Amman: Many indicators of the national economy witnessed “remarkable” growth during the past period of the current year 2024, amid the region’s geopolitical challenges, which continue to affect the overall performance of Jordan’s economic activity.
Jordan’s economic performance during the first half of this year combined improvement in some key economic indicators and the continued economic challenges that require strategic solutions to achieve sustainable growth.
Despite regional instability due to the consequences of the Israeli aggression against Gaza, Jordan remains “committed” to carrying out sound economic policies, aimed to maintain stability of the country’s overall economy and move forward with the implementation of the Economic Modernization Vision.
According to a report by the International Monetary Fund (IMF), performance of the national economy continues to be “steadfast and resilient” during “successive” challenges, primarily due to the brutal aggression on Gaza, and the Red Sea crisis that a
ffected trade movement.
The latest economic indicators monitored by “Petra” for various periods since the beginning of 2024, showed that the gross domestic product (GDP) recorded a growth of 2% at constant prices during the first quarter of the current year 2024 compared to the same period last year.
The extractive industries sector achieved the “highest” growth during this period at 6.3%, contributing 0.18% to the achieved growth rate, followed by the agriculture sector at 5.7% with a 0.30% contribution, then the electricity and water sector at 4.8%, with a 0.07% share, followed by the manufacturing sector, which grew by 3.9% and a 0.67% contribution.
Additionally, domestic revenues during the first quarter of the current year reached JD2.041 billion, marking an increase of JD45.6 million, compared to the same period of the previous year, which cover current expenditures by 85.4%, while tax revenues increased during the measurement period by about JD61.7 million.
In terms of public spending, the total sp
ending of the central government/budget during the first quarter of 2024 amounted to about JD2.488 billion, compared to JD2.387 billion during the same period of the previous year.
As a result of previous developments, the pre-aid general budget recorded a financial deficit of about JD428.8 million, compared to about JD381.1 million in the same period last year.
Source: Jordan News Agency