Jordan’s Real GDP is Expected to Increase by a CAGR of 3% and Reach JOD 36.105 Billion by 2027
This report is designed to provide in-depth information about Jordan including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Jordan is strategically positioned at the crossroads of the Middle East-North Africa (MENA) region, centrally located between Europe, Asia, and Africa. The Hashemite Kingdom of Jordan is only one of two Arab countries to have signed a peace agreement with Israel, and in 2001, it became the first Arab country to sign a Free Trade Agreement with the United States. The official language of Jordan is Arabic, and the currency is the Jordanian dinar (JOD).
Jordan is estimated to have population of 10.312 million in the year 2023 and expected to reach 10.426 million by 2027, increasing at a CAGR of 0.28%.
Jordan’s real gross domestic product (GDP) was JOD 29.584 billion in 2020 and while recovering from the COVID-19 impact it increased by 2.16% to be around JOD 30.238 billion in 2021. It is further expected to increase by a CAGR of 3% and reach JOD 36.105 billion by 2027.
Jordan’s unemployment rate was 22.7% of total labor force in 2020. Due to slowdown in global economic activity due to COVID-19 pandemic, the unemployment in Jordan increased by 7.06% and reached 24.425% in 2021.
Jordan’s per capita GDP was USD 4,666.199 whereas purchasing power parity (PPP) based per capita GDP was USD 11,974.857 for the year 2022.
In 2022, Jordan government’s revenue was JOD 8.907 billion whereas the expenditure was JOD 10.904 billion. This resulted in Jordan government’s net lending / borrowing negative at JOD 1.997 billion in 2022 indicating that not enough financial resources were made available by the Jordan government to boost economic growth.
The current account balance for Jordan was negative USD 3.232 billion for the year 2022 and is expected to further increase at a CAGR of 4.79% and reach negative USD 2.528 billion by 2027. This negative current account balance indicates that Jordan will remain a net borrower from rest of the world till 2027.
Scope of the Report
- This report provides information about key macroeconomic indicators for Jordan.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Jordan.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Jordan.
- This report provides risk analysis for Jordan.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response of Jordan.
Table of Contents
1. Executive Summary
- Scope of Jordan Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of Jordan
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment / Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending / Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of Jordan
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of Jordan
5. COVID-19 Related Policy Response of Jordan
5.1 Coronavirus (COVID-19) Containment Measures of Jordan
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Jordan
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Jordan
5.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Jordan
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Jordan (in JOD billion) 2020-2027
Exhibit 2.2 Nominal GDP of Jordan (in JOD billion) 2020-2027
Exhibit 2.3 Nominal GDP of Jordan (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Jordan 2020-2027
Exhibit 2.5 Per Capita GDP of Jordan (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Jordan (in USD) 2020-2027
Exhibit 2.7 Total Investment of Jordan (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Jordan (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Jordan 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Jordan (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Jordan (in %) 2020-2027
Exhibit 2.12 Government Revenue of Jordan (in JOD billion) 2020-2027
Exhibit 2.13 Government Revenue of Jordan (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Jordan (in JOD billion) 2020-2027
Exhibit 2.15 Government Expenditure of Jordan (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending / Borrowing of Jordan (in JOD billion) 2020-2027
Exhibit 2.17 Government Net Lending / Borrowing of Jordan (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Jordan (in JOD billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Jordan (in % of GDP) 2020-2027
Exhibit 2.20 Government Net Debt of Jordan (in JOD billion) 2020-2027
Exhibit 2.21 Government Net Debt of Jordan (in % of GDP) 2020-2027
Exhibit 2.22 Current Account Balance of Jordan (in USD billion) 2020-2027
Exhibit 2.23 Current Account Balance of Jordan (in % of GDP) 2020-2027
Exhibit 2.24 Jordan - Top 10 Export Countries (in USD billion) & % Share in 2021
Exhibit 2.25 Jordan - Top 10 Import Countries (in USD billion) & % Share in 2021
Exhibit 2.26 Population of Jordan (in million) 2020-2027
Exhibit 2.27 Unemployment Level in Jordan (in %) 2020-2021
Exhibit 3.1 SWOT Analysis of Jordan
Exhibit 5.1 COVID-19 Policy Response for Supporting MSMEs by Jordan
