Arab Bank Digital Transformation and Growth Strategy slide image

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% in¸lmi il...kı 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 20 20
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