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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18.40 19 17.9 18 18 18 percent
Inflation Rate 5.10 5.4 5.8 5.5 5.5 3.3 percent
Interest Rate 5.25 5 5 5 5.5 5.5 percent
Balance of Trade -778618.00 -719146 -719938 -719983 -720023 -720038 JOD Thousands
Government Debt to GDP 95.60 101 101 95 95 90 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 2023.87
points
2026 1995 1965 1935 1820
Currency 0.71
0.73 0.74 0.7 0.7 0.85
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.90
percent
2.7 2.6 2.6 1.9 3.1
GDP 40.07
USD Billion
41.1 41.1 42.1 42.1 44
GDP Constant Prices 2194.50
JOD Million
2550 2460 2252 2236 2607
Gross National Product 28302.80
JOD Million
27964 29039 29039 28841 30777
Gross Fixed Capital Formation 5063244705.00
JOD
5199952312 5194889067 5194889067 5159446354 5505896686
GDP per capita 3238.30
USD
3291 3291 3310 3310 3338
GDP per capita PPP 8337.49
USD
8400 8400 8580 8580 8600
GDP From Agriculture 108.17
JOD Million
95 141 111 110 150
GDP From Construction 100.99
JOD Million
163 144 104 103 153
GDP From Manufacturing 427.12
JOD Million
537 524 438 435 556
GDP From Mining 48.19
JOD Million
40.95 54.89 49.45 49.11 58.17
GDP From Public Administration 315.31
JOD Million
321 393 324 321 416
GDP From Services 618.96
JOD Million
653 627 635 631 664
GDP From Transport 419.85
JOD Million
462 475 431 428 504
GDP From Utilities 54.39
JOD Million
87.32 83.89 55.81 55.43 88.91
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18.40
percent
19 17.9 18 18 18
Population 10.11
Million
10.17 10.21 10.28 10.34 11.11
Employment Rate 33.10
percent
32.02 32.48 32.22 31.47 31.84
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.10
percent
5.4 5.8 5.5 5.5 3.3
Consumer Price Index CPI 125.10
Index Points
126 128 131 132 137
Producer Prices 120.60
Index Points
119 122 125 122 135
Export Prices 228.70
Index Points
229 229 229 229 229
Import Prices 369.50
Index Points
369 368 369 368 368
Producer Prices Change 7.80
percent
5.2 5.1 5 4.9 5
Inflation Rate Mom 0.11
percent
0.22 0.22 0.22 0.22 0.22
Food Inflation 4.00
percent
3.84 3.77 3.72 3.68 3.6
CPI Housing Utilities 130.60
Index Points
133 136 136 138 146
CPI Transportation 136.68
Index Points
132 135 140 144 145
Core Consumer Prices 128.10
Index Points
129 130 131 131 137
Core Inflation Rate 2.50
percent
2.49 2.47 2.45 2.45 2.45
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.25
percent
5 5 5 5.5 5.5
Money Supply M1 10184.00
JOD Million
10161 10148 10152 10149 10150
Money Supply M2 33585.30
JOD Million
33945 34212 34477 34740 37248
Foreign Exchange Reserves 11132.30
JOD Million
11064 11050 11050 11050 11050
Loans to Private Sector 24140.40
JOD Million
24643 24911 25109 25254 25643
Deposit Interest Rate 3.03
percent
2.78 2.78 2.78 3.28 3.28
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -778618.00
JOD Thousands
-719146 -719938 -719983 -720023 -720038
Exports 442073.00
JOD Thousands
440782 440183 439998 439948 439933
Imports 1220691.00
JOD Thousands
1159927 1160023 1159981 1159972 1159970
Current Account -654.00
JOD Million
-687 -691 -690 -685 -684
Current Account to GDP -10.60
percent
-10 -10.8 -9 -9 -8
External Debt 11453.40
JOD Million
11825 12178 12272 12366 12960
Terms of Trade 61.90
Index Points
62.03 62.34 62.13 62.34 62.26
Capital Flows 809.70
JOD Million
474 268 674 356 447
Remittances 591.60
JOD Million
620 590 573 606 593
Tourist Arrivals 682.80
Thousand
600 600 600 600 600
Gold Reserves 43.50
Tonnes
44.09 43.65 43.76 43.6 43.5
Terrorism Index 3.79
2.89 2.92 2.86 2.8 1.79
Weapons Sales 77.00
USD Million
88.8 99.8 75.78 51.76 82.25
Foreign Direct Investment 176.20
JOD Million
160 181 172 179 179
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 95.60
percent
101 101 95 95 90
Government Budget -2.60
percent of GDP
-2.49 -3.2 -2.62 -2.7 -3.7
Government Spending 4254915419.00
JOD
4369798135 4365543220 4365543220 4335758812 4626899561
Government Revenues 546.80
JOD Million
615 626 625 624 624
Fiscal Expenditure 604.10
JOD Million
700 706 704 705 704
Military Expenditure 1877.18
USD Million
1886 1905 1901 1898 1776
Government Budget Value -270.30
JOD Million
-85.19 -79.96 -79.41 -80.47 -80.3
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -8.80
percent
0.3 0.3 0.4 -0.3 1
Internet Speed 5749.74
KBps
5700 5700 5700 5700 5700
IP Addresses 250932.00
IP
204154 196385 189255 183479 145388
Industrial Production Mom 1.20
percent
0.3 0.3 0.3 0.32 0.32
Manufacturing Production -7.40
percent
-1.92 -1.49 -1.32 -1.26 -1.23
Mining Production -4.80
percent
3.63 4.19 4.39 4.46 4.48
Ease of Doing Business 103.00
107 106 106 107 108
Corruption Index 48.00
Points
49 50 50 50 49
Corruption Rank 59.00
59 58 58 57 60
Competitiveness Index 4.30
Points
4.26 4.26 4.3 4.32 4.32
Competitiveness Rank 65.00
60 60 62 63 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 16823764345.00
JOD
11525256943 11829625828 11942565356 12055504884 13201697332
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 3155.00
3252 3219 3247 3240 3240
Building Permits 3708.00
3534 3573 3567 3568 3568
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 20.00
percent
20 20 18.5 18 18
Sales Tax Rate 16.00
percent
16 16 16 16 16
Social Security Rate 22.75
percent
22.75 22.75 23.75 24 25
Social Security Rate For Companies 15.25
percent
15.47 15.47 15.84 15.96 16.36
Social Security Rate For Employees 7.50
percent
7.63 7.63 7.63 7.63 7.78
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 10.68
mm
0.33 11.63 21.72 8.39 9.69
Temperature 8.92
celsius
27.55 15.9 11.28 27.77 19.82