Fiscal Balance in Jordan

Jordan Fiscal Balance | Economic News & Forecasts

Jordan - Fiscal Balance

The economy appears to have finally turned a corner in the first quarter. In March, industrial output increased for the second consecutive month and at the fastest pace since November 2017, thanks to greater manufacturing and electricity output, and despite falling quarrying production. Moreover, the merchandise trade deficit narrowed noticeably in Q1 in annual terms, as exports rose on the back of increased clothing shipments, while imports decreased on a fall in oil purchases. Meanwhile, on 9 May, Prime Minister Razzaz reshuffled his cabinet in an attempt to strengthen his mandate to accelerate economic reforms. Three days prior, the IMF stressed that it was “critical” Jordan pursues reforms to reduce both the fiscal deficit and costs of doing business.

Jordan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.5  -2.3  -3.5  -3.2  -2.6  

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Jordan Fiscal Balance Chart

Jordan Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Jordan and Met the why particular calculations.

Jordan Facts

Exchange Rate0.710.0 %Jan 31
Stock Market3,5160.08 %Jun 13

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