Category: Jordan Economy
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Jordan’s GDP records 2.7% growth in Q4 2024 – DoS
-Growth driven by ‘strong’ performance across key sectors, despite regional, global challenges -For full year, GDP growth reaches 2.5% in 2024, exceeding initial forecast of 2.3% The Gross Domestic Product (GDP) recorded a growth of 2.7 per cent in the fourth quarter of 2024 compared with the same period in 2023, exceeding the estimated rate…
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Shoubaki: Jordan is the most Arab country affected by Trump’s tariffs
Amer Shoubaki, an economic researcher specializing in oil and energy affairs, said that US President Donald Trump’s decision to impose a 20% tariff on US imports from Jordan threatens the future of Jordanian exports to the US market and strikes at one of the country’s most important drivers of industrial growth. Shoubaki pointed out that…
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Tamkeen: New US tariffs pose a major challenge to the Jordanian economy
* Tamkeen: – The decision to impose new US tariffs on Jordanian exports poses a major economic challenge. – Imposing a 20% increase on Jordanian exports to the US market will increase the costs of Jordanian products, making them less competitive compared to products from other countries. – The decision poses significant challenges for companies…
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Jordan Industry: Trump’s New Tariffs Affect Jordan by 20%
Ihab Qadri, representative of the Leather and Garment Industries sector in the Jordan Chamber of Industry, stated that the tariffs imposed by the United States on most countries worldwide have also affected Jordan, with new tariffs of 20% being applied. Qadri confirmed that Jordan’s exports of garments to the United States exceeded 1.5 billion Jordanian…
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Pharmaceutical exports jump 14.8% to $885 million in 2024
Jordanian pharmaceutical exports expected to reach $1.4 billion by 2029 Jordan continues to consolidate its position as a major exporter in the pharmaceutical export market, leveraging its advanced manufacturing capabilities and strategic location that facilitates access to regional and global markets. Despite the challenges posed by regional instability, the Jordanian pharmaceutical sector is achieving strong…
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JSF calls for national strategy to boost tech adoption, economic growth
The Jordan Strategy Forum (JSF) on Sunday underscored the urgent need to integrate advanced technology into production processes, calling for a comprehensive national strategy to drive technological adoption, enhance productivity, and strengthen Jordan’s economic competitiveness. In a policy brief titled “Future Technology and Its Role in Enhancing Productivity,” the JSF highlighted the critical role of…
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Jordan’s Trade Sector: Crown Prince’s Focus on the IT Sector a Strong Incentive for Companies
The representative of the Information and Communications Technology (ICT) sector in the Jordan Chamber of Commerce, Engineer Haitham Al-Rawajbeh, praised the efforts of His Royal Highness Crown Prince Hussein bin Abdullah II and his ongoing support for the IT sector in Jordan. He highlighted that this sector is one of the key pillars of the…
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Total public debt rises to 44.5 billion dinars
Jordan’s total public debt rose by 0.8% during the first month of this year, reaching 44,509 billion dinars, compared to its level recorded at the end of last year. According to data from the Ministry of Finance, the ratio of total public debt to GDP rose to 117.2% last January, compared to 116.8% at the…
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Jordan’s Imports by Countries of Origin During 2024 (Ranking)
Jordan’s Imports by Countries of Origin During 2024 (Ranking) (Value C.I.F in 000 J.D.) Country J.D. US$ % Total 19,110,399 26,916,055 100.00% I-1 China 3,662,473 5,158,413 19.16% I-2 Saudi Arabia 2,912,193 4,101,680 15.24% I-3 U.S.A. 1,330,584 1,874,062 6.96% I-4 U.A. Emirates 912,471 1,285,171 4.77% I-5 Germany 677,080 953,633 3.54% I-6 India 660,046 929,642 3.45% I-7…
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Jordan’s Exports to EU Rise by 4.4% in 2024
Jordan’s national exports to the European Union grew by 4.4% in 2024, reaching JD 427 million, compared to JD 409 million in 2023, according to foreign trade data from the Department of Statistics. Meanwhile, the country’s imports from the EU declined slightly by 0.5% last year, amounting to JD 2.861 billion, down from JD 2.874…