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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 18.20 17.8 17.5 17.3 17 15.9 percent [+]
Inflation Rate 3.20 3.9 4.1 3.3 3.5 3.3 percent [+]
Interest Rate 4.75 4.75 5 5 5 5.75 percent [+]
Balance of Trade -649845.00 -740180 -743745 -743812 -743799 -743805 JOD Thousands [+]
Government Debt to GDP 95.00 98 98 101 101 90 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Stock Market 2131.49 2150 2130 2110 2090 1850 points [+]
Currency 0.71 0.7 0.7 0.69 0.68 0.6 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 2.20 2.5 2.2 2.4 2.4 3.1 percent [+]
GDP 38.65 39.75 39.95 40.26 40.57 43.63 USD Billion [+]
GDP Constant Prices 2147.13 2264 2262 2201 2213 2228 JOD Million [+]
Gross National Product 27228.80 27974 28125 28330 28535 30439 JOD Million [+]
Gross Fixed Capital Formation 4582535659.00 4676791569 4466634992 4510108294 4553581595 4603175997 JOD [+]
GDP per capita 3258.50 3247 3236 3235 3233 3229 USD [+]
GDP per capita PPP 8389.50 8387 8365 8357 8348 8383 USD [+]
GDP From Agriculture 104.55 101 101 101 101 101 JOD Million [+]
GDP From Construction 101.64 156 145 103 131 141 JOD Million [+]
GDP From Manufacturing 425.09 464 465 465 465 465 JOD Million [+]
GDP From Mining 46.85 46.55 48.93 46.86 48.16 47.89 JOD Million [+]
GDP From Public Administration 312.33 312 346 313 346 346 JOD Million [+]
GDP From Services 600.91 624 604 612 614 615 JOD Million [+]
GDP From Transport 407.85 440 451 414 443 455 JOD Million [+]
GDP From Utilities 53.06 66.48 66.61 66.62 66.62 66.62 JOD Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 18.20 17.8 17.5 17.3 17 15.9 percent [+]
Population 9.80 10.01 9.99 10 10.01 10.35 Million [+]
Employment Rate 33.10 31.24 32.03 33 31.29 31.85 percent [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 3.20 3.9 4.1 3.3 3.5 3.3 percent [+]
Consumer Price Index CPI 119.10 119 119 120 121 127 Index Points [+]
Producer Prices 110.60 108 108 108 109 109 Index Points [+]
Export Prices 223.80 227 227 227 227 227 Index Points [+]
Import Prices 310.40 386 386 386 386 386 Index Points [+]
Producer Prices Change 0.20 -0.03 1.55 3.6 5.23 5.35 percent [+]
Inflation Rate Mom 0.49 0.15 0.2 0.22 0.23 0.23 percent [+]
Food Inflation -3.30 -2.67 -0.88 0.4 1.33 3.55 percent [+]
Core Consumer Prices 125.00 126 126 127 128 135 Index Points [+]
Core Inflation Rate 3.00 2.55 2.26 2.26 2.39 2.42 percent [+]
CPI Housing Utilities 126.10 126 127 127 127 127 Index Points [+]
CPI Transportation 121.18 121 120 120 120 120 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 4.75 4.75 5 5 5 5.75 percent [+]
Money Supply M1 10527.20 10658 10789 10910 11032 12201 JOD Million [+]
Money Supply M2 32880.70 33256 33591 33922 34251 37421 JOD Million [+]
Foreign Exchange Reserves 11113.70 11083 11069 11066 11066 11066 JOD Million [+]
Loans to Private Sector 22446.30 22781 23023 23188 23305 23571 JOD Million [+]
Deposit Interest Rate 3.03 2.71 2.75 2.83 2.9 3.74 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -649845.00 -740180 -743745 -743812 -743799 -743805 JOD Thousands [+]
Exports 423007.00 419606 423238 423737 423872 423881 JOD Thousands [+]
Imports 1072852.00 1157065 1163692 1164217 1164261 1164265 JOD Thousands [+]
Current Account -788.20 -688 -635 -627 -632 -646 JOD Million [+]
Current Account to GDP -9.30 -9.5 -10 -10 -10 -8 percent [+]
External Debt 10299.00 10266 10199 10167 10134 9241 JOD Million [+]
Terms of Trade 72.10 59.18 59.28 59.26 59.26 59.26 Index Points [+]
Capital Flows 980.60 395 657 660 404 537 JOD Million [+]
Remittances 546.10 624 590 557 594 588 JOD Million [+]
Tourist Arrivals 638.50 555 545 556 555 554 Thousand [+]
Gold Reserves 40.43 43.87 41.45 43.32 41.95 41.5 Tonnes [+]
Foreign Direct Investment 336.50 372 389 383 374 371 JOD Million [+]
Terrorism Index 2.86 2.41 2.54 2.5 2.46 2.26 [+]
Weapons Sales 20.00 21.12 28.45 41.82 55.19 35.79 USD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 95.00 98 98 101 101 90 percent [+]
Government Budget -3.20 -2.66 -3.4 -2.32 -2.35 -3.7 percent of GDP [+]
Government Spending 3785590798.00 3634507805 3595675694 3650890069 3706104445 3833900884 JOD [+]
Government Revenues 653.60 549 558 539 515 405 JOD Million [+]
Fiscal Expenditure 891.40 696 691 684 687 686 JOD Million [+]
Military Expenditure 1766.40 1785 1811 1811 1811 1735 USD Million [+]
Government Budget Value -78.00 -81.43 -120 -81.64 -81.64 -214 JOD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production -2.60 -1.13 0.09 0.61 0.85 1.05 percent [+]
Changes in Inventories 193.70 212 193 186 178 158 JOD Million [+]
Manufacturing Production -9.30 -2.54 -1.15 -0.67 -0.49 -0.39 percent [+]
Mining Production 2.10 10.2 6.49 5.27 4.88 4.69 percent [+]
Industrial Production Mom 3.20 -0.32 0.3 0.4 0.37 0.35 percent [+]
Competitiveness Index 4.29 4.24 4.24 4.27 4.28 4.28 Points [+]
Competitiveness Rank 63.00 63 63 61 60 58 [+]
Ease of Doing Business 118.00 112 111 113 116 110 [+]
Corruption Index 48.00 47 46 47 48 48 Points [+]
Corruption Rank 57.00 62 66 65 65 58 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Spending 11440066275.00 11477460444 11766737190 11842913091 11919088992 12708578800 JOD [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 3265.00 3102 3074 3090 3094 3092 [+]
Building Permits 3586.00 3455 3453 3457 3457 3457 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 21.16 21.28 21.42 21.55 22.45 percent [+]
Social Security Rate For Companies 13.75 13.8 13.94 13.98 14.02 13.96 percent [+]
Social Security Rate For Employees 7.25 7.28 7.32 7.35 7.39 7.61 percent [+]