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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 18.50 17.3 17 17.4 16.9 15.9 percent
Inflation Rate 3.00 3.3 3.5 3.5 3.8 3.3 percent
Interest Rate 5.00 5 5 5.25 5.25 5.75 percent
Balance of Trade -785900.00 -759438 -756333 -750913 -746086 -693696 JOD Thousands
Government Debt to GDP 95.00 101 101 97.67 101 90 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 2228.66
points
2115 2088 2061 2034 1833
Currency 0.71
0.72 0.72 0.73 0.74 0.85
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 1.90
percent
2.4 2.4 3.6 2.6 3.1
GDP 38.65
USD Billion
39.15 39.3 39.45 39.6 40.6
GDP Constant Prices 2482.75
JOD Million
2487 2467 2506 2536 2729
Gross National Product 27228.80
JOD Million
27543 27704 27866 28028 29590
Gross Fixed Capital Formation 4582535659.00
JOD
4989952725 4783864529 4577776333 4371688136 3791435110
GDP per capita 3258.50
USD
3275 3265 3256 3247 3210
GDP per capita PPP 8389.50
USD
8440 8415 8390 8366 8276
GDP From Agriculture 92.50
JOD Million
106 81.49 91.85 123 113
GDP From Construction 158.57
JOD Million
106 130 156 144 141
GDP From Manufacturing 523.12
JOD Million
437 464 517 494 491
GDP From Mining 39.87
JOD Million
39.14 39.94 40.39 40.88 41.04
GDP From Public Administration 312.79
JOD Million
316 316 311 371 359
GDP From Services 635.65
JOD Million
629 627 627 627 621
GDP From Transport 449.78
JOD Million
425 434 440 446 437
GDP From Utilities 85.03
JOD Million
56.09 70.59 84.29 79.53 79.47
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 18.50
percent
17.3 17 17.4 16.9 15.9
Population 9.80
Million
10.11 10.08 10.05 10.02 9.98
Employment Rate 33.10
percent
31.93 31.72 31.8 31.84 32.21
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 3.00
percent
3.3 3.5 3.5 3.8 3.3
Consumer Price Index CPI 121.70
Index Points
122 122 122 122 122
Producer Prices 114.70
Index Points
115 114 113 112 104
Export Prices 213.30
Index Points
213 212 210 209 196
Import Prices 335.80
Index Points
334 332 331 329 310
Producer Prices Change 6.30
percent
2 1.5 2 2.5 5.58
Inflation Rate Mom 0.70
percent
0.36 0.33 0.32 0.31 0.31
Food Inflation -1.30
percent
-0.67 0.59 1.47 2.07 3.32
CPI Housing Utilities 128.30
Index Points
128 128 128 128 125
CPI Transportation 128.80
Index Points
128 127 125 123 112
Core Consumer Prices 124.50
Index Points
124 123 123 123 124
Core Inflation Rate 2.30
percent
2.01 2.33 2.57 2.59 2.45
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.00
percent
5 5 5.25 5.25 5.75
Money Supply M1 10135.50
JOD Million
10088 10064 10051 10040 9916
Money Supply M2 32959.30
JOD Million
33095 33147 33162 33157 32876
Foreign Exchange Reserves 11978.50
JOD Million
12000 11959 11918 11877 11408
Loans to Private Sector 23289.40
JOD Million
23526 23643 23699 23718 23292
Deposit Interest Rate 3.03
percent
2.8 2.88 2.96 3.04 4.77
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -785900.00
JOD Thousands
-759438 -756333 -750913 -746086 -693696
Exports 445100.00
JOD Thousands
445170 443467 441492 439519 417265
Imports 1231000.00
JOD Thousands
1216543 1215093 1211767 1208316 1168148
Current Account -712.30
JOD Million
-610 -622 -576 -547 -360
Current Account to GDP -9.30
percent
-10 -10 -7.16 -10.8 -8
External Debt 10299.00
JOD Million
9954 9910 9867 9823 5017
Terms of Trade 63.50
Index Points
68.43 70.17 71.69 73.01 80.2
Capital Flows 1010.40
JOD Million
584 626 640 542 396
Remittances 617.60
JOD Million
568 602 606 579 581
Tourist Arrivals 479.70
Thousand
700 700 700 700 700
Gold Reserves 43.54
Tonnes
41.42 43.31 42.34 42.56 38.15
Terrorism Index 3.79
2.89 2.91 2.92 2.93 1.74
Weapons Sales 20.00
USD Million
12.62 23.1 33.57 44.05 36.1
Foreign Direct Investment 240.30
JOD Million
297 291 309 343 592
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 95.00
percent
101 101 97.67 101 90
Government Budget -3.20
percent of GDP
-2.66 -2.57 -2.48 -3.2 -3.7
Government Spending 3785590798.00
JOD
3747374985 3667869635 3588364285 3508858935 3044970083
Government Revenues 623.60
JOD Million
543 521 499 482 389
Fiscal Expenditure 652.40
JOD Million
632 626 608 595 497
Military Expenditure 1766.40
USD Million
1655 1689 1723 1757 1547
Government Budget Value -28.80
JOD Million
-59.56 -59.11 -58.94 -235 -214
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 0.10
percent
1.65 2.28 2.54 2.66 2.77
Internet Speed 5749.74
KBps
6235 6441 6386 6320 5503
IP Addresses 250932.00
IP
236767 234566 232979 232108 228607
Industrial Production Mom -4.20
percent
1.12 0.51 0.35 0.34 0.36
Manufacturing Production -0.80
percent
1.12 1.77 2.01 2.1 2.17
Mining Production 13.60
percent
7.89 5.46 4.74 4.56 4.5
Ease of Doing Business 103.00
110 109 107 106 108
Corruption Index 48.00
Points
49 48 47 47 49
Corruption Rank 57.00
52 55 58 60 55
Competitiveness Index 4.30
Points
4.29 4.29 4.29 4.29 4.27
Competitiveness Rank 65.00
60 60 60 60 60
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 11440066275.00
JOD
10885096691 11153282609 11421468527 11689654445 11833793533
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 4065.00
2818 2463 2241 2103 1877
Building Permits 4344.00
3018 2961 2952 2950 2950
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 20.00
percent
21 21 21 21 17
Personal Income Tax Rate 20.00
percent
22 22 22 22 21
Sales Tax Rate 16.00
percent
16 16 16 16 16
Social Security Rate 22.75
percent
23 23 23 23 23
Social Security Rate For Companies 15.25
percent
15.47 15.47 15.47 15.47 16.36
Social Security Rate For Employees 7.50
percent
7.51 7.51 7.51 7.51 7.26
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 10.68
mm
21.67 4.28 0.33 11.63 9.69
Temperature 8.92
celsius
11.26 22.84 27.55 15.9 19.82