Jordan's gross domestic product expanded by 3.2 percent from a year earlier in the second quarter of 2021, quickening from a 0.3 percent rise in the previous three-month period. It was the fastest pace of economic growth since the last quarter of 2014, helped by a low base effect from the Covid-19 last year and amid the gradual recovery in economic activities. The construction sector recorded the highest growth rate (5.7%), followed by the mining sector (5.4%), transportation and storage and communications (4.3%), manufacturing (3.9%) and wholesale and retail trade, hotels and restaurants (3.8%). source: Central Bank of Jordan

GDP Annual Growth Rate in Jordan averaged 4.05 percent from 1993 until 2021, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -3.60 percent in the second quarter of 2020. 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 October of 2021.

GDP Annual Growth Rate in Jordan is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 2.80 percent in 2022, according to our econometric models.

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Jordan GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-19 10:15 AM Q1 0.3% -1.6% -2.3%
2021-10-10 02:30 PM Q2 3.2% 0.3% 4.5%
2021-12-31 10:00 AM Q3 3.2%


Related Last Previous Unit Reference
GDP Annual Growth Rate 3.20 0.30 percent Jun/21

News Stream
Jordan Economy Grows the Most since 2014
Jordan's gross domestic product expanded by 3.2 percent from a year earlier in the second quarter of 2021, quickening from a 0.3 percent rise in the previous three-month period. It was the fastest pace of economic growth since the last quarter of 2014, helped by a low base effect from the Covid-19 last year and amid the gradual recovery in economic activities. The construction sector recorded the highest growth rate (5.7%), followed by the mining sector (5.4%), transportation and storage and communications (4.3%), manufacturing (3.9%) and wholesale and retail trade, hotels and restaurants (3.8%).
2021-10-11
Jordan GDP Contraction Continues to Ease in Q4
Jordan's gross domestic product shrank 1.6 percent from a year earlier in the fourth quarter of 2020, the 3rd consecutive decline, but less than a 2.2 percent contraction in the previous three-month period. Transport & communications (-5.7 percent vs -6.3 percent in Q3), trade, restaurants & hotels (-3.5 percent vs -4.0 percent), construction (-3.0 percent vs -4.1 percent) and manufacturing (-2.4 percent vs -3.2 percent) continued to fall although at a slower pace. Also, output continued to grow in agriculture (1.5 percent vs 1.9 percent) and mining (3.0 percent vs 4.1 percent). Considering full 2020, the economy shrunk by 1.6 percent, following a 2 percent rise in 2019, due to the coronavirus pandemic.
2021-04-26
Jordan Economic Contraction Eases in Q3
Jordan's gross domestic product shrank 2.2 percent from year earlier in the third quarter of 2020, easing from a record 3.6 percent contraction in the previous three-month period. The hotel and restaurant sectors were the most hard-hit by the coronavirus pandemic (-9.1 percent vs -13.4 percent in Q2), followed by the transport, storage and telecommunications (-6.3 percent vs -9.2 percent), social and personal services (-4.5 percent vs -6.4 percent), construction (-4.1 percent vs -6.3 percent) and manufacturing (-3.2 percent vs -5.3 percent).
2021-01-11

Jordan GDP Annual Growth Rate
The Jordanian economy is dominated by tourism, financial services, transportation, manufacturing and remittances from Jordanians working abroad. Jordan's lack of arable land and insufficient supplies of water means that agriculture is mostly a non-relevant sector and that the country invests heavily in water recycling. Jordan’s economy is highly influenced by the state, however, recently, the efforts have been undertaken to reduce barriers to do business.