SGBJ - The Acquisition
||Jordanian Economy Highlights
2.0%
Real GDP Growth Rate
2.7%
2.2%
Inflation Rate
4.1%
0.8%
0.3%
1.4%
Foreign Currency Reserves (USD Bn)1
18.0
16.9
15.9
14.3
2019
2020
2021
Oct, 2022
2019
2020
2021
Oct, 2022
2019
2020
2021
Nov, 2022
-1.6%
Jordan established a track record of fiscal
reform implementation and prudence
(backed by the IMF) which will likely
contribute to a further narrowing of its
fiscal deficit and a decline in government
debt over the next few years.
The annual inflation rate in Jordan
reached 4.1% in October of 2022. Upward
pressure came mostly from prices of
housing and utilities, notably fuels and
electricity. Financial challenges in the
electricity sector are exacerbating fiscal
pressures as subsidies have increased
considerably on the back of high
international commodity prices.
Foreign Currency Reserves reached
USD 16.9 billion - a decrease from
year end of 2021 which amounted to
USD 18 billion however remains
-
higher than the average of USD 16
billion between the years 2019 to
2021.
1 Includes gold and SDRs.
Source: Central Bank of Jordan, and the International Monetary Fund (IMF).
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