| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Jordan Economy 2011
https://theodora.com/wfb2011/jordan/jordan_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 13, 2011

Economy - overview:
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 most fuel subsidies, which in the past few years have spurred economic growth by attracting foreign investment and creating some jobs. The global economic slowdown, however, has depressed Jordan's GDP growth. Export-oriented sectors such as manufacturing, mining, and the transport of re-exports have been hit the hardest. The Government approved two supplementary budgets in 2010, but sweeping tax cuts planned for 2010 did not materialize because of Amman's need for additional revenue to cover excess spending. The budget deficit is likely to remain high, at 5-6% of GDP, and Amman likely will continue to depend heavily on foreign assistance to finance the deficit in 2011. Jordan's financial sector has been relatively isolated from the international financial crisis because of its limited exposure to overseas capital markets. Jordan is currently exploring nuclear power generation to forestall energy shortfalls.

GDP (purchasing power parity):
$33.79 billion (2010 est.)
country comparison to the world: 103

$32.74 billion (2009 est.)
$31.98 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$27.13 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.2% (2010 est.)
country comparison to the world: 111

2.4% (2009 est.)
5.8% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,300 (2010 est.)
country comparison to the world: 142

$5,200 (2009 est.)
$5,200 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 3.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 30.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 66.2% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
1.719 million (2009 est.)
country comparison to the world: 126
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20%
[see also: Labor force - by occupation - industry country ranks ]
services: 77.4% (2007 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
13.4% (2010 est.)
country comparison to the world: 139

12.9% (2009 est.)
note: official rate; unofficial rate is approximately 30%
[see also: Unemployment rate country ranks ]

Population below poverty line:
14.2% (2002)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.7% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39.7 (2007)
country comparison to the world: 63

36.4 (1997)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
30.1% of GDP (2009 est.)
country comparison to the world: 18
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $6.269 billion
[see also: Budget - revenues country ranks ]
expenditures: $8.701 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
61.4% of GDP (2010 est.)
country comparison to the world: 29

64.7% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.4% (2010 est.)
country comparison to the world: 128

-0.7% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.75% (31 December 2009)
country comparison to the world: 73

6.25% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.25% (31 December 2009 est.)
country comparison to the world: 104

9.03% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$9.386 billion (31 December 2010 est)

$8.437 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$35.53 billion (31 December 2010 est.)

$33.38 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$26.85 billion (31 December 2010 est.)
country comparison to the world: 72

$25.14 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$31.86 billion (31 December 2009)
country comparison to the world: 54

$35.85 billion (31 December 2008)
$41.22 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
citrus, tomatoes, cucumbers, olives, strawberries, stone fruits; sheep, poultry, dairy

Industries:
clothing, fertilizers, potash, phosphate mining, pharmaceuticals, petroleum refining, cement, inorganic chemicals, light manufacturing, tourism

Industrial production growth rate:
2.7% (2009 est.)
country comparison to the world: 116
[see also: Industrial production growth rate country ranks ]

Electricity - production:
12.21 billion kWh (2007 est.)
country comparison to the world: 85
[see also: Electricity - production country ranks ]

Electricity - consumption:
10.4 billion kWh (2007 est.)
country comparison to the world: 85
[see also: Electricity - consumption country ranks ]

Electricity - exports:
176 million kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
200 million kWh (2007 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2008 est.)
country comparison to the world: 170
[see also: Oil - production country ranks ]

Oil - consumption:
108,000 bbl/day (2009 est.)
country comparison to the world: 74
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 191
[see also: Oil - exports country ranks ]

Oil - imports:
108,200 bbl/day (2007 est.)
country comparison to the world: 63
[see also: Oil - imports country ranks ]

Oil - proved reserves:
1 million bbl (1 January 2010 est.)
country comparison to the world: 97
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
250 million cu m (2008 est.)
country comparison to the world: 72
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
2.97 billion cu m (2008 est.)
country comparison to the world: 73
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 83
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
2.72 billion cu m (2008 est.)
country comparison to the world: 42
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
6.031 billion cu m (1 January 2010 est.)
country comparison to the world: 87
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$975 million (2010 est.)
country comparison to the world: 135

-$1.27 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$7.333 billion (2010 est.)
country comparison to the world: 98

$6.366 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, fertilizers, potash, phosphates, vegetables, pharmaceuticals

Exports - partners:
US 17.13%, Iraq 17%, India 13.59%, Saudi Arabia 10.56%, Syria 4.18%, UAE 4.09% (2009)

Imports:
$12.97 billion (2010 est.)
country comparison to the world: 83

$12.5 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
crude oil, machinery, transport equipment, iron, cereals

Imports - partners:
Saudi Arabia 17.3%, China 10.95%, US 6.94%, Germany 6.29%, Egypt 6.1% (2009)

Reserves of foreign exchange and gold:
$12.64 billion (31 December 2010 est.)
country comparison to the world: 50

$12.14 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$5.522 billion (31 December 2010 est.)
country comparison to the world: 101

$6.766 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$22.19 billion (31 December 2010 est.)
country comparison to the world: 66

$19.76 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Jordanian dinars (JOD) per US dollar - 0.709 (2010), 0.709 (2009), 0.709 (2008), 0.709 (2007), 0.709 (2006)


NOTE: The information regarding Jordan on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Jordan Economy 2011 information contained here. All suggestions for corrections of any errors about Jordan Economy 2011 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

https://theodora.com/wfb2011/jordan/jordan_economy.html


This page was last modified 09-Feb-11
Copyright © 1995-2011 ITA all rights reserved.