Jordan - Economy
How is the economy of Jordan? Based on the information we have, Jordan has a low growth, upper middle-income Middle Eastern economy; high debt and unemployment, especially for youth and women; key US foreign assistance recipient; natural resource-poor and import-reliant. 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.

Jordan is found in Western Asia