Jordan’s national economy has once again demonstrated its ability to adapt to external challenges and regional tensions, enabling it to achieve 3 percent growth in the second quarter of the current year.
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The growth, which exceeded international institutions’ expectations, was supported by strong performance across productive sectors, stable prices, and solid foreign reserves. These indicators reinforce confidence in the economy’s ability to maintain stability and continue growing despite ongoing uncertainty in the region.
The results reflect a series of government decisions and measures that shielded economic sectors from the repercussions of regional instability while absorbing pressures on supply chains and transportation, as well as rising global shipping and insurance costs.
Positive indicators across most areas of the national economy, supported by notable momentum in the industrial and agricultural sectors, are providing further impetus to steadily implement the Economic Modernization Vision and accelerate major strategic projects.
Economic experts told the Jordan News Agency (Petra) that the positive growth indicators reflect the resilience of the national economy and its ability to absorb regional pressures while maintaining economic activity. They stressed the importance of building on this performance by supporting domestic production, attracting investment, diversifying exports, and pursuing other measures.
They noted that sustaining growth requires continued implementation of reforms and productive projects, while maintaining fiscal and monetary stability. Such measures would strengthen the economy’s ability to withstand risks and transform economic growth into job opportunities and tangible improvements in living standards.
Economic and investment expert Khaled Al-Rababah said real GDP growth of 3 percent in the second quarter of the current year, despite complex regional conditions, reflects the resilience of the national economy and its ability to maintain activity despite surrounding pressures.
He added that manufacturing growth of 6.2 percent and agricultural growth of 7.8 percent highlight the importance of productive sectors in supporting growth, strengthening food security, and improving the competitiveness of Jordanian products in foreign markets.
Al-Rababah noted that keeping inflation at 2.26 percent, alongside international credit ratings and a stable outlook for Jordan, strengthens confidence in the national economy and monetary and fiscal policies, while supporting the Kingdom’s ability to meet its obligations amid an uncertain regional environment.
He stressed the importance of continuing to support domestic production and expanding investment opportunities to strengthen the economy’s ability to withstand fluctuations and preserve its stability.
Meanwhile, Hashemite University economics professor Dr. Alaa Al-Bashaireh said assessing economic performance involves more than overall growth or inflation rates; it also requires examining the nature and sources of growth, its sustainability, and its impact on the labor market and household incomes.
She explained that manufacturing growth of more than twice the overall economic growth rate carries important implications for productive activity, opportunities to increase value added, expand exports, and replace some imported goods with locally produced alternatives.
She noted that agricultural growth supports food security and reduces exposure to disruptions in external supplies. Maintaining this positive performance and expanding it across a broader range of sectors would signal the beginning of a sustainable structural transformation.
Al-Bashaireh stressed the importance of directing investment incentives toward activities that generate local value added and create genuine employment opportunities, alongside diversifying export markets, deepening manufacturing, and improving public spending efficiency while preserving productive investment and essential services.
For his part, economic and investment expert Wajdi Makhamreh said continued growth amid regional tensions demonstrates the national economy’s ability to adapt to changing conditions. However, he noted that these circumstances continue to pose risks related to energy, transportation and insurance costs, supply-chain disruptions, and the possibility of declines in tourism, investment and demand for exports.
He added that growth in the industrial and agricultural sectors strengthens domestic production and supports opportunities to expand into foreign markets. He emphasized the importance of ensuring that the benefits of growth extend to the labor market and household incomes, noting that creating jobs and improving purchasing power should remain priorities alongside policies aimed at preserving stability.
Makhamreh called for supporting small and medium-sized enterprises and directing investment toward export-oriented industries, food industries and high-value-added sectors. He also urged linking investment incentives to actual job creation, diversifying trade markets and sources of supply, and strengthening food and energy security.
Jordanian economic indicators showed continued economic activity during the current year, with real GDP growing by 3 percent in the second quarter, compared with 2.8 percent during the same period last year, driven by the performance of several productive and service sectors.
Manufacturing grew by 6.2 percent and agriculture by 7.8 percent during the second quarter of the current year, while electricity supply increased by 5 percent and water supply by 4.1 percent.
Manufacturing contributed approximately 1.04 percentage points to real GDP growth, compared with 0.34 percentage points from agriculture and 0.25 percentage points from wholesale and retail trade.
Manufacturing accounted for approximately 17.2 percent of real GDP during the second quarter of the current year, followed by real estate activities at 12.2 percent, public administration and defense at 7.9 percent, and wholesale and retail trade at 7.1 percent. The figures reflect the diversity of economic activities contributing to Jordan’s GDP.
Source: Petra
