ARCHIVE // JO // TIME-SERIES
Economic overview
Jordan — 36 years of data
Historical Values
| Year | Value |
|---|---|
| 1990 | Jordan was a secondary beneficiary of the oil boom of the late 1970s and early 1980s, when its GNP growth averaged 10-12%. Recent years, however, have witnessed a sharp reduction in cash aid from Arab oil-producing countries and in worker remittances, with growth averaging 1-2%. Imports--mainly oil, capital goods, consumer durables, and foodstuffs--have been outstripping exports by roughly $2 billion annually, the difference being made up by aid, remittances, and borrowing. In 1989 the governmen |
| 1991 | Jordan was a secondary beneficiary of the oil boom of the late 1970s and early 1980s, when its annual GNP growth averaged 10-12%. Recent years, however, have witnessed a sharp reduction in grant aid from Arab oil-producing countries and a dropoff in worker remittances, with national growth averaging 1-2%. Imports--mainly oil, capital goods, consumer durables, and foodstuffs--have been outstripping exports by roughly $2 billion annually, the difference being made up by aid, remittances, and borro |
| 1992 | Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - have been outstripping exports, with the difference covered by aid, remittances, and borrowing. In mid-1989, the Jordanian Government |
| 1993 | Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - have been outstripping exports, with the difference covered by aid, remittances, and borrowing. In mid-1989, the Jordanian Government |
| 1994 | Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - outstripped exports, with the difference covered by aid, remittances, and borrowing. In mid-1989, the Jordanian Government b |
| 1995 | Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - outstripped exports, with the difference covered by aid, remittances, and borrowing. In mid-1989, the Jordanian Government b |
| 1996 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil and coal. Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - outstripp |
| 1997 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil and coal. Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - outstripp |
| 1998 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil and coal. Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports-mainly oil, capital goods, consumer durables, and food-outstripped e |
| 1999 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil and coal. Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports--mainly oil, capital goods, consumer durables, and food--outstripped |
| 2000 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. The Persian Gulf crisis, which began in August 1990, aggravated Jordan's already serious economic problems, forcing the government to shelve the IMF program, stop most debt payments, and suspend rescheduling negotiations. Aid from Gulf Arab states, worker remittances, and trade contracted; and refugees flooded the country, producing serious balance-of-payments problems, stunting GDP growth, |
| 2001 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. The Persian Gulf crisis, which began in August 1990, aggravated Jordan's already serious economic problems, forcing the government to stop most debt payments and suspend rescheduling negotiations. Aid from Gulf Arab states, worker remittances, and trade revenues contracted. Refugees flooded the country, producing serious balance-of-payments problems, stunting GDP growth, and straining govern |
| 2002 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH since assuming the throne in 1999 has undertaken some broad economic reforms in a long-term effort to improve living standards. Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made significant headway with privatization. The government also has liberalized the tra |
| 2003 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH since assuming the throne in 1999 has undertaken some broad economic reforms in a long-term effort to improve living standards. Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made significant headway with privatization. The government also has liberalized the tra |
| 2004 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. 'Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made substantial headway with privatization. The government also has liberalized the |
| 2005 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made substantial headway with privatization. The government also has liberalized the t |
| 2006 | Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil. Debt, poverty, and unemployment are fundamental problems, but King ABDALLAH, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. 'Amman in the past three years has worked closely with the IMF, practiced careful monetary policy, and made substantial headway with privatization. The government also has liberalized the |
| 2007 | Jordan is a small Arab country with insufficient supplies of water, oil, and other natural resources. Poverty, unemployment, and inflation are fundamental problems, but King ABDALLAH, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. Since Jordan's graduation from its most recent IMF program in 2002, Amman has continued to follow IMF guidelines, practicing careful monetary policy, and making substantial headway with p |
| 2008 | Jordan is a small Arab country with insufficient supplies of water, oil, and other natural resources. Poverty, unemployment, and inflation are fundamental problems, but King ABDALLAH II, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. Since Jordan's graduation from its most recent IMF program in 2002, Amman has continued to follow IMF guidelines, practicing careful monetary policy, making substantial headway with pr |
| 2009 | Jordan is a small Arab country with insufficient supplies of water, oil, and other natural resources. Poverty, unemployment, and inflation are fundamental problems, but King ABDALLAH II, since assuming the throne in 1999, has undertaken some broad economic reforms in a long-term effort to improve living standards. Since Jordan's graduation from its most recent IMF program in 2002, Amman has continued to follow IMF guidelines, practicing careful monetary policy, making substantial headway with pr |
| 2010 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and |
| 2011 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and |
| 2012 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and |
| 2013 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and |
| 2014 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit. Since assuming the throne in 1999, King ABDALLAH has implemented significant economic reforms, such as opening the trade regime, privatizing state-owned companies, and |
| 2015 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment, inflation, and a large budget deficit and resulting government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as opening up foreign trade and privat |
| 2016 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment and underemployment, budget and current account deficits, and government debt. | King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade |
| 2017 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty, unemployment and underemployment, budget and current account deficits, and government debt. | King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade |
| 2018 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of unemployment and underemployment, budget and current account deficits, and government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privat |
| 2019 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of unemployment and underemployment, budget and current account deficits, and government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privat |
| 2020 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of unemployment and underemployment, budget and current account deficits, and government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privat |
| 2021 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of unemployment and underemployment, budget and current account deficits, and government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privat |
| 2022 | Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of unemployment and underemployment, budget and current account deficits, and government debt. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privat |
| 2023 | low growth, upper middle-income Middle Eastern economy; high debt and unemployment, especially for youth and women; key US foreign assistance recipient; natural resource-poor and import-reliant |
| 2024 | upper-middle-income Middle Eastern economy; high debt and unemployment, especially for youth and women; global events triggering trade slump and decreased revenue from tourism; growing manufacturing and agricultural sectors; key US foreign assistance recipient; natural-resource-poor and import-reliant |
| 2025 | upper-middle-income Middle Eastern economy; high debt and unemployment, especially for youth and women; global events triggering trade slump and decreased revenue from tourism; growing manufacturing and agricultural sectors; key US foreign assistance recipient; natural-resource-poor and import-reliant |