Jordan’s Economy Grows by 2% in Early 2024

Amman, Jordan – Jordan’s gross domestic product (GDP) recorded a growth of 2% at constant prices during the first quarter of 2024 compared to the same period last year. This growth combines improvements in key economic indicators and ongoing challenges that need strategic solutions for sustainable growth.

Sector Growth

The extractive industries sector achieved the highest growth at 6.3%, contributing 0.18% to the overall growth rate. The agriculture sector followed with a 5.7% growth and a 0.30% contribution. The electricity and water sector grew by 4.8%, contributing 0.07%, and the manufacturing sector grew by 3.9%, contributing 0.67%.

IMF Report

According to a report by the International Monetary Fund (IMF), Jordan’s national economy remains steadfast and resilient despite successive challenges.