The economy of Jordan expanded 1.3 percent year-on-year in the first quarter of 2020, the lowest growth rate since 1999 due to the coronavirus lockdown. Still, social and personal services posted the highest growth rate (2.8 percent), followed by finance, insurance and real estate (2.4 percent), agriculture (2.3 percent) and government services (2 percent).
GDP Annual Growth Rate in Jordan averaged 4.27 percent from 1993 until 2020, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -1.10 percent in the first quarter of 1996. This page provides - Jordan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jordan GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
GDP Annual Growth Rate in Jordan is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Jordan to stand at 4.50 in 12 months time. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 3.30 percent in 2021 and 2.80 percent in 2022, according to our econometric models.