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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 18.70 17.9 18 18 17.9 18 percent
Inflation Rate 4.00 4.2 2.5 2.2 2.2 2.5 percent
Interest Rate 4.50 4.25 4.25 4.75 4.75 4.5 percent
Balance of Trade -708545.50 -743595 -743195 -744860 -745700 -746325 JOD Thousands
Government Debt to GDP 95.85 98 95 95 95 90 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 0.71
0.74 0.7 0.7 0.7 0.85
Stock Market 1965.55
points
1971 1961 1952 1942 1904
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 2.10
percent
2.4 2.5 2.3 2.3 2.6
GDP 40.07
USD Billion
41.1 42.1 42.1 42.1 44
GDP Constant Prices 5667.00
JOD Million
6061 5525 5797 5797 6375
Gross National Product 28302.80
JOD Million
28982 29010 28954 28954 30479
Gross Fixed Capital Formation 5063244705.00
JOD
5184762578 5189825823 5179699333 5179699333 5452555565
GDP per capita 3238.30
USD
3291 3310 3310 3310 3338
GDP per capita PPP 8337.49
USD
8400 8580 8580 8580 8600
GDP From Agriculture 303.17
JOD Million
521 409 310 310 548
GDP From Construction 211.50
JOD Million
230 165 216 216 241
GDP From Manufacturing 1332.50
JOD Million
1462 1223 1363 1363 1538
GDP From Mining 160.16
JOD Million
183 165 164 164 193
GDP From Public Administration 913.60
JOD Million
1122 925 935 935 1180
GDP From Services 1636.71
JOD Million
1627 1652 1674 1674 1711
GDP From Transport 616.42
JOD Million
648 588 631 631 681
GDP From Utilities 252.66
JOD Million
283 188 258 258 297
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 18.70
percent
17.9 18 18 17.9 18
Population 10.11
Million
10.21 10.28 10.34 10.41 11.11
Labor Force Participation Rate 35.70
percent
36.66 36.99 37.25 37.45 38.08
Employed Persons 9020.00
Hundred
9029 9040 9079 9066 9083
Employment Rate 29.00
percent
29.18 29.24 29.21 29.48 29.2
Unemployed Persons 2148.00
Hundred
2168 2186 2187 2182 2177
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.00
percent
4.2 2.5 2.2 2.2 2.5
Consumer Price Index CPI 125.10
Index Points
126 127 128 128 132
Producer Prices 123.00
Index Points
125 126 129 130 139
Export Prices 239.90
Index Points
244 244 244 244 244
Import Prices 349.90
Index Points
351 352 351 352 351
Inflation Rate Mom -0.13
percent
0.1 0.1 0.2 0.1 0.3
Food Inflation 2.40
percent
2.4 1.7 1.5 1.3 2
GDP Deflator 239.60
Index Points
240 241 241 242 243
Core Consumer Prices 129.30
Index Points
130 131 132 132 137
Core Inflation Rate 2.40
percent
2.41 2.44 2.45 2.45 2.45
CPI Housing Utilities 131.10
Index Points
134 132 133 134 140
CPI Transportation 137.89
Index Points
133 136 140 141 140
Producer Prices Change 10.00
percent
7.5 6 5.9 5.8 5
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.50
percent
4.25 4.25 4.75 4.75 4.5
Money Supply M1 9950.50
JOD Million
9882 9840 9841 9834 9835
Money Supply M2 33390.90
JOD Million
33576 33757 33937 34114 35627
Foreign Exchange Reserves 10779.30
JOD Million
10661 10654 10652 10652 10652
Loans to Private Sector 24429.30
JOD Million
24578 24687 24766 24823 24966
Deposit Interest Rate 4.57
percent
4.33 4.33 4.83 4.83 4.58
Interbank Rate 3.65
percent
3.59 3.53 3.48 3.43 3.3
Central Bank Balance Sheet 12815.00
JOD Million
12901 12942 12915 12935 12926
Banks Balance Sheet 50274.00
JOD Million
50690 51036 51376 51711 54537
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -708545.50
JOD Thousands
-743595 -743195 -744860 -745700 -746325
Exports 453642.90
JOD Thousands
476044 472854 470909 470024 469392
Imports 1162188.40
JOD Thousands
1217173 1216049 1215769 1215724 1215718
Current Account -823.50
JOD Million
-744 -708 -712 -713 -720
Current Account to GDP -10.60
percent
-9.5 -8.4 -8.4 -8.4 -7.5
External Debt 11867.20
JOD Million
12669 12932 13195 13457 15413
Terms of Trade 68.60
Index Points
69.4 69.36 69.5 69.39 69.45
Capital Flows 952.80
JOD Million
503 740 641 550 598
Remittances 600.70
JOD Million
584 557 594 611 580
Tourist Arrivals 818.60
Thousand
600 600 600 600 600
Gold Reserves 43.50
Tonnes
43.13 43.03 42.87 42.81 42.78
Foreign Direct Investment 193.80
JOD Million
227 239 246 241 238
Terrorism Index 3.79
3.79 3.79 3.79 3.79 3.79
Weapons Sales 77.00
USD Million
99.8 75.78 51.76 27.73 82.25
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 95.85
percent
98 95 95 95 90
Government Budget -2.60
percent of GDP
-3 -2.8 -2.8 -2.8 -2.7
Government Spending 4254915419.00
JOD
4357033389 4361288304 4352778474 4352778474 4582074164
Government Revenues 600.80
JOD Million
603 610 610 610 610
Fiscal Expenditure 602.90
JOD Million
693 679 681 681 681
Military Expenditure 1877.18
USD Million
1905 1901 1898 1894 1776
Government Budget Value 1.70
JOD Million
-80.53 -69.15 -70.58 -70.95 -70.86
Government Debt 16478.00
JOD Million
16706 16836 16962 17085 18059
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -8.80
percent
0.5 0.4 0.3 0.3 1
Internet Speed 5749.74
KBps
5700 5700 5700 5700 5700
IP Addresses 250932.00
IP
196385 189255 183479 179217 145388
Manufacturing Production -7.90
percent
-2.75 -2.31 -2.16 -2.1 -2.07
Mining Production 3.50
percent
4.36 4.37 4.37 4.37 4.37
Industrial Production Mom 0.60
percent
0.51 0.44 0.36 0.34 0.34
Ease of Doing Business 104.00
105 105 106 106 107
Competitiveness Index 59.29
Points
59.79 59.79 59.79 59.79 62.29
Competitiveness Rank 73.00
73 73 73 73 73
Corruption Index 48.00
Points
48 48 48 48 48
Corruption Rank 59.00
59 59 59 59 59
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 16823764345.00
JOD
11829625828 11942565356 12055504884 12055504884 13201697332
Bank Lending Rate 9.45
percent
9.61 9.73 9.84 9.94 10.49
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 2036.00
2998 2881 2879 2887 2885
Building Permits 2209.00
3127 3140 3140 3140 3140
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 20.00
percent
20 20 20 20 20
Sales Tax Rate 16.00
percent
16 16 16 16 16
Social Security Rate 22.75
percent
22.75 22.75 22.75 22.75 22.75
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 10.68
mm
11.63 21.72 8.39 8.39 9.69
Temperature 8.92
celsius
15.9 11.28 27.77 23.4 19.82



Jordan - Economic Forecasts - 2018-2020 Outlook