Economists have affirmed that the latest report from Standard & Poor’s (S&P) underscores the resilience and stability of Jordan’s national economy, highlighting its ability to overcome challenges and sustain growth, and confirming that the country’s economic trajectory is on a sound path.
اضافة اعلان
S&P recently maintained Jordan’s long-term sovereign credit rating in both local and foreign currencies at BB-, with a stable outlook, citing macroeconomic stability, progress in economic and financial reforms, economic flexibility, rising foreign reserves, and continued donor support.
Economists told the Jordan News Agency (Petra) that maintaining the credit rating sends a strong signal of confidence to regional and international markets, showing that Jordan’s economy remains stable despite regional challenges. They noted that several positive economic indicators achieved since mid-last year contributed to S&P’s decision, reflecting the robustness of Jordan’s economy and the trust international financial institutions have in its economic policies.
Key Insights from Business Leaders:
Ayman Al-Alawneh, Chairman of the Jordanian Businessmen Association, emphasized that projected economic growth of 2.8% in 2025 and 3% in 2026 has a direct impact on borrowing costs, liquidity, and government debt management, supporting stable interest rates on government bonds and easing pressure on the state budget.
Al-Alawneh also noted that a stable credit rating attracts foreign investment, signaling to investors that Jordan is unlikely to face sudden economic setbacks, thereby boosting confidence in sectors like industry, tourism, renewable energy, and services, creating jobs and increasing tax revenues.
He stressed that a stable rating supports the Jordanian dinar and foreign reserves, enhances monetary stability, and strengthens the Central Bank’s ability to manage external shocks.
Improved confidence also benefits the private sector, facilitating project expansion, easier access to financing, and a more stable business environment, potentially driving growth rates above 5% to reduce unemployment and achieve economic modernization goals.
Fathi Al-Jubeir, Head of the Jordan and Amman Chambers of Industry, highlighted that the maintained rating reflects the robustness of the national economy and Jordan’s ability to meet financial obligations, thanks to ongoing economic and financial reforms and macroeconomic stability. He emphasized that the rating enhances the investment climate, encouraging both domestic and foreign investments despite regional political and economic challenges.
Al-Jubeir pointed out that the industrial sector is a key driver of economic growth, contributing to exports, job creation, and added value, and that positive economic forecasts position Jordanian industry to expand capacity, attract investment, and access new markets, supporting higher economic growth in the coming years.
Economic Expert Munir Deyya added that positive economic indicators achieved since mid-last year, including a growth rate of 2.8%, increased foreign reserves, rising exports, tourism revenue, foreign investment inflows, and higher local currency deposits (~JD 50 billion) with increased bank credit (~JD 32 billion), prompted S&P and other international agencies to maintain or raise Jordan’s rating. This offers an opportunity to further reduce high-cost public debt and replace it with lower-cost financing at reduced interest rates.
Deyya stressed that achieved stability, low inflation (~2%), and a reduced budget deficit (1.6%) have strengthened both domestic and international confidence in Jordan’s economy, enabling continued positive performance in upcoming periods.
S&P is among the largest global independent credit rating agencies and is widely known for the S&P 500 index, which tracks the performance of the 500 largest publicly traded companies in the U.S. markets.
