Includes Jordan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Albania economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Albania best banks and safest banks are also available.
Basic Information
Government Type: Parliamentary constitutional monarchy
Capital City: Ammam
GDP & Economic Information
Macroeconomy & Sovereign Data
| Central Bank |
Bank of Albania Bank for International Settlements Central Bank of Jordan |
|---|---|
| Currency |
Jordanian dinars (JOD) |
| International Reserves |
USD 14.6 billion (2018) International Monetary Fund (IMF), data retrieved October 2019 |
| Gross Domestic Product – GDP |
USD 42.4 billion (2018, estimate) |
| GDP (Purchasing Power Parity) |
Intl$ 93.4 billion (2018, estimate) |
GDP Data
| Real GDP growth |
2007 8.2% 2008 7.2% 2009 5.5% 2010 2.3% 2011 2.6% 2012 2.7% 2013 2.8% 2014 3.1% 2015 2.4% 2016 2% 2017* 2.1% 2018* 2% *Estimate |
|---|---|
| GDP per capita – current prices |
USD 42.4 billion (2018, estimate) |
| GDP per capita – PPP |
Intl$ 93.4 billion (2018, estimate) |
| GDP (PPP) – share of world total |
1980 0.06% 1990 0.06% 2000 0.06% 2010 0.08% 2019* 0.07% *Estimate |
| GDP – composition by sector |
agriculture: 5.6% industry: 27.6% services: 61.8% (2018) |
| Gross domestic expenditure on R&D; (% of GDP) | N/A |
| Inflation |
2015 -0.9% 2016 -0.8% 2017 3.3% 2018* 4.5% 2019* 2% *Estimate |
Jordan
Features
Jordan: Starting Clean
Economics, Policy & Regulation
Executive Insights: Jordan Central Bank Governor Ziad FarizInflation & Debt
| Inflation |
2015 -0.9% 2016 -0.8% 2017 3.3% 2018* 4.5% 2019* 2% *Estimate |
|---|---|
| Government Bond Ratings |
Standard & Poor’s: B+ Moody’s: B1 Standard & Poor’s / Moody’s |
| Unemployment rate |
2015 13.1% 2016 15.3% 2017 18.1% 2018* 18.3 2019* N/A *Estimate |
| Household saving rates | N/A |
| Public debt (General government gross debt as a % of GDP) |
2015 92.4% 2016 93.8% 2017 94.3% 2018* 94.4% 2019* 94.6% *Estimate |
| Public deficit (General government net lending/borrowing as a % of GDP) |
2015 -8.5% 2016 -3.7% 2017 -3.7% 2018* -4.8% 2019* -3.4% *Estimate |
| Market value of publicly traded shares |
2016 USD 24.6 billion 2017 USD 24.0 billion 2018 USD 22.7 billion |
| Largest Companies |
Arab Bank |
Import/Export
| Exports as percent of GDP (Exports of goods and services) |
5.9% (2017) |
|---|---|
| Shares in world total merchandising export |
0.004% (2018) |
| Shares in world total commercial services export |
0.008% (2018) |
| Total exports |
USD 1.6 billion (2018 estimate) |
| Export commodities |
Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems, and medical herbs |
| Total imports |
USD 8.3 billion (2018 estimate) |
| Import commodities |
Machinery and other capital goods, food, textiles, petroleum products |
| Exports – major partners |
India 56.5%, Pakistan 29.6% (2017) |
| Imports – major partners |
China 21%, Iran 20.5%, Pakistan 11.8%, Kazakhstan 11%, Uzbekistan 6.8%, Malaysia 5.3%(2017) |
Competitiveness & Trade
| Current account balance |
USD -3.0 billion (2018 estimate) |
|---|---|
| Current account balance by percentage of GDP |
-7.0 % (2018 estimate) |
| FDI inflows |
2016 USD 1,553 million 2017 USD 2,030 million 2018 USD 950 million |
| FDI Outflows |
2016 USD 3.2 million 2017 USD 6.6 million 2018 USD -7.6 million |
| Value of cross-border M&A, by country of purchaser |
2015 N/A 2016 USD 17 million 2017 N/A 2018 N/A United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
| Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
| Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
| Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 75 out of 190 countries Subcategories: Starting a Business: 120 out of 190 countries Dealing with Construction Permits: 138 out of 190 countries Getting Electricity: 69 out of 190 countries Registering Property: 78 out of 190 countries Getting Credit: 4 out of 190 countries Protecting Minority Investors: 105 out of 190 countries Paying Taxes: 62 out of 190 countries Trading across Borders: 75 out of 190 countries Enforcing Contracts: 110 out of 190 countries Resolving Insolvency: 112 out of 190 countries |
| Global competitiveness ranking |
70 out of 141 countries (2019) |
| Index of Economic Freedom |
Ranking: 53 / Score: 66.5 (Moderately free) (100=totally free 0=totally repressed) |
Population & Geographic Data
| Total Area |
89,342 sq km |
|---|---|
| Total Population |
1990 3.56 million 2000 5.1 million 2010 7.18 million 2015* 9.16 million 2020* 10.21 million *Estimate |
| Urban population as % of total population |
1960 50.9% 1980 60% 2000 78.3% 2018 91% |
| Population median age |
22.8 years CIA World Factbook / Population median age |
| Population growth rate |
2.02% (2018 estimate) |
| Life expectancy |
75 years CIA World Factbook / Life expectancy |
| % of population living on less than $3.10 a day |
2.1% (last available estimate, 2010) |
| Inequality of wealth distribution (Gini index) |
33.7 (last available estimate, 2010) |
| Freedom House rating |
Partly Free Political Rights: 5 Civil Liberties: 5 (2019) (1 represents the most free, 7 the least free rating) |
| Total telephone subscribers as % of population |
Fixed: 3.2% Mobile: 87.6% (2018) (fixed-telephone subscribers and mobile-cellular subscribers) |
| Internet users as % of total population |
66.79 % (2017) |
Language & Religon
| Languages | Arabic (official), English (widely understood among upper and middle classes) |
|---|---|
| Literacy |
Total population: 95.4% Male: 97.7% Female: 92.9% Definition: age 15 and over can read and write (2015 est.) |
| Religions | Muslim 97.2% (official; predominantly Sunni), Christian 2.2% (majority Greek Orthodox, but some Greek and Roman Catholics, Syrian Orthodox, Coptic Orthodox, Armenian Orthodox, and Protestant denominations), Buddhist 0.4%, Hindu 0.1%, Jewish <0.1, folk <0. |
World Rankings
| Population | 2.8 M |
|---|---|
| Mercer Cost of living index | N/A |
| C02 Emissions per capita |
1.9 metric tons per capita (2018) |
Global Finance Rankings & Awards: Jordan
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000