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. source: Central Bank of Jordan
GDP Annual Growth Rate in Jordan averaged 4.09 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 May of 2021.
GDP Annual Growth Rate in Jordan is expected to be 3.00 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 2.80 percent in 2022, according to our econometric models.