Jordan - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Jordan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Jordan economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18.40 19 17.9 18 18 18 percent
Inflation Rate 5.10 5.4 5.8 5.5 5.5 3.3 percent
Interest Rate 5.25 5 5 5 5.5 5.5 percent
Balance of Trade -778618.00 -719146 -719938 -719983 -720023 -720038 JOD Thousands
Government Debt to GDP 95.60 101 101 95 95 90 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 2023.87
points		 2026 1995 1965 1935 1820
Currency 0.71
 0.73 0.74 0.7 0.7 0.85
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.90
percent		 2.7 2.6 2.6 1.9 3.1
GDP 40.07
USD Billion		 41.1 41.1 42.1 42.1 44
GDP Constant Prices 2194.50
JOD Million		 2550 2460 2252 2236 2607
Gross National Product 28302.80
JOD Million		 27964 29039 29039 28841 30777
Gross Fixed Capital Formation 5063244705.00
JOD		 5199952312 5194889067 5194889067 5159446354 5505896686
GDP per capita 3238.30
USD		 3291 3291 3310 3310 3338
GDP per capita PPP 8337.49
USD		 8400 8400 8580 8580 8600
GDP From Agriculture 108.17
JOD Million		 95 141 111 110 150
GDP From Construction 100.99
JOD Million		 163 144 104 103 153
GDP From Manufacturing 427.12
JOD Million		 537 524 438 435 556
GDP From Mining 48.19
JOD Million		 40.95 54.89 49.45 49.11 58.17
GDP From Public Administration 315.31
JOD Million		 321 393 324 321 416
GDP From Services 618.96
JOD Million		 653 627 635 631 664
GDP From Transport 419.85
JOD Million		 462 475 431 428 504
GDP From Utilities 54.39
JOD Million		 87.32 83.89 55.81 55.43 88.91
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18.40
percent		 19 17.9 18 18 18
Population 10.11
Million		 10.17 10.21 10.28 10.34 11.11
Employment Rate 33.10
percent		 32.02 32.48 32.22 31.47 31.84
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.10
percent		 5.4 5.8 5.5 5.5 3.3
Consumer Price Index CPI 125.10
Index Points		 126 128 131 132 137
Producer Prices 120.60
Index Points		 119 122 125 122 135
Export Prices 228.70
Index Points		 229 229 229 229 229
Import Prices 369.50
Index Points		 369 368 369 368 368
Producer Prices Change 7.80
percent		 5.2 5.1 5 4.9 5
Inflation Rate Mom 0.11
percent		 0.22 0.22 0.22 0.22 0.22
Food Inflation 4.00
percent		 3.84 3.77 3.72 3.68 3.6
CPI Housing Utilities 130.60
Index Points		 133 136 136 138 146
CPI Transportation 136.68
Index Points		 132 135 140 144 145
Core Consumer Prices 128.10
Index Points		 129 130 131 131 137
Core Inflation Rate 2.50
percent		 2.49 2.47 2.45 2.45 2.45
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.25
percent		 5 5 5 5.5 5.5
Money Supply M1 10184.00
JOD Million		 10161 10148 10152 10149 10150
Money Supply M2 33585.30
JOD Million		 33945 34212 34477 34740 37248
Foreign Exchange Reserves 11132.30
JOD Million		 11064 11050 11050 11050 11050
Loans to Private Sector 24140.40
JOD Million		 24643 24911 25109 25254 25643
Deposit Interest Rate 3.03
percent		 2.78 2.78 2.78 3.28 3.28
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -778618.00
JOD Thousands		 -719146 -719938 -719983 -720023 -720038
Exports 442073.00
JOD Thousands		 440782 440183 439998 439948 439933
Imports 1220691.00
JOD Thousands		 1159927 1160023 1159981 1159972 1159970
Current Account -654.00
JOD Million		 -687 -691 -690 -685 -684
Current Account to GDP -10.60
percent		 -10 -10.8 -9 -9 -8
External Debt 11453.40
JOD Million		 11825 12178 12272 12366 12960
Terms of Trade 61.90
Index Points		 62.03 62.34 62.13 62.34 62.26
Capital Flows 809.70
JOD Million		 474 268 674 356 447
Remittances 591.60
JOD Million		 620 590 573 606 593
Tourist Arrivals 682.80
Thousand		 600 600 600 600 600
Gold Reserves 43.50
Tonnes		 44.09 43.65 43.76 43.6 43.5
Terrorism Index 3.79
 2.89 2.92 2.86 2.8 1.79
Weapons Sales 77.00
USD Million		 88.8 99.8 75.78 51.76 82.25
Foreign Direct Investment 176.20
JOD Million		 160 181 172 179 179
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 95.60
percent		 101 101 95 95 90
Government Budget -2.60
percent of GDP		 -2.49 -3.2 -2.62 -2.7 -3.7
Government Spending 4254915419.00
JOD		 4369798135 4365543220 4365543220 4335758812 4626899561
Government Revenues 546.80
JOD Million		 615 626 625 624 624
Fiscal Expenditure 604.10
JOD Million		 700 706 704 705 704
Military Expenditure 1877.18
USD Million		 1886 1905 1901 1898 1776
Government Budget Value -270.30
JOD Million		 -85.19 -79.96 -79.41 -80.47 -80.3
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -8.80
percent		 0.3 0.3 0.4 -0.3 1
Internet Speed 5749.74
KBps		 5700 5700 5700 5700 5700
IP Addresses 250932.00
IP		 204154 196385 189255 183479 145388
Industrial Production Mom 1.20
percent		 0.3 0.3 0.3 0.32 0.32
Manufacturing Production -7.40
percent		 -1.92 -1.49 -1.32 -1.26 -1.23
Mining Production -4.80
percent		 3.63 4.19 4.39 4.46 4.48
Ease of Doing Business 103.00
 107 106 106 107 108
Corruption Index 48.00
Points		 49 50 50 50 49
Corruption Rank 59.00
 59 58 58 57 60
Competitiveness Index 4.30
Points		 4.26 4.26 4.3 4.32 4.32
Competitiveness Rank 65.00
 60 60 62 63 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 16823764345.00
JOD		 11525256943 11829625828 11942565356 12055504884 13201697332
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 3155.00
 3252 3219 3247 3240 3240
Building Permits 3708.00
 3534 3573 3567 3568 3568
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 20.00
percent		 20 20 20 20 20
Personal Income Tax Rate 20.00
percent		 20 20 18.5 18 18
Sales Tax Rate 16.00
percent		 16 16 16 16 16
Social Security Rate 22.75
percent		 22.75 22.75 23.75 24 25
Social Security Rate For Companies 15.25
percent		 15.47 15.47 15.84 15.96 16.36
Social Security Rate For Employees 7.50
percent		 7.63 7.63 7.63 7.63 7.78
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 10.68
mm		 0.33 11.63 21.72 8.39 9.69
Temperature 8.92
celsius		 27.55 15.9 11.28 27.77 19.82