1228937 1231465
Current Account -642.90
JOD Million		 -622 -576 -547 -514 -360
Current Account to GDP -10.60
percent		 -10 -10 -10.8 -9 -8
External Debt 11453.40
JOD Million		 11453 11453 11453 11453 11453
Terms of Trade 62.30
Index Points		 68.36 66.73 66.16 66.81 62.62
Capital Flows -263.50
JOD Million		 695 695 695 695 695
Remittances 591.60
JOD Million		 602 606 579 574 581
Tourist Arrivals 642.10
Thousand		 500 600 600 600 600
Gold Reserves 43.50
Tonnes		 46.16 46.01 46.56 46.91 46.87
Terrorism Index 3.79
 2.91 2.92 2.93 2.88 1.84
Weapons Sales 77.00
USD Million		 53.1 51.44 49.79 42.43 47.18
Foreign Direct Investment 176.20
JOD Million		 291 309 343 366 592
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 95.60
percent		 101 101 101 95 90
Government Budget -2.60
percent of GDP		 -3.03 -2.66 -3.2 -2.32 -3.7
Government Spending 4254915419.00
JOD		 3985000579 3887801750 3961696482 3884016159 4198875327
Government Revenues 481.60
JOD Million		 674 646 630 608 455
Fiscal Expenditure 639.00
JOD Million		 620 517 650 786 696
Military Expenditure 1877.18
USD Million		 1701 1732 1764 1760 1581
Government Budget Value -270.30
JOD Million		 53.99 128 -44.74 -178 -241
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -9.70
percent		 -2.2 0.3 0.3 0.4 1
Internet Speed 5749.74
KBps		 5700 5700 5700 5700 5700
IP Addresses 250932.00
IP		 208497 204154 196385 189255 145388
Industrial Production Mom 1.90
percent		 0.78 -0.81 -0.85 -0.13 -0.08
Manufacturing Production -8.00
percent		 -1.19 -1.36 -3.26 -1.18 -1.98
Mining Production -5.40
percent		 44.78 30.34 18.39 23.7 30.17
Ease of Doing Business 103.00
 109 107 106 106 108
Corruption Index 48.00
Points		 48 48 48 48 48
Corruption Rank 59.00
 58 56 55 54 54
Competitiveness Index 4.30
Points		 4.29 4.29 4.29 4.29 4.29
Competitiveness Rank 65.00
 64 64 64 64 64
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 16823764345.00
JOD		 11220888058 11525256943 11829625828 11942565356 13201697332
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 2205.00
 3022 3429 3318 3302 3320
Building Permits 2443.00
 4209 3538 3298 3716 3519
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 20.00
percent		 20 20 20 20 20
Personal Income Tax Rate 20.00
percent		 20 20 20 20 21
Sales Tax Rate 16.00
percent		 16 16 16 16 16
Social Security Rate 22.75
percent		 22.75 22.75 22.75 23 23
Social Security Rate For Companies 15.25
percent		 15.25 15.25 15.25 15.25 15.25
Social Security Rate For Employees 7.50
percent		 7.5 7.5 7.5 7.5 7.5
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 10.68
mm		 4.28 0.33 11.63 21.72 9.69
Temperature 8.92
celsius		 22.84 27.55 15.9 11.28 19.82