Jordan GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

2.3

Units In

Frequency

Quarterly

Next Release

Jul 09, 2025

Time to Release

2 Months 27 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
10.6 Mar 2007	-3.6 Jun 2020	3.96 %	1993-2023	Central Bank of Jordan

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.

Latest Updates

Jordan's economy expanded by 2.7% year-on-year in the fourth quarter of 2024 from a 2.6% growth in the previous quarter. This marked the strongest expansion since Q3 2023, as production increased at a faster pace for agriculture (8.4% vs 6.0% in Q3), manufacturing (4.9% vs 4.3%), wholesale & retail trade, restaurants & hotels (3.1% vs 1.9%) and transport, storage & communications (3.7% vs 3.4%). However, output growth slowed for electricity and water sector (4.2% vs 4.4%) and community, social, and personal services (1.8% vs 2.0%), while it remained steady for finance, insurance, real estate, and business services sector at 1.9%. Additionally, the production continued to contract for construction sector, falling by 0.9%, compared to a 0.3% decline in the previous quarter.