Jordan: Economic Snapshot 2018
16 Apr 2018
Significant progress in implementing an IMF-backed reform agenda in 2016 marked a turning point for the economy, helping Jordan reduce its budget deficit and bring GDP growth in constant prices from a 25-year low of 2% in 2016 to 2.2% the following year. While the latter figure was still below target, the Jordan Economic Growth Plan 2018-22 aims to put the country back on track towards meeting its Vision 2025 programme goals, with improvements to the business environment and digital expansion to play key roles in this. Several measures also seek to enhance the participation of the private sector, which provided 64% of net job creation during the first half of 2017.
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