29, Mar 2015, EDT. Welcome to the Jordan economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Jordan › Change country
National or Regional Currency: Jordanian Diniar, JOD
Year of data: 2014 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 7,930,491 (July 2014 est.)
Area: total: 89,342 sq km ; land: 88,802 sq km ; water: 540 sq km
Natural Resources: phosphates, potash, shale oil
Capital: name: Amman ; geographic coordinates: 31 57 N, 35 56 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Friday in March; ends last Friday in October
Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and eliminating some fuel subsidies, which in the last decade spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown and regional turmoil, however, have depressed Jordan's GDP growth, impacting export-oriented sectors, construction, and tourism. In 2011 and 2012, the government approved two economic relief packages and a budgetary supplement, meant to improve the living conditions for the middle and poor classes. Jordan's finances have also been strained by a series of natural gas pipeline attacks in Egypt, causing Jordan to substitute more expensive diesel imports, primarily from Saudi Arabia, to generate electricity. Jordan is currently exploring nuclear power generation in addition to the exploitation of abundant oil shale reserves and renewable technologies to forestall energy shortfalls. In 2012, to correct budgetary and balance of payments imbalances, Jordan entered into a $2.1 billion, multiple year International Monetary Fund Stand-By Arrangement. Jordan's financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. In 2013, Jordan depended heavily on foreign assistance to finance the budget deficit, as the influx of about 600,000 Syrian refugees put additional pressure on expenditures.
More on the Jordan Economy
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GDP (Constant Prices, National Currency) for Jordan in year 2014 is JOD 11.199 Billion.
GDP (Current Prices, National Currency) for Jordan in year 2014 is JOD 25.914 Billion.
GDP (Current Prices, US Dollars) for Jordan in year 2014 is US$ 36.55 Billion.
GDP Deflator for Jordan in year 2014 is 231.397 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, US Dollars) for Jordan in year 2014 is US$ 5,460.00 .
GDP (PPP), US Dollars for Jordan in year 2014 is US$ 80.153 Billion.
GDP Per Capita (PPP), US Dollars for Jordan in year 2014 is US$ 11,973.64 .
Investment (% of GDP) for Jordan in year 2014 is 21.672 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Jordan in year 2014 is 147.894 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Jordan in year 2014 is 149.948 (Index, Base Year 2000 = 100).
Population for Jordan in year 2014 is 6.694 Million .
General government revenue (National Currency) for Jordan in year 2014 is JOD 7.332 Billions.
General government total expenditure (National Currency) for Jordan in year 2014 is JOD 9.998 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Jordan in year 2014 is JOD -2.667 Billions.
General Government Structural Balance (National Currency) for Jordan in year 2014 is JOD -1.053 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Jordan in year 2014 is JOD 25.914 Billions.
Current Account Balance (US Dollars) for Jordan in year 2014 is US$ -3.65 Billion.
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|Corruption Perceptions Index Rank and Score for Jordan|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International