Private Sector Companies are the Backbone of the Jordanian Economy

  • Amman, Hashemite Kingdom of Jordan
  • 17 June 2021
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The Jordan Strategies Forum issued a policy paper entitled "The Role of the Private Sector in the Jordanian Economy: Contributing to Promoting Growth and Reducing Unemployment", showing the importance of private sector companies that form the backbone of the Jordanian economy, this is through its contribution to the gross domestic product, job creation, and fixed capital formation, in addition to its contribution to paying taxes that supplement the level of public revenues in the Jordanian economy.

The paper showed that the government maintained its share of the size of the Jordanian economy by about 14-15 percent (relative to the gross domestic product), while the rest of the economy maintained the equivalent of 85% of the GDP, the sectors with a large contribution to the economy constituted about 36% of the real GDP, whilst the size of the medium sectors constituted about 27 percent of the real GDP. As for the small sectors, they constituted about 11.5 percent of the real GDP. On the other hand, the paper highlighted that the contribution of the private sector exceeds the public sector in terms of investment activities.

Source (Al-Dustour Jordanian Newspaper, Edited)