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.
GDP Annual Growth Rate in Jordan averaged 4.30 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. 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 July of 2020.
GDP Annual Growth Rate in Jordan is expected to be -1.50 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 4.50 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.