Arab Bank Digital Transformation and Growth Strategy
Jordan's economy performed well across all segments in 2023 and has proven to be resilient
and stable, with expected growth of 2.6% in 2024
2.5%
GDP Growth (%)
1.9% 1.8%
3.7%
2.4%
2.6% 2.6%
3.3%
Jordan Inflation Rate (%)
4.5%
4.2%
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Competitive Advantage
63%
of population under 30 - young demographic
2.1%
1.3%
Rating B1/B+ / BB- (Moody's, S&P, Fitch)
0.8%
0.3%
JOD
Stable currency, pegged to the US Dollar
2017
2018 2019 2020 2021 2022 11M-23
99%
Mobile network coverage
-1.1%
2017 2018 2019 2020 2021 2022 2023 2024
GDP composition by sector (2022)
Construction
2.7%
Mining
2.5%
Utilities
1.5%
Agriculture
4.8%
Services
36.7%
Key Growth Sectors
Tourism
Transport
7.7%
$49bn
Other
13.1%
Public
Admin.
13.8%
البنك العربي
ARAB BANK
Jordan Economic Modernization Vision
35 Sectors
Mining
366 Initiatives
Manufacturing
ཎྜ
8 Growth Drivers
10 Key success factors
000
I§I
Financial Services
8 Main Goals
004
Manufacturing,
17.2%
Monitoring and
Evaluation Units
ICT
Source: DOS, World Bank, Invest Jo, Unicef, Amman Stock Exchange
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