Economy of Jordan
Population: 9.96 M (2018)
GDP per Capita: 4,242 USD (2018)
42,230 M.

GDP USD

(2018)

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15,050 M.

EXPORTS USD

(2018)

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23,040 M.

IMPORTS USD

(2018)

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94.40 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.94 % (2018)
GDP of 2010 USD USD 32.50 B. (2018)
GDP Current USD USD 42.23 B. (2018)
GDP per Capita Current USD USD 4,242 (2018)
GDP per capita, PPP USD 8,411 (2018)
GDP per Capita, 2010 USD USD 3,267 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.45 % (2018)
Government Spending USD 6.53 B. (2018)
Government Debt % GDP 94.40 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 83.80 (2018)
Trade Openness 90.20 % (2018)
Exports of Goods and Services % GDP 35.64 % (2018)
Exports Goods & Services USD 15.05 B. (2018)
Exports Annual Growth 3.08 % (2018)
Imports as % GDP 54.56 % (2018)
Total Imports USD 23.04 B. (2018)
Foreign Direct Investment % GDP 2.25 % (2018)
Foreign Direct Investment USD 0.95 B. (2018)
Current Account Balance % GDP USD -6.75 % (2018)
Current Account Balance USD -2.85 B. (2018)
Trade Balance % GDP -18.92 % (2018)
Trade Balance USD -7.71 B. (2018)
Foreign Exchange Reserves incl Gold USD 15.54 B. (2016)
Remittances % GDP 10.58 % (2018)
Remittances USD 4,103 M. (2018)
Balance of Payments USD 1,024 M. (2017)

Labor Market

Indicator Value
Labor Force 2.63 M. (2019)
Unemployment Rate 14.94 % (2019)
Unemployment Rate Females 23.34 % (2019)
Unemployment Rate Males 12.81 % (2019)
Youth Unemployment (ages 15-24) 36.68 % (2019)
Labor Force Participation Rate 39.21 % (2019)
Labor Force (Percent Female) 18.12 % (2019)
Female Labor Force Participation Rate 14.15 % (2019)
Male Labor Force Participation Rate 63.75 % (2019)
Dependent People 61.53 % (2018)

Agriculture Sector

Indicator Value
Forest Area 1.10 % (2016)
Forest Area km² 975 km² (2016)
Agricultural Land 12.01 % (2016)
Agricultural Land km² 10,660 km² (2016)
Employment 3.42 % (2019)
Value added % GDP 5.63 % (2018)
Agriculture Value added USD 2.38 B. (2018)
Crop Production Index 141.90 (2016)
Precipitation 111 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 1,601 kg/hectare (2017)
Food production index 146 (2016)
Rural Population 9 % (2018)
Fertilizer use of Arable Land 112 kg/hectare (2016)
Livestock Production Index 152 (2016)
Economy of Jordan

According to the World Bank and its latest published data, the economy of the Jordan presents a growth rate of 1.94 % (2018) to the previous year.

With a population that reaches 9.96 M (2018) and a gross domestic product of USD 42.23 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,242 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Jordan also has a workforce of 2.63 M. (2019) with an unemployment rate of 14.94 % (2019), where women represent 23.34 % (2019) and men 12.81 % (2019), the unemployment rate for young people between 15-24 years old stood at 36.68 % (2019). The total number of dependent people stands at 61.53 % (2018).

The central government spent 15.45 % (2018) of its gross domestic product that year, which in absolute terms is USD 6.53 B. (2018). Its consolidated public debt reached 94.40 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Jordan exported USD 15.05 B. (2018), which represents 35.64 % (2018) of its gross domestic product, in that same sense its imports reached USD 23.04 B. (2018) with a direct foreign investment of USD 0.95 B. (2018).

Jordan has a forest area of 975 km² (2016), which represents 1.10 % (2016) of its total area, an average rainfall of 111 mm (2014) per year and a population of 9 % (2018) living in rural areas. With a total area of 10,660 km² (2016) available for agriculture and 3.42 % (2019) of its employments, the agricultural sector contributes to the economy of the Jordan about USD 2.38 B. (2018) (5.63 % (2018) of its GDP).