Standard & Poor’s (S&P) announced the stabilization of Jordan’s long-term sovereign credit rating in both local and foreign currency at BB-, with a stable outlook.
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The agency noted in its report that the rating stabilization reflects macroeconomic stability, progress in economic and financial reforms, strong international support for Jordan, and the country’s resilience in handling recent regional security disturbances.
S&P projected Jordan’s economic growth at 2.6% for 2025, supported by regional developments, a recovery in the tourism sector, and a gradual increase in trade volume with Syria and Iraq, with growth expected to reach 3% and 3.1% in 2026 and 2027, respectively.
Regarding public finance indicators, the agency forecasted a decline in the consolidated budget deficit to 2.4% of GDP in 2025, compared to 2.8% in 2024, and expected the debt-to-GDP ratio to gradually decrease over the coming years.
On monetary indicators, S&P highlighted that the pegging of the Jordanian dinar to the U.S. dollar has contributed to price stability and contained inflation rates. The agency expects inflation to remain at acceptable levels in 2025, reaching around 2.0%.
