Moody’s Credit Rating Agency announced the completion of its periodic review of Jordan’s ratings, emphasizing that the report does not constitute a new rating decision but provides a continuing assessment of Jordan’s economic and financial situation.
اضافة اعلان
According to Moody’s, Jordan’s long-term local and foreign currency ratings (Ba3) reflect the strength of state institutions in economic and financial policy-making, strong international support, and access to substantial domestic savings. These positive factors are balanced against challenges such as high public debt, unemployment, relatively modest economic growth, and volatile regional pressures.
Jordan maintained macroeconomic stability this year, with real GDP growth of 2.8% in the first half of 2025, supported by manufacturing, tourism, and business services sectors, and is expected to end the year at 2.7%.
Growth is projected to rise to around 3% during 2026–2027, supported by major projects such as the Aqaba desalination plant and the development of the Risha gas field. Additionally, Jordan’s external position benefits from strong tourism inflows and a sharp increase in exports to Syria, helping to diversify the export base.
The general government deficit is expected to remain at 2.9% of GDP in 2025, before declining to about 2.1% in 2026–2027, alongside ongoing tax reforms under Jordan’s program with the IMF, aimed at supporting gradual fiscal consolidation.
Jordan’s economic strength rating reflects its moderate growth performance, economic openness, and low growth volatility, while institutional and governance strength stems from a strong track record in implementing fiscal policies and economic reforms, with the ability to withstand economic shocks.
The financial strength rating benefits from the reliable peg of the Jordanian dinar to the U.S. dollar, which reduces government exposure to adverse exchange rate fluctuations.
Future Outlook for Jordan’s Credit Profile
Moody’s notes that broad reforms could enhance foreign investment, medium-term growth, and employment, while reducing social risks, thereby strengthening the Jordanian economy over the long term.
A sustained and credible reduction in regional geopolitical risks would further improve the long-term economic development outlook for Jordan and could potentially lead to an upgrade of its credit rating.
