The Jordanian experience in controlling inflation has emerged as one of the most stable and balanced models at the regional level. It may deserve to be studied as an example of cautious economic management during periods of crisis. While global inflation averaged 5.2% over the past five years, Jordan maintained an average of only 2.2%, a gap that reflects clear success in managing monetary and economic policy.
اضافة اعلان
Since 2021, the global economy has faced a series of successive shocks, beginning with the COVID-19 pandemic, followed by disruptions in global supply chains and rising energy and shipping prices, and later regional wars and conflicts that directly impacted international markets. During this period, major economies experienced inflation rates exceeding 8% and 10%, prompting central banks worldwide to raise interest rates rapidly in an attempt to curb rising prices.
In contrast, Jordan managed to keep inflation at acceptable levels. In 2022, when global inflation peaked at around 7.9%, Jordan recorded only 4.23%, before declining to 2.08% in 2023, then to 1.56% in 2024, and stabilizing at 1.77% in 2025. These figures reflect coherent monetary and fiscal policies that successfully contained inflationary pressures.
Jordan’s success in controlling inflation cannot be discussed without highlighting the continuous royal directives emphasizing the importance of maintaining strategic reserves of essential goods, strengthening national food security, and diversifying supply sources.
This vision provided a general framework for successive governments and contributed to building national resilience capable of facing crises without severely affecting citizens’ lives or market stability.
The Central Bank of Jordan also maintained a balanced approach focused on protecting the stability of the dinar exchange rate, strengthening confidence in the banking sector, and managing monetary policy tools with flexibility and caution. The stability of the national currency over decades has formed the first line of defense against imported inflation, especially in an economy that relies heavily on imported essential goods.
The proactive decisions taken by the Central Bank during successive crises whether during COVID-19 or recent regional disturbances helped maintain market stability and prevent external shocks from directly affecting Jordanian consumers. At the same time, the government played a complementary role by ensuring the continuous flow of essential goods, securing energy and food supplies, and preventing supply bottlenecks.
What distinguishes the Jordanian case is that inflation control was achieved without compromising the availability of goods or market stability.
Despite global supply chain disruptions during the pandemic and subsequent crises, the Kingdom did not experience significant shortages in essential goods, while local productive sectors, especially industry, continued to meet market needs.
Today, while many global economies still face high inflationary pressures, indicators suggest continued price stability in Jordan. Inflation during the first five months of 2026 stood at only 1.88%, with the Central Bank expecting it to remain around 2% for the year. This level is considered optimal, achieving a balance between price stability and stimulating economic and investment activity.
Regional and global challenges remain, particularly with ongoing geopolitical tensions and their impact on energy and international trade. However, what has been achieved over recent years demonstrates Jordan’s strong ability to manage economic shocks efficiently.
More importantly, the experience confirms that sound monetary policies, when combined with balanced economic management and a proactive vision, can protect the national economy and preserve citizens’ purchasing power even under the most difficult conditions.
