Economic situation Low growth rates, strong commitment to reform

Jordan is a resource-poor country with a weak economic base and a large informal sector. The COVID-19 pandemic and the war in Ukraine have had a severe impact on the country's service-oriented economy. Trade and tourism in particular are severely affected by the regional conflicts.

After the country had overcome the impact of the pandemic, the global rise in commodity prices caused by Russia's war of aggression against Ukraine impacted on Jordan's economy. Food prices had already begun to rise before the war broke out. The International Monetary Fund (IMF) expects that growth in 2025 will be about 2.6 per cent.

In June 2022, the government, at the initiative of the royal family, presented a reform package for more jobs and better living conditions. More money is to be invested in strategic and entrepreneurial projects, innovation, research, and development. Moreover, the government wants to create a conducive environment for the sustainable development of small and medium-sized enterprises.

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As at: 25/08/2025