Jordan - Economy
How is the economy of Jordan? Based on the information we have, Jordan has a
upper-middle-income Middle Eastern economy; high debt and unemployment, especially for youth and women; global events triggering trade slump and decreased revenue from tourism; growing manufacturing and agricultural sectors; key US foreign assistance recipient; natural-resource-poor and import-reliantÂ
. Key agricultural products in this country include: tomatoes, milk, chicken, potatoes, cucumbers/gherkins, olives, watermelons, peaches/nectarines, sheep milk, chilies/peppers (2022).More about the economy of Jordan
| Labor force | 3.063 million (2023 est.) |
|---|---|
| Industrial production growth rate | 3.28% (2023 est.) |
| Industries | tourism, information technology, clothing, fertilizer, potash, phosphate mining, pharmaceuticals, petroleum refining, cement, inorganic chemicals, light manufacturing |
| Population below poverty line | 15.7% (2018 est.) |
| Taxes and other revenues | 17.51% (of GDP) (2022 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Jordanian dinars (JOD) per US dollar - |
| Exchange rates 2023 | 0.71 (2023 est.) |
| Exchange rates 2022 | 0.71 (2022 est.) |
| Exchange rates 2021 | 0.71 (2021 est.) |
| Exchange rates 2020 | 0.71 (2020 est.) |
| Exchange rates 2019 | 0.71 (2019 est.) |
| Debt - external | |
| Debt - external 2022 | $16.293 billion (2022 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 31 December 2017 | $15.56 billion (31 December 2017 est.) |
| Reserves of foreign exchange and gold 2016 | $15.543 billion (2016 est.) |
| Reserves of foreign exchange and gold 2015 | $16.572 billion (2015 est.) |
| Current account balance | |
| Current account balance 2022 | -$4.159 billion (2022 est.) |
| Current account balance 2021 | -$3.718 billion (2021 est.) |
| Current account balance 2020 | -$2.505 billion (2020 est.) |
| Public debt | |
| Public debt 2022 | 101.14% of GDP (2022 est.) |
| Budget | |
| Revenues | $16.073 billion (2018 est.) |
| Expenditures | $14.464 billion (2018 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 9.72% of GDP (2023 est.) |
| Remittances 2022 | 10.1% of GDP (2022 est.) |
| Remittances 2021 | 10.96% of GDP (2021 est.) |
| Average household expenditures | |
| On food | 26.1% of household expenditures (2022 est.) |
| On alcohol and tobacco | 4.5% of household expenditures (2022 est.) |
| Imports | |
| Imports 2022 | $29.955 billion (2022 est.) |
| Imports 2021 | $23.321 billion (2021 est.) |
| Imports 2020 | $18.424 billion (2020 est.) |
| Imports (partners) | China 17%, UAE 12%, Saudi Arabia 12%, India 6%, US 4% (2022) |
| Comodities Imports force | refined petroleum, cars, gold, crude petroleum, jewelry (2022) |
| Exports | |
| Imports 2022 | $29.955 billion (2022 est.) |
| Imports 2021 | $23.321 billion (2021 est.) |
| Imports 2020 | $18.424 billion (2020 est.) |
| Exports (partners) | US 20%, India 14%, Saudi Arabia 7%, China 6%, Iraq 6% (2022) |
| Comodities Exports force | fertilizers, garments, phosphates, jewelry, phosphoric acid (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $106.806 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $104.084 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $101.617 billion (2021 est.) |
| GDP (official exchange rate) | $50.814 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $9,400 (2023 est.) |
| Real GDP per capita 2022 | $9,200 (2022 est.) |
| Real GDP per capita 2021 | $9,100 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 4.8% (2023 est.) |
| Industry | 24.1% (2023 est.) |
| Services | 60.6% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 78.9% (2021 est.) |
| Government consumption | 15.8% (2021 est.) |
| Investment in fixed capital | 22.2% (2021 est.) |
| Investment in inventories | 3% (2021 est.) |
| Exports of goods and services | 30.3% (2021 est.) |
| Imports of goods and services | -50.2% (2021 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 17.94% (2023 est.) |
| Unemployment rate 2022 | 18.2% (2022 est.) |
| Unemployment rate 2021 | 19.84% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 40.8% (2023 est.) |
| Male | 39.3% (2023 est.) |
| Female | 47.1% (2023 est.) |
All Important Facts about Jordan
Want to know more about Jordan? Check all different factbooks for Jordan below.
