Why Jordan?

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The economy in Jordan is the knowledge economy that is on the path of education development, privatization, continuous economic liberalization, with economic restructuring to ensure a path to a knowledge-based economy. The main obstacles to the Jordanian economy are scarce water resources, full dependence on oil imports for energy, and regional instability.

Jordan has rapidly privatized state-owned sectors, liberalized the economy, and stimulated unprecedented growth in urban centers in Jordan, such as Amman and Aqaba in particular. In Jordan, six special economic zones attracted a large amount of investments amounting to billions in Aqaba, Mafraq, Ma’an, Ajloun, the Dead Sea and Irbid. In addition to the presence of a large number of industrial areas that produce goods in the sectors of spinning, weaving, pharmaceuticals, cosmetics, defense industries, space, communications and information technology. In the future, Jordan is pinning its hopes on tourism and uranium exports, as well as oil shale, trade and ICT for future economic growth.

Jordan is classified as a middle-income country with an average per capita GNI of $ 4,380. Jordan lacks agricultural land and natural resources, while phosphate is the most important commodity it exports. Jordan suffers from scarcity of water resources, ranking fourth in the world’s poorest countries in terms of water resources. The services sector accounts for 70% of GDP and 75% of the labor market. As one of the most open economies in the region, Jordan enjoys good and complementary relations with neighboring countries through trade and finance, foreign direct investment and tourism.

Jordan is a country with high levels of education, literacy and living standards, compared to other countries with similar incomes. Macroeconomic stability is one of the most important factors in the Government’s efforts to improve the well-being of its citizens and to restore the macroeconomic stability that Jordan has experienced since the 1990s.

Tourism is the lifeblood of the Jordanian economy. It is the largest export sector, the second largest private sector, the second largest private sector operator and the second largest foreign exchange producer. Tourism contributes more than $ 800 million to Jordan’s economy, accounting for 10% of the country’s GDP.