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.