Decline of Jordanian Current Account Deficit

  • Amman, Hashemite Kingdom of Jordan
  • 14 May 2019
1

The figures from the Jordanian government showed that the balance of payments of the current account deficit fell by 3.6% to reach 7.0% of the GDP.

The national exports continued to grow during the first two months of 2019 with the same pace as last year, rising by 11.4% as a result of the increase in national exports to the GCC, India, USA and Iraq by 7.0%, 11.9% and 14.0% & 3.7% respectively. On the other hand, the imports during the first two months of 2019 decreased by 1.8%, these results led to a decrease in the trade balance deficit during the first two months of 2019 by 7.8% compared to the same period of 2018.

Tourism income grew for the third year in a row, rising by 5.2% in the first quarter of 2019 compared to the same quarter of 2018. The revenue of the first quarter of 2019 increased by 61.7% and 24.0%, respectively.

With regard to the remittances of Jordanians working abroad, it increased in the first quarter of 2019 by 3.6% compared to the same period of 2018.

Source (Al-Dustour newspaper – Jordan, Edited)

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW