The economy of Jordan expanded by 2.6% year-on-year in the third quarter of 2024, up from a 2.4% growth in the previous quarter. This marked the strongest expansion since Q3 of 2023, as production increased at a faster pace for manufacturing (4.3% vs 3.1% in Q2), finance, insurance, real estate and business services (1.9% vs 1.6%), and community, social, and personal services (2.0% vs 1.9%). Additionally, output recovered sharply for mining and quarrying (10.5% vs -1.3%) and it fell at a slower pace for construction (-0.4% vs -1.5%). Meanwhile, output growth slowed for agriculture (6.0% vs 6.2%), electricity and water (4.2% vs 4.5%), wholesale & retail trade, restaurants & hotels (1.9% vs 2.3%), and transport, storage & communications (3.4% vs 4.8%). source: Central Bank of Jordan

The Gross Domestic Product (GDP) in Jordan expanded 2.60 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Jordan averaged 3.98 percent from 1993 until 2024, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -3.20 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 January of 2025.

The Gross Domestic Product (GDP) in Jordan expanded 2.60 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Jordan is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jordan GDP Annual Growth Rate is projected to trend around 3.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-07-04 01:00 PM YoY Q1 2% 2.3% 2.5%
2024-10-07 07:30 AM YoY Q2 2.4% 2% 2.6%
2025-04-04 07:00 AM YoY Q4 2.6%


Related Last Previous Unit Reference
Full Year GDP Growth 2.60 2.40 percent Dec 2023
GDP 50.81 48.65 USD Billion Dec 2023
GDP Growth Rate YoY 2.60 2.40 percent Sep 2024
GDP Constant Prices 8844.31 8180.29 JOD Million Sep 2024
GDP from Agriculture 376.00 333.00 JOD Million Sep 2024
GDP from Construction 275.00 224.00 JOD Million Sep 2024
GDP from Manufacturing 1679.00 1458.00 JOD Million Sep 2024
GDP from Mining 203.00 213.00 JOD Million Sep 2024
GDP from Public Administration 1043.00 1060.00 JOD Million Sep 2024
GDP from Services 1548.00 1518.00 JOD Million Sep 2024
GDP from Transport 755.00 728.00 JOD Million Sep 2024
GDP from Utilities 174.00 148.00 JOD Million Sep 2024
GDP per Capita 3974.96 3891.21 USD Dec 2023
GDP per Capita PPP 9421.00 9222.52 USD Dec 2023
Gross National Product 35857.60 34264.00 JOD Million Dec 2023

Jordan GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.40 10.60 -3.20 1993 - 2024 percent Quarterly
2016=100, NSA


News Stream
Jordan Q3 GDP Growth Strongest in a Year
The economy of Jordan expanded by 2.6% year-on-year in the third quarter of 2024, up from a 2.4% growth in the previous quarter. This marked the strongest expansion since Q3 of 2023, as production increased at a faster pace for manufacturing (4.3% vs 3.1% in Q2), finance, insurance, real estate and business services (1.9% vs 1.6%), and community, social, and personal services (2.0% vs 1.9%). Additionally, output recovered sharply for mining and quarrying (10.5% vs -1.3%) and it fell at a slower pace for construction (-0.4% vs -1.5%). Meanwhile, output growth slowed for agriculture (6.0% vs 6.2%), electricity and water (4.2% vs 4.5%), wholesale & retail trade, restaurants & hotels (1.9% vs 2.3%), and transport, storage & communications (3.4% vs 4.8%).
2025-01-08
Jordan Economy Expands 2.4% in Q2
The economy of Jordan expanded by 2.4% year-on-year in the second quarter of 2024, up from a 2% growth in the previous quarter. Production increased for agriculture, hunting, forestry & fishing (6.2% vs 5.7% in Q1), transport, storage & communication (4.8% vs 0.9%), wholesale & retail trade, restaurants & hotels (2.3% vs 1.1%), and finance, insurance, real estate & business services (1.6% vs 1.5%). Meanwhile, output growth slowed mainly for manufacturing (3.1% vs 3.9%) and community, social & personal services (1.9% vs 2.9%). At the same time, declines were observed in mining & quarrying (-1.3% vs 6.3%) and construction (-1.5% vs -3.1%) activities.
2024-10-07
Jordan GDP Growth Slows in Q1 2024
The economy of Jordan expanded by 2% year-on-year in the first quarter of 2024, slowing from a 2.3% growth in the previous three-month period. Output rose at a slower pace for trade, restaurants, and hotels (1.1% vs 1.4 in Q4 2023), transport & communications (0.9% vs 1.5%), government services (1.2% vs 1.6%), mining & quarrying (6.3% vs 9.8%), finance, insurance & business services (1.5% vs 2%) and social & personal services (2.9% vs 3.6%). Additionally, construction output shrank (-3.1% vs 3.5%). In contrast, output growth accelerated for agriculture (5.7% vs 3.7%) and manufacturing (3.9% vs 3%).
2024-07-04