Category: Jordan Economy
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Jordan’s trade balance with US reaches surplus of JD877mln in 2024-DoS
The Kingdom’s trade balance with the U.S. recorded a surplus of JD877 million last year, 2024. According to foreign trade data released by the Department of Statistics (DoS) and monitored by “Petra” showed a “significant” growth in national exports to the U.S. last year, reaching JD2.208 billion, compared to JD1.958 billion in 2023, marking an…
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Jordanian industry now enters 150 global markets-JCI
Since the early days of the country’s establishment, Jordanian industry has carved a national story of achievement, success, and excellence, moving from hand-made manufacturing operations in the 1920s to products that are currently sold across the world. The industrial sector’s products reach over 150 markets worldwide, contributes approximately 25% of the gross domestic product (GDP)…
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Agricultural exports rise 38% in 2024 at JD1.529bln-Minister
Jordan’s agricultural exports surged by 38% in 2024, compared to the previous year, reaching JD1.529 billion, marking an increase of JD426 million from the JD1.103 billion recorded in 2023. In remarks to “Petra” Thursday, Minister of Agriculture, Khaled Hneifat, exports grew despite market closures, citing a report by the Department of Statistics (DoS), which is…
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World Bank considers $900m in new financing for Jordan’s economic and Social development
$400m to enhance Kingdom’s welfare programmes and economic resilience – Additional funding for ‘Masar’ programme to improve vocational training and teacher support – $50m in new financing to strengthen entrepreneurship and innovation The World Bank is currently assessing the financing of five projects and programs aimed at supporting economic reforms, social protection, key sectors and…
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Six Key Exports Drive 57% of Total Export Value as Apparel Sector Surges
Six industrial products dominated Jordan’s export landscape in 2024, accounting for 57% of national exports valued at JD8.579 billion ($12.1 billion), according to latest data from the Department of Statistics. Apparel and accessories emerged as the standout performer, capturing 19.4% market share and posting a robust 25.6% year-on-year growth to reach JD1.665 billion. This was…
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Jaghbeer: Growth in national exports proves the development of Jordanian industries
The head of the Jordan and Amman Chambers of Industry, Fathi Jaghbeer, confirmed that national exports witnessed remarkable growth during the year 2024, by a rate of 4.1% and a value of 8 billion and 579 million dinars, which proves the extent of development and quality reached by Jordanian industrial products, whose exports constitute more…
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National Exports Rise by 4.1% in 2024
National exports grew by 4.1 percent in 2024, reaching JD8.579 billion, compared to JD8.245 billion in 2023, according to a monthly report by the Department of Statistics. Total exports, including re-exports, increased by 5.8 percent to JD9.433 billion, up from JD8.912 billion in 2023. The value of re-exports rose significantly by 28 percent to JD854…
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Females account for 47.1% of total population in Jordan — DoS
The number of females in Jordan reached 5.521 million by the end of 2024, accounting for 47.1 per cent of the total population, compared to 52.9 per cent for males. This means that for every 100 females, there are 113 males, according to a report by the Department of Statistics, Al Mamlaka reported. The highest…
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S&P maintains Jordan’s long-term sovereign credit rating at BB- with stable outlook
Standard & Poor’s (S&P) has maintained Jordan’s long-term sovereign credit rating at BB, with a stable outlook. In its report, the agency pointed out that the decision to maintain the rating reflects its expectation that Jordan will be able to manage regional and global economic developments, in addition to the country’s capacity to secure alternative…
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Unemployment Rate Drops to 21.4% in 2024
The Department of Statistics released its annual report on the unemployment rate in Jordan for 2024, highlighting the following key findings: Unemployment: The unemployment rate stood at 21.4% in 2024, a decrease of 0.6 percentage points from 22.0% in 2023. The unemployment rate for males in 2024 was 18.2%, while it was 32.9% for females.…