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 18.70 18.9 17.9 18 18 18 percent
Inflation Rate 5.30 5.5 5.6 5.5 5.4 3.8 percent
Interest Rate 4.25 5.25 5.25 5.5 4.5 5.5 percent
Balance of Trade -662994.00 -700986 -703418 -703455 -703425 -703418 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
Currency 0.71
 0.73 0.74 0.7 0.7 0.85
Stock Market 1995.15
points		 1976 1965 1955 1945 1904
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 18.70
percent		 18.9 17.9 18 18 18
Population 10.11
Million		 10.17 10.21 10.28 10.34 11.11
Employment Rate 29.00
percent		 29.9 29.18 29.24 29.21 29.2
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.30
percent		 5.5 5.6 5.5 5.4 3.8
Consumer Price Index CPI 125.50
Index Points		 127 128 131 132 139
Producer Prices 121.70
Index Points		 121 125 126 129 139
Export Prices 262.30
Index Points		 229 229 229 229 229
Import Prices 354.10
Index Points		 369 368 369 368 368
Inflation Rate Mom 0.20
percent		 0.22 0.22 0.22 0.22 0.22
Food Inflation 5.40
percent		 3.84 3.77 3.72 3.68 3.6
Core Consumer Prices 129.00
Index Points		 129 130 131 132 137
Core Inflation Rate 2.40
percent		 2.48 2.47 2.46 2.46 2.46
CPI Housing Utilities 131.30
Index Points		 133 135 136 138 148
CPI Transportation 137.89
Index Points		 133 135 140 144 147
Producer Prices Change 9.90
percent		 7.4 7.5 6 5.9 5
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.25
percent		 5.25 5.25 5.5 4.5 5.5
Money Supply M1 10177.90
JOD Million		 10251 10249 10254 10252 10253
Money Supply M2 33504.90
JOD Million		 33820 34070 34317 34563 36903
Foreign Exchange Reserves 11173.90
JOD Million		 10735 10688 10684 10684 10684
Loans to Private Sector 24278.40
JOD Million		 24668 24947 25153 25306 25715
Deposit Interest Rate 4.54
percent		 5.54 5.54 5.79 4.79 5.79
Interbank Rate 3.62
percent		 3.61 3.55 3.49 3.44 3.28
Central Bank Balance Sheet 12418.70
JOD Million		 12352 12303 12323 12307 12313
Banks Balance Sheet 49947.70
JOD Million		 50329 50670 51008 51341 54440
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -662994.00
JOD Thousands		 -700986 -703418 -703455 -703425 -703418
Exports 439041.60
JOD Thousands		 441225 441949 442146 442191 442200
Imports 1102035.10
JOD Thousands		 1142212 1145368 1145601 1145617 1145618
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 11867.20
JOD Million		 11825 12178 12272 12366 12960
Terms of Trade 74.10
Index Points		 62.03 62.34 62.13 62.34 62.26
Capital Flows 809.70
JOD Million		 474 268 674 356 447
Remittances 550.70
JOD Million		 615 583 557 593 579
Tourist Arrivals 818.60
Thousand		 700 600 600 600 600
Gold Reserves 43.50
Tonnes		 44.09 43.65 43.76 43.6 43.5
Foreign Direct Investment 199.90
JOD Million		 159 163 166 178 179
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
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 753.80
JOD Million		 592 613 609 607 607
Fiscal Expenditure 752.10
JOD Million		 701 695 695 695 695
Military Expenditure 1877.18
USD Million		 1886 1905 1901 1898 1776
Government Budget Value -57.30
JOD Million		 -109 -84.75 -86.04 -88.11 -87.73
Government Debt 16478.00
JOD Million		 16514 16639 16760 16878 17900
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -4.80
percent		 0.9 0.5 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
Manufacturing Production -7.90
percent		 -4.06 -2.75 -2.31 -2.16 -2.07
Mining Production 3.50
percent		 4.27 4.36 4.37 4.37 4.37
Industrial Production Mom 5.70
percent		 0.28 0.32 0.32 0.32 0.32
Ease of Doing Business 103.00
 107 106 106 107 108
Competitiveness Index 4.30
Points		 4.26 4.26 4.3 4.32 4.32
Competitiveness Rank 65.00
 60 60 62 63 60
Corruption Index 48.00
Points		 49 50 50 50 49
Corruption Rank 59.00
 59 58 58 57 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 16823764345.00
JOD		 11525256943 11829625828 11942565356 12055504884 13201697332
Bank Lending Rate 9.44
percent		 9.55 9.72 9.87 10 10.81
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 1531.00
 3012 3014 2934 2951 2951
Building Permits 1680.00
 3272 3220 3224 3224 3224
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