Economy
Jordan
Budget
revenues
$13.779 billion (2023 est.)
expenditures
$17.159 billion (2023 est.)
Exports
Exports 2021
$13.87 billion (2021 est.)
Exports 2022
$20.743 billion (2022 est.)
Exports 2023
$22.186 billion (2023 est.)
Imports
Imports 2021
$23.321 billion (2021 est.)
Imports 2022
$30.019 billion (2022 est.)
Imports 2023
$28.922 billion (2023 est.)
Industries
tourism, information technology, textiles, fertilizers, potash, phosphate extraction, pharmaceuticals, oil refining, cement, inorganic chemicals, light industry
Labor force
3.08 million (2024 est.)
Public debt
Public debt 2023
102.8% of GDP (2023 est.)
Remittances
Remittances 2021
11% of GDP (2021 est.)
Remittances 2022
10.1% of GDP (2022 est.)
Remittances 2023
8.8% of GDP (2023 est.)
Exchange rates
Currency
Jordanian dinars (JOD) per US dollar -
Exchange rates 2020
0.71 (2020 est.)
Exchange rates 2021
0.71 (2021 est.)
Exchange rates 2022
0.71 (2022 est.)
Exchange rates 2023
0.71 (2023 est.)
Exchange rates 2024
0.71 (2024 est.)
Debt - external
Debt - external 2023
$21.058 billion (2023 est.)
Economic overview
an upper-middle-income economy in the Middle East; characterized by significant debt and high unemployment rates, particularly among youth and women; affected by global events leading to a decline in trade and reduced tourism revenue; experiencing growth in manufacturing and agriculture sectors; a major recipient of US foreign aid; lacking in natural resources and reliant on imports
Unemployment rate
Unemployment rate 2022
18.2% (2022 est.)
Unemployment rate 2023
18% (2023 est.)
Unemployment rate 2024
18% (2024 est.)
Exports - partners
USA 21%, India 13%, Saudi Arabia 11%, China 7%, Iraq 6% (2023)
Imports - partners
China 17%, Saudi Arabia 14%, UAE 8%, India 6%, USA 5% (2023)
Real GDP per capita
Real GDP per capita 2022
$9,300 (2022 est.)
Real GDP per capita 2023
$9,400 (2023 est.)
Real GDP per capita 2024
$9,500 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
2.6% (2022 est.)
Real GDP growth rate 2023
2.9% (2023 est.)
Real GDP growth rate 2024
2.5% (2024 est.)
Agricultural products
tomatoes, milk, chicken, potatoes, olives, cucumbers/gherkins, onions, chilies/peppers, peaches/nectarines, sheep milk (2023)
Exports - commodities
fertilizers, garments, phosphates, jewelry, phosphoric acid (2023)
Imports - commodities
automobiles, refined petroleum, gold, crude oil, jewelry (2023)
Current account balance
Current account balance 2021
-$3.718 billion (2021 est.)
Current account balance 2022
-$3.815 billion (2022 est.)
Current account balance 2023
-$1.91 billion (2023 est.)
Taxes and other revenues
17% (of GDP) (2023 est.)
GDP (official exchange rate)
$53.352 billion (2024 est.)
GDP - composition, by end use
household consumption
78.9% (2021 est.)
government consumption
15.8% (2021 est.)
investment in inventories
3% (2021 est.)
investment in fixed capital
22.2% (2021 est.)
exports of goods and services
30% (2021 est.)
imports of goods and services
-50.4% (2021 est.)
Population below poverty line
15.7% (2018 est.)
Average household expenditures
on food
25% of household expenditures (2023 est.)
on alcohol and tobacco
4.5% of household expenditures (2023 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
4.2% (2022 est.)
Inflation rate (consumer prices) 2023
2.1% (2023 est.)
Inflation rate (consumer prices) 2024
1.6% (2024 est.)
Industrial production growth rate
3.7% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$104.307 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$107.315 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$109.986 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
39.8% (2024 est.)
total
41.7% (2024 est.)
female
49.2% (2024 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022
$18.198 billion (2022 est.)
Reserves of foreign exchange and gold 2023
$19.069 billion (2023 est.)
Reserves of foreign exchange and gold 2024
$21.939 billion (2024 est.)
GDP - composition, by sector of origin
industry
25.1% (2024 est.)
services
60.4% (2024 est.)
agriculture
5.1% (2024 est.)