The Financial Crisis and its Impacts on the MENA Region

 
Publisher: Middle East Commercial Services Limited
 

Jordan

Capital: Amman
Population: 6.198.677 (June 2008)
Area: 92, 300 SQ KM
Currency: Jordanian Dinar
Currency Code: JOD
GDP Per Capita (PPP): $ 4,900
GDP (Purchasing Power Parity): $27.99 Billion
GDP (Official Exchange Rate): $16.01 Billion
GDP Real Growth Rate: 5.7%
GDP Composition by Industry Sector: Agriculture: 3.5% - Industry: 10.3% - Services: 86.2%


Industry: Clothing, Phosphate Mining, Fertilizers, Pharmaceuticals, Petroleum Refining, Cement, Potash, Inorganic Chemicals, Light Manufacturing, and Tourism.


Economy: The Jordanian government has undertaken broad economic reforms in a long term effort to improve unemployment and inflation in the country.  Since Jordan’s graduation from its most recent IMF programme in 2002, Amman has continued to follow IMF guidelines, practicing careful monetary policy, making substantial headway towards privatization, and opening the trade regime.  Jordan’s exports have  significantly increased under the free trade accord with the United States, which allows Jordan to export goods to the United States duty free.  In 2006, Jordan reduced its debt-to-GDP ratio significantly.  These measures have helped improve productivity and foreign investment.

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