AMMAN – A "noticeable"
improvement was made in performance indicators of the
Kingdom's economy since
the beginning of 2023, overcoming obstacles and challenges, official figures
showed.
اضافة اعلان
According to the latest and key economic
indicators monitored by the Jordan News Agency, Petra for various periods of
2023, the Kingdom’s gross domestic product at current and constant market
prices grew by 2.6 percent during the second quarter of 2023, compared to the
same period last year.
The data revealed that agriculture,
hunting, forestry, and fishing sector achieved the highest growth rate during
this period at 8.2 percent, followed by the transportation, storage, and
communications sector at a 5.2 percent, then the extractive industries sector
at a 4.3 percent rate.
Additionally, the
Kingdom's trade balance
deficit dropped by 11.0 percent from the beginning of 2023 until end of
September, to reach JD7.078 billion, compared to JD7.957 billion for the same
period last year.
The value of national exports went down by 2.0
percent until end of September, reaching JD6.272 billion, compared to JD6.402
billion for the same period last year.
On the other hand, the value of the
Kingdom’s imports plummeted by 7.0 percent from the beginning of 2023 until the
end of last September, reaching JD13.842 billion, compared to JD14.890 billion
for the same period last year.
Moreover, unemployment rate in the
Kingdom decreased during the third quarter of 2023 by 0.8 percent, compared to the
third quarter last year, and the rate remained stable to record 22.3 percent,
compared to the second quarter of 2023.
During the past ten months of 2023, figures
showed the
Kingdom's tourism income grew by 34.7 percent, compared to the same
period last year, recording $6.4 billion, driven by an increase in the number
of tourists, which reached 5,560 million guests, marking a growth rate of 34
percent.
The value of the
Kingdom's foreign reserves
amounted to about $17.4 billion, which covers the Kingdom's imports of goods
and services for 7.6 months, which tops the generally accepted international
standard for three months.
The Kingdom's exports of goods and services
increased by 15.3 percent, reaching about $11 billion during the first half of
2023.
Jordanian expatriates' remittances recorded
$2.862 billion during the past ten months of 2023, marking an increase of 1.1
percent, compared to the corresponding period in 2022, which amounted to $2.829
billion.
However, inflation rose from the beginning
of 2023 until the end of last October by 2.21 percent.
During the second quarter of 2023, total
flows of inward foreign direct investment (FDI) into the Kingdom surged by 85.7
percent, reaching $383.8 million, compared to the same period last year,
according to statistics.
Meanwhile, the value of inward foreign
direct investment flows into the Kingdom amounted to about $776 million during
the first half of 2023, marking an increase of 20.9 percent against the
corresponding period of 2022.
Assets of the
Social Security Investment Fund (SSIF) increased to about JD14.5 billion at end of the third quarter of
2023, with a growth rate of 5.2 percent, the figures revealed.
The industrial producer price index dropped
by 4.54 percent from the beginning of 2023 until the end of last October, while
the general wholesale trade prices index increased during the first three
quarters of 2023 by 1.68 percent.
The total area of licensed buildings in the
Kingdom also rose from the beginning of 2023 until the end of last September to
7.058 million square metres, compared to 6.538 million square metres,
constituting a 8 percent increase.
The General Industrial Production
Quantities index dropped from the beginning of 2023 until the end of last
September by 2.54 percent.
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