Indicators of economy in Jordan
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Jordan reached 4.283 US dollars per inhabitant, or 43.70 bn US Dollar in the whole country. Jordan is therefore currently ranked 88 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Jordan is in the list of the world's richest countries in place 115.Inflation in Jordan was in 2021 at around 1.35%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 55.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Jordan
Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Jordan in 2020 decreased moderatly from 44.50 billion US Dollar to 43.70 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.8% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 74 percent. The unemployment rate rose from 16.8 to 19.0 percent. The inflation rate has fallen from 0.8 percent previously to 0.3 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Jordan Total | Jordan per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 43.70 bn USD | 4,282.77 USD | 15,291.93 tn USD | 29,710.69 USD |
Gross national product | 43.96 bn USD | 4,308.83 USD | 15,330.84 tn USD | 29,786.28 USD |
Development of the Gross domestic product in billion US Dollar 1970 - 2020
› Debt budget development
› Development of inflation
› Corruption in Jordan
› Cost of living in a global comparison
› Development of inflation
› Corruption in Jordan
› Cost of living in a global comparison
Im- and Exports 2020
Jordan Total | Jordan per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 18.42 bn USD | 1,805.43 USD | 7,340.01 bn USD | 14,260.90 USD |
Exports | 10.35 bn USD | 1,014.81 USD | 7,939.04 bn USD | 15,424.75 USD |
Development of imports and exports in billion US dollars 1972 - 2020
Exports
Imports