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).

GDP Annual Growth Rate in Jordan averaged 4.20 percent from 1993 until 2020, 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 October of 2020.

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 3.30 in 12 months time. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 3.30 percent in 2021 and 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
-3.60 1.30 10.60 -3.60 1993 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-10 10:30 AM YoY Q3 1.9% 1.8% 2.0%
2020-04-24 10:00 AM YoY Q4 2.1% 1.9% 2.1%
2020-07-16 10:00 AM YoY Q1 1.3% 2.1% -1.4%
2020-10-06 10:00 AM YoY Q2 -3.6% 1.3% -5.5%
2020-12-31 10:00 AM YoY Q3 -3.6% -1.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Q1 GDP Growth Lowest since 1999
The economy of Jordan expanded 1.3 percent year-on-year in the first quarter of 2020, the lowest growth rate since 1999 due to the coronavirus lockdown. Still, social and personal services posted the highest growth rate (2.8 percent), followed by finance, insurance and real estate (2.4 percent), agriculture (2.3 percent) and government services (2 percent).
2020-07-16
Jordan GDP Growth Rate at 1-1/2-Year High of 2.1%
Jordan's economy advanced 2.1 percent year-on-year in the fourth quarter of 2019, compared to a 1.9 percent growth in the prior period. Though modest, this was the quickest expansion since the second quarter of 2018, mainly boosted by mining & quarrying (5.2 percent vs 7.5 percent in Q3); transport & communications (3.5 percent vs 2.7 percent); social & personal services (3.2 percent vs 3.4 percent) and finance, insurance, real estate & business services (2.8 percent vs 3 percent). In addition, agricultural activity improved (2.6 percent vs 1.3 percent). Considering full 2019, the gross domestic product expanded 2 percent compared to 1.9 percent a year earlier.
2020-04-24
Jordan GDP Expands 1.9% YoY In Q3
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).
2020-01-10

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.