Jordan | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 15.80 14.6 14.7 14.3 15.56 12.5 percent [+]
Inflation Rate 3.50 4.5 4.5 4.1 3.6 3.3 percent [+]
Interest Rate 4.50 4.5 4.5 4.75 4.75 5.5 percent [+]
Balance of Trade -709700.00 -711501 -710988 -710917 -710906 -710904 JOD Thousands [+]
Government Debt to GDP 93.40 92.1 92.1 92.1 93.62 89 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Stock Market 2156.36 2220 2200 2130 2160 1800 points [+]
Currency 0.71 0.72 0.72 0.75 0.74 0.85 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 2.00 2.3 2.5 2.2 2.4 3.1 percent [+]
GDP 37.52 38.65 38.93 39.21 39.62 45.52 USD Billion [+]
GDP Constant Prices 2347.90 2283 2357 2330 2314 2321 JOD Million [+]
Gross National Product 27228.80 27824 27974 28125 28330 30439 JOD Million [+]
Gross Fixed Capital Formation 6509437071.51 6159960042 6532667872 6905375702 6892309707 7375303831 USD [+]
GDP per capita 3976.04 3979 3978 3976 3974 3965 USD [+]
GDP per capita PPP 10239.66 10263 10272 10281 10289 10375 USD [+]
GDP From Agriculture 132.60 100 100 100 100 100 JOD Million [+]
GDP From Construction 147.00 133 158 147 110 144 JOD Million [+]
GDP From Manufacturing 506.90 490 489 489 489 489 JOD Million [+]
GDP From Mining 50.20 45.42 44.74 47.36 44.62 46.06 JOD Million [+]
GDP From Public Administration 379.70 380 349 380 350 379 JOD Million [+]
GDP From Services 595.30 605 622 603 609 611 JOD Million [+]
GDP From Transport 447.90 443 445 457 428 473 JOD Million [+]
GDP From Utilities 80.10 72.18 72.07 72.06 72.06 72.06 JOD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 15.80 14.6 14.7 14.3 15.56 12.5 percent [+]
Population 9.80 10.03 10.01 9.99 10 10.35 Million [+]
Employment Rate 30.00 30.53 30.04 30.2 30.39 30.27 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 3.50 4.5 4.5 4.1 3.6 3.3 percent [+]
Consumer Price Index CPI 118.80 119 120 120 121 128 Index Points [+]
Producer Prices 113.50 114 114 113 113 113 Index Points [+]
Export Prices 238.40 235 235 235 235 235 Index Points [+]
Import Prices 391.20 388 389 388 389 388 Index Points [+]
Producer Prices Change 6.70 14.37 16.75 17.83 18.32 18.73 percent [+]
Inflation Rate Mom 0.00 0.3 0.25 0.27 0.27 0.27 percent [+]
Food Inflation -0.80 -0.09 0.97 1.74 2.28 3.57 percent [+]
Cpi Housing Utilities 124.60 125 124 124 124 124 Index Points [+]
Core Consumer Prices 124.70 125 125 125 125 125 Index Points [+]
Core Inflation Rate 3.10 3.13 3.14 3.14 3.14 3.14 percent [+]
Cpi Transportation 121.96 123 123 123 123 123 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.50 4.5 4.5 4.75 4.75 5.5 percent [+]
Money Supply M1 10009.60 10079 10167 10257 10346 11267 JOD Million [+]
Money Supply M2 31962.10 32098 32276 32452 32627 34407 JOD Million [+]
Foreign Exchange Reserves 11154.10 11086 11051 11047 11046 11046 JOD Million [+]
Loans to Private Sector 21945.20 22393 22735 22967 23131 23501 JOD Million [+]
Deposit Interest Rate 3.50 3.35 2.94 2.52 2.39 3.2 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -709700.00 -711501 -710988 -710917 -710906 -710904 JOD Thousands [+]
Exports 465500.00 451550 450367 449650 449366 449270 JOD Thousands [+]
Imports 1175200.00 1161968 1161894 1161870 1161865 1161864 JOD Thousands [+]
Current Account -584.80 -629 -610 -603 -588 -588 JOD Million [+]
Current Account to GDP -9.30 -9.55 -9.79 -10.04 -10.15 -9.81 percent [+]
External Debt 10299.00 10334 10266 10199 10167 9241 JOD Million [+]
Terms of Trade 60.90 60.21 60.15 60.15 60.15 60.15 Index Points [+]
Capital Flows 317.10 337 321 467 442 395 JOD Million [+]
Remittances 597.90 609 628 597 575 603 JOD Million [+]
Tourist Arrivals 665.70 611 533 550 561 556 Thousand [+]
Gold Reserves 38.26 37.41 35.34 36.24 37.6 37.9 Tonnes [+]
Foreign Direct Investment 238.00 220 228 225 230 230 JOD Million [+]
Weapons Sales 20.00 13.79 21.12 28.45 41.82 35.79 USD Million [+]
Terrorism Index 2.86 2.27 2.41 2.54 2.5 2.26 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 93.40 92.1 92.1 92.1 93.62 89 percent [+]
Government Budget -3.20 -3.4 -2.66 -3.4 -2.32 -3.7 percent of GDP [+]
Government Spending 606.00 668 666 664 665 665 JOD Million [+]
Government Revenues 528.00 565 577 578 578 578 JOD Million [+]
Fiscal Expenditure 606.00 668 666 664 665 665 JOD Million [+]
Military Expenditure 1613.30 1633 1673 1713 1726 1713 USD Million [+]
Government Budget Value -78.00 140 -81.43 -120 -81.64 -214 JOD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -2.40 -0.11 0.72 1.07 1.23 1.36 percent [+]
Changes in Inventories 193.70 230 212 193 186 158 JOD Million [+]
Manufacturing Production -1.80 0.41 0.59 0.66 0.69 0.71 percent [+]
Mining Production -0.40 2.29 3.27 3.59 3.7 3.75 percent [+]
Industrial Production Mom -3.70 0.81 0.33 0.31 0.34 0.36 percent [+]
Competitiveness Index 4.29 4.24 4.24 4.24 4.28 4.28 Points [+]
Competitiveness Rank 63.00 63 63 63 60 58 [+]
Ease of Doing Business 118.00 113 112 111 113 110 [+]
Corruption Index 48.00 48 47 46 47 48 Points [+]
Corruption Rank 57.00 59 62 66 65 58 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 12688.40 13623 13542 13461 13619 17976 JOD Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 3077.00 2700 3070 2974 2934 2961 [+]
Building Permits 3397.00 3418 3419 3419 3419 3419 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 20.00 20 20 20 20 17.66 percent [+]
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]
Social Security Rate 21.00 21.04 21.16 21.28 21.42 22.45 percent [+]
Social Security Rate For Companies 13.75 13.65 13.8 13.94 13.98 13.96 percent [+]
Social Security Rate For Employees 7.25 7.25 7.28 7.32 7.35 7.61 percent [+]