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, olives, cucumbers/gherkins, onions, chillies/peppers, peaches/nectarines, sheep milk (2023).More about the economy of Jordan
| Labor force | 3.08 million (2024 est.) |
|---|---|
| Industrial production growth rate | 3.7% (2024 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% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Jordanian dinars (JOD) per US dollar - |
| Exchange rates 2024 | 0.71 (2024 est.) |
| 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.) |
| Debt - external | |
| Debt - external 2023 | $21.058 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $21.939 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $19.069 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $18.198 billion (2022 est.) |
| Current account balance | |
| Current account balance 2023 | -$1.91 billion (2023 est.) |
| Current account balance 2022 | -$3.815 billion (2022 est.) |
| Current account balance 2021 | -$3.718 billion (2021 est.) |
| Public debt | |
| Public debt 2023 | 102.8% of GDP (2023 est.) |
| Budget | |
| Revenues | $13.779 billion (2023 est.) |
| Expenditures | $17.159 billion (2023 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 8.8% of GDP (2023 est.) |
| Remittances 2022 | 10.1% of GDP (2022 est.) |
| Remittances 2021 | 11% of GDP (2021 est.) |
| Average household expenditures | |
| On food | 25% of household expenditures (2023 est.) |
| On alcohol and tobacco | 4.5% of household expenditures (2023 est.) |
| Imports | |
| Imports 2023 | $28.922 billion (2023 est.) |
| Imports 2022 | $30.019 billion (2022 est.) |
| Imports 2021 | $23.321 billion (2021 est.) |
| Imports (partners) | China 17%, Saudi Arabia 14%, UAE 8%, India 6%, USA 5% (2023) |
| Comodities Imports force | cars, refined petroleum, gold, crude petroleum, jewelry (2023) |
| Exports | |
| Imports 2023 | $28.922 billion (2023 est.) |
| Imports 2022 | $30.019 billion (2022 est.) |
| Imports 2021 | $23.321 billion (2021 est.) |
| Exports (partners) | USA 21%, India 13%, Saudi Arabia 11%, China 7%, Iraq 6% (2023) |
| Comodities Exports force | fertilizers, garments, phosphates, jewelry, phosphoric acid (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $109.986 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $107.315 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $104.307 billion (2022 est.) |
| GDP (official exchange rate) | $53.352 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $9,500 (2024 est.) |
| Real GDP per capita 2023 | $9,400 (2023 est.) |
| Real GDP per capita 2022 | $9,300 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 5.1% (2024 est.) |
| Industry | 25.1% (2024 est.) |
| Services | 60.4% (2024 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% (2021 est.) |
| Imports of goods and services | -50.4% (2021 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 18% (2024 est.) |
| Unemployment rate 2023 | 18% (2023 est.) |
| Unemployment rate 2022 | 18.2% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 41.7% (2024 est.) |
| Male | 39.8% (2024 est.) |
| Female | 49.2% (2024 est.) |
All Important Facts about Jordan
Want to know more about Jordan? Check all different factbooks for Jordan below.
