Jordan recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Jordan averaged -5.50 percent from 1980 until 2019, reaching an all time high of 11.50 percent in 2003 and a record low of -18.04 percent in 2005. This page provides - Jordan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jordan Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Jordan is expected to reach -6.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jordan Current Account to GDP is projected to trend around -5.50 percent in 2021, according to our econometric models.

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Jordan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -7.00 11.50 -18.04 1980 - 2019 percent Yearly

Jordan Trade Last Previous Highest Lowest Unit
Balance of Trade -577381.00 -508983.00 -3400.00 -1034553.00 JOD Thousands [+]
Current Account -978.30 -309.20 473.00 -1298.60 JOD Million [+]
Current Account to GDP -2.80 -7.00 11.50 -18.04 percent [+]
Imports 1148913.00 1033008.00 1533087.00 5090.00 JOD Thousands [+]
Exports 571532.00 524025.00 612831.00 110.00 JOD Thousands [+]
External Debt 12338.20 12087.50 12338.20 3640.20 JOD Million [+]
Terms of Trade 59.30 69.70 167.20 56.30 points [+]
Capital Flows 1534.10 136.90 1534.10 -1047.80 JOD Million [+]
Remittances 455.60 466.70 643.50 252.60 JOD Million [+]
Tourist Arrivals 29.50 0.00 1680.70 0.00 Thousand [+]
Gold Reserves 43.50 43.50 43.54 12.37 Tonnes [+]
Foreign Direct Investment 168.20 145.20 1713.30 140.90 JOD Million [+]
Terrorism Index 3.09 3.40 4.63 0.55 [+]
Weapons Sales 86.00 1.00 117.00 1.00 USD Million [+]


Jordan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.