Anbar Asia

The economic situation of Jordan

MARKET OF JORDAN

Jordan is a small country with limited natural resources

Marketing in Jordan Market

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What are your import or export?

  • Chemicals
  • Construction Materials
  • Gemstones
  • Metals
  • Minerals
  • Natural Stones
  • Petrochemicals
  • Petroleum
What are your import or export?
  • Chemicals
  • Construction Materials
  • Gemstones
  • Metals
  • Minerals
  • Natural Stones
  • Petrochemicals
  • Petroleum

Which country do you want to trade with?

  • Afghanistan
  • Armenia
  • Azerbaijan
  • Bahrain
  • Egypt
  • Georgia
  • Iran
  • Iraq
  • Israel
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Pakistan
  • Qatar
  • Saudi Arabia
  • Syria
  • Turkey
  • United Arab Emirates
  • Yemen
Which country do you want to trade with?
  • Jordan
Jordan is a small country with limited natural resources

Jordan is a small country with limited natural resources. The country is currently finding ways to expand its limited water supply and is making better use of its existing resources, especially through regional cooperation. Jordan also depends on foreign sources for most of its energy needs. During the 1990s, the country's crude oil needs were met by imports from Iraq and other neighboring countries. 

Since early 2003, Jordan's oil needs have been supplied by GCC member states. In addition, the Arab gas pipeline from Egypt to the southern Jordanian port city of Aqaba was completed in 2003. The Jordanian government is currently planning to extend the gas pipeline north to Amman‎‎ and beyond.

Jordan's population growth rate is high but has declined in recent years to 2.8%. One of the most important factors in the government's efforts to improve the social welfare of its citizens is the macroeconomic stability of the country, which has been achieved since the 1990s. Nevertheless, the unemployment rate in this country is high. 

The official unemployment rate in Jordan is 12.5% ​​and the unofficial figure is around 30%. Price inflation is low, reaching 2.3% in 2003. Money circulation in Jordan is also stable and the exchange rate has been set in US dollars since 1995.

Although Jordanians are seeking economic reforms and increasing their country's trade, Jordan's economy remains vulnerable to external shocks and regional unrest. If there is no peace in the region, it seems that economic growth is doomed to be below its potential. As for the optimistic aspect of Jordan, we can mention its capacity and ability in solar energy, which is owed to the deserts of this country. 

This solar energy is not only for the production of pollution-free electricity but also for ancillary tasks such as seawater desalination of the Trans-Mediterranean Renewable Energy Cooperative (TREC).

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