Jordan’s GDP grows 2% in Q1 ’24

Jordan’s gross domestic product (GDP) surged by 2 per cent at constant prices during the first quarter of 2024 compared to last year.  The country’s economic performance in the first half of this year showed an improvement in some key economic indicators while still facing challenges that demand strategic solutions for sustainable growth.

An International Monetary Fund (IMF) report described the national economy’s performance as “steadfast and resilient” in the face of “successive” challenges.

During this period, the extractive industries sector achieved the highest growth at 6.3 per cent, contributing 0.18 per cent to the overall growth rate. The agriculture sector followed with a 5.7 per cent growth and a 0.30 per cent contribution, the electricity and water sector grew by 4.8 per cent with a 0.07 per cent share, and the manufacturing sector saw a 3.9 per cent growth, contributing 0.67 per cent.

Attribution: Emirates News Agency (WAM) citing data.