The Gross Domestic Product (GDP) in Jordan expanded 0.30 percent in the first quarter of 2021 over the same quarter of the previous year. source: Central Bank of Jordan

GDP Annual Growth Rate in Jordan averaged 4.06 percent from 1993 until 2021, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -3.60 percent in the second quarter of 2020. This page provides - Jordan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jordan GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

GDP Annual Growth Rate in Jordan is expected to be 4.50 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 2.10 in 12 months time. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 2.80 percent in 2022, according to our econometric models.

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Jordan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -1.60 10.60 -3.60 1993 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-06 10:00 AM Q2 -3.6% 1.3% -5.5%
2021-01-11 10:00 AM Q3 -2.2% -3.6% -1.5%
2021-04-26 10:00 AM Q4 -1.6% -2.2% -4.5%
2021-07-19 10:15 AM Q1 0.3% -1.6% -2.3%
2021-10-06 10:00 AM Q2 0.3%
2021-12-31 10:00 AM Q3


News Stream
Jordan GDP Contraction Continues to Ease in Q4
Jordan's gross domestic product shrank 1.6 percent from a year earlier in the fourth quarter of 2020, the 3rd consecutive decline, but less than a 2.2 percent contraction in the previous three-month period. Transport & communications (-5.7 percent vs -6.3 percent in Q3), trade, restaurants & hotels (-3.5 percent vs -4.0 percent), construction (-3.0 percent vs -4.1 percent) and manufacturing (-2.4 percent vs -3.2 percent) continued to fall although at a slower pace. Also, output continued to grow in agriculture (1.5 percent vs 1.9 percent) and mining (3.0 percent vs 4.1 percent). Considering full 2020, the economy shrunk by 1.6 percent, following a 2 percent rise in 2019, due to the coronavirus pandemic.
2021-04-26
Jordan Economic Contraction Eases in Q3
Jordan's gross domestic product shrank 2.2 percent from year earlier in the third quarter of 2020, easing from a record 3.6 percent contraction in the previous three-month period. The hotel and restaurant sectors were the most hard-hit by the coronavirus pandemic (-9.1 percent vs -13.4 percent in Q2), followed by the transport, storage and telecommunications (-6.3 percent vs -9.2 percent), social and personal services (-4.5 percent vs -6.4 percent), construction (-4.1 percent vs -6.3 percent) and manufacturing (-3.2 percent vs -5.3 percent).
2021-01-11
Jordan GDP Contracts at Record Pace in Q2
The economy of Jordan shrank 3.6 percent year-on-year in the second quarter of 2020, following a 1.3 percent growth in the previous period. It was the worst economic contraction since at least 1993, as the global pandemic hit hard major economic activities. The most affected sectors were restaurants & hotels (-13.4 percent); transport & communications (-9.2 percent); social and personal services (-6.4 percent); construction (-6.3 percent) and manufacturing (-5.3 percent). In contrast, growth was recorded in finance, insurance, real estate and business services (1.5 percent); government services (0.8 percent) and agriculture (0.7 percent).
2020-10-06

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.