Jordan's economy expanded 1.9 percent year-on-year in the third quarter of 2019, compared to a 1.8 percent expansion in the prior period, a preliminary estimate showed. The main contributor to growth was the quarrying sector (7.4 percent), followed by social & personal services (3.4 percent), finance, insurance & real estate (3.0 percent) and transport, storage & communications (2.7 percent). GDP Annual Growth Rate in Jordan averaged 4.32 percent from 1993 until 2019, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -1.10 percent in the first quarter of 1996.

GDP Annual Growth Rate in Jordan is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Jordan to stand at 2.30 in 12 months time. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.


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Jordan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 10.60 -1.10 1993 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 09:35 AM GDP Growth Rate YoY Q4 1.8% 2% 2.3%
2019-07-01 09:30 AM GDP Growth Rate YoY Q1 2.0% 1.8% 2.0%
2019-10-03 09:30 AM GDP Growth Rate YoY Q2 1.8% 2.0% 2.1%
2020-01-10 10:30 AM GDP Growth Rate YoY Q3 1.9% 1.8% 2.0%
2020-03-29 10:00 AM GDP Growth Rate YoY Q4 1.9% 2.1%


News Stream
2019-04-08
Jordan GDP Growth Eases to 1-Year Low in Q4
Jordan's economy expanded 1.8 percent year-on-year in the fourth quarter of 2018, compared to a 2 percent expansion in the prior period. It was the weakest growth rate since the last quarter of 2017, as output rose less for: manufacturing (1.2 percent from 1.9 percent in Q3); utilities (1.8 percent from 2.4 percent); restaurants & hotels (0.7 percent from 0.9 percent); wholesale and retail trade (1.3 percent from 1.4 percent); and real estate (2.4 percent from 2.5 percent). In addition, mining & quarrying fell 3.1 percent (from 2.1 percent in Q3) and construction activity shrank 0.3 percent (vs -0.4 percent in Q3). In contrast, output increased further for transport, storage & communications (3.6 percent from 2.8 percent); finance & insurance services (3.1 percent from 3.0 percent); and for agriculture, hunting, forestry & fishing (3.1 percent from 2.9 percent). Considering 2018 as a whole, the economy grew 1.9 percent, slower than 2.1 percent in 2017.


Jordan GDP Annual Growth Rate
The Jordanian economy is dominated by tourism, financial services, transportation, manufacturing and remittances from Jordanians working abroad. Jordan's lack of arable land and insufficient supplies of water means that agriculture is mostly a non-relevant sector and that the country invests heavily in water recycling. Jordan’s economy is highly influenced by the state, however, recently, the efforts have been undertaken to reduce barriers to do business.

Jordan GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.90 1.80 10.60 -1.10 percent [+]
GDP 42.29 40.77 42.29 0.56 USD Billion [+]
GDP Constant Prices 7783.00 7293.00 9380.00 1256.71 JOD Million [+]
Gross National Product 29984.00 28903.00 29984.00 203.00 JOD Million [+]
Gross Fixed Capital Formation 5266402218.05 6969937862.33 7614439494.95 1486142203.23 USD [+]
GDP per capita 3236.90 3232.80 3764.80 1668.50 USD [+]
GDP per capita PPP 8309.30 8298.50 9664.30 6068.50 USD [+]
GDP From Agriculture 356.00 311.00 524.00 49.00 JOD Million [+]
GDP From Construction 252.00 210.00 252.77 47.00 JOD Million [+]
GDP From Manufacturing 151.00 1347.00 1489.59 151.00 JOD Million [+]
GDP From Mining 146.00 175.00 179.14 19.60 JOD Million [+]
GDP From Public Administration 926.00 929.00 1107.70 212.80 JOD Million [+]
GDP From Services 1732.00 1682.00 1732.00 263.70 JOD Million [+]
GDP From Transport 648.00 634.00 655.70 221.80 JOD Million [+]
GDP From Utilities 299.00 257.00 299.00 30.10 JOD Million [+]