AMMAN — The
Jordanian Strategies Forum announced on Monday
that the
Jordanian Prosperity Index has seen a modest increase in 2023, with a
0.5 percent growth compared to the previous year. The index reached 146.5
points, marking the second weakest performance since 2012.
اضافة اعلان
The forum released its highly anticipated fourth update of
the
Jordanian Prosperity Index report for 2023. This comprehensive report
assesses the well-being level in the Kingdom using a wide range of local
sub-indicators while also taking the renowned
Legatum Prosperity Index as a
primary benchmark within the economic update vision, Khaberni reported.
Aims to elevate in top 30 percent of countries in the index
The vision aims to
elevate Jordan's performance to be among
the top 30 percent of countries in the index.
According to the forum, the index comprises two main
sub-indices with a total of 12 dimensions. The first sub-index is the
“
Quality-of-Life Index,” which measures "intangible" factors such as
emotions, personal relationships, political freedoms, comfort, and the ease of
bureaucratic procedures.
The second sub-index is the “
Evaluative Well-being” Index,
which evaluates the tangible state of individuals using measurable indicators
such as income, employment, infrastructure, governance, and more.
These indices are measured through three evaluation domains:
"Inclusive Society," which represents the social characteristics of
people; "
Growth and Investment," reflecting the main aspects of the
economy; and "Empowered Citizen," representing the social welfare of
citizens.
Regarding the main indices, the “
Quality-of-Life” Index
recorded a 1.4 percent increase, reaching 152.5 points. This improvement can be
attributed to Jordan's enhanced performance in sub-indices such as conflict
resolution effectiveness, protection of property rights, and digital skills
among the population.
However, Jordan's performance in the
Evaluative Well-being Index experienced a decline of 0.3 percent, reaching approximately 141.9
points. This downturn was primarily driven by weak performance in the
Business Costs Index due to issues such as crime and violence, low female participation
in the labor force, and limited renewable water resources.
Jordan’s ranking
In terms of international comparison within the Legatum
Prosperity Index for 2023, the forum's report revealed that Jordan ranked 86th
out of 167 countries overall. This indicates that Jordan's performance is among
the top 50 percent of participating countries in the report, demonstrating
progress compared to its 2018 ranking of 90th out of 149, where it fell within
the weakest 40 percent of participating countries.
Among the 167 countries featured in the
Legatum report,
Jordan performed strongly in the Private Sector Institutions Index, ranking
41st, and the Investment Environment Index, ranking 50th.
However, it struggled in areas such as the
Social Capital Index (152nd), Natural Environment (146th), Economic Quality (121st), and
Personal Freedom (116th), showcasing areas that require attention for
improvement.
The goals of the prosperity index
Highlighting the significance of the Jordanian Prosperity
Index, the forum emphasized its role in providing comprehensive information to
policymakers and decision-makers in the country.
It enables them to prioritize national issues and take the
necessary actions to achieve higher levels of prosperity.
Additionally, the index sheds light on areas for business
climate development and attracting investments. It serves as a reference for
monitoring government measures and evaluating performance across vital areas.
In light of these findings, the Jordanian Strategies Forum
recommended several measures to enhance Jordan's performance.
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