The Performance of the

Jordanian Economy in 2018

Facts & Figures

December 2018

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 2

عاملية حلية و مالتي يتم تجميعها من مصادر املهمةيقوم منتدى االستراتيجيات األردني بمشاركة املعلومات االقتصادية

في ظل التغييرات التي يشهدها العالم االقتصادية واالجتماعية والتوعية بهدف نشر الوعي حول األمور وذلك مختلفة؛

وذلك ملواكبة آخر التطورات وطرح مجال للتفكير في حلول تعمل على تنمية وتعزيز االقتصاد الوطني.

Jordan Strategy Forum shares important economic information that is collected from various local & international sources; with the aim of raising economic and social awareness. This is done in order to track the latest developments and suggest solutions that would develop and strengthen the national economy.

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 3

Introduction

In 2018, Jordan has experienced multiple economic challenges due to the 2008 global financial crisis,

this has been exacerbated by deteriorating economic performance in some countries that had

historically strong trade relations with Jordan .

Public finance of the country was also affected by the decline of grants and domestic revenues that

were originally deteriorated as a result of modest growth, which led to the deterioration of the public

debt in the past few years .

Despite the all the aforementioned challenges and obstacles, Jordan continues to work on overcoming

hardships in the journey of economic reform in; Jordan has launched its programme for the next two

years. Jordan is also trying to resume its trade relation with neighbouring countries such as Syria and

Iraq .

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 4

indices Global the on Rankings Jordan

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 5

Economic Growth in Jordan

2.3%2.6% 2.7%

2.8%3.1%

2.4%2.0% 2.0%

2.3%2.5%

2.7%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

GDP Growth Rates in Jordan During the Period (2010-2020)

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 6

Unemployment Rates in Jordan During 2018

Trade Deficit

18.416

27.8

18.716.6

26.8

18.616.3

27.1

0

5

10

15

20

25

30

Overall Unemployment Male Unemployment Female Unemployment

Quarterly Unemployment Rates in Jordan

Q1 Q2 Q3

-2,342.4 -2,152.8 -2,278.8 -2,205.3 -2,149.0

-2,894.5-2,228.4 -2,021.0 -2,324.1 -2,153.8

-2,450.7-2,388.4

-1,738.6-2,185.0 -2,312.3

-2,639.4

-2,206.2-2,322.4

-2,471.1

-12,000

-10,000

-8,000

-6,000

-4,000

-2,000

0

2014 2015 2016 2017 2018

Mill

ion

JD

Quartarly Trade Defect in Jordan (2014-2018)

Q1 Q2 Q3 Q4

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 7

Debt Public Total

Rates Inflation

8.15

8.95

9.39

10.95

12.59

14.48

17.6120.67

22.65

24.88

26.09

27.43

28.20

0.00

5.00

10.00

15.00

20.00

25.00

30.00

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Total Public Debt in Jordan (2006-2018)

-0.9%-0.3%

-0.9%

-1.4% -1.2% -1.7%

-0.6%

0.3%

3.8% 3.6%

2.5%

3.4%3.70%

4.93% 5.154%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2015 2016 2017 2018

Quarterly Inflation Rates In Jordan ( 2015-2018 )

The Performance of the Jordanian Economy in 2018: Facts and Figures l DECEMBER 2018 8

Budget General Jordan’s