Tourism Revenues & Expatriate Remittances Revive the Jordanian Economy

  • Amman, The Hashemite Kingdom of Jordan
  • 17 June 2019
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Tourism revenues and expatriate remittances in Jordan rose by the end of the first third of this year, with the total revenues of these sectors approaching the $3 billion between January and April of 2019.

The revenues of the tourism sector rose by 6.1 percent to reach 1.2 billion dinars ($1.74 billion), compared to 1.64 billion dollars a year ago, according to the Central Bank of Jordan.

It is clear that the obstacles to the recovery of tourism sector are gradually eroding after being affected by the region's crises, which have been exacerbated in recent years, and that is thanks to the government strategy aimed at attracting new markets and diversifying the revenues of this vital sector.

Tourism is driving the locomotive of the growth-hungry local economy, with most of the other growth engines deteriorating, affecting all aspects of life for citizens.

For many years, Jordan's economy, with a population of about 9.5 million, and the Sahara account for about 92 percent of its territory, relies heavily on tourism revenues, which account for between 12 and 13 percent of its GDP.

Source: (Al-Arab Al-London Newspaper, Edited)

 

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