Jordan’s GDP grows 2% in Q1 2024 amid economic resilience

Amman (Jordan), July 7 (ANI/WAM): Jordan’s gross domestic product (GDP) recorded a growth of 2 percent in constant prices in the first quarter of 2024 compared to the same period last year, according to the latest economic indicators monitored by the Jordan Information Agency (Petra).

Jordan’s economic performance in the first half of 2024 shows improvement in some key economic indicators in the face of ongoing economic challenges requiring strategic solutions to achieve sustainable growth.

The International Monetary Fund (IMF) reported that the national economy remained “steadfast and resilient” despite the challenges that followed. The mining sector grew the most at 6.3%, contributing 0.18% to the growth rate. The agriculture sector grew by 5.7%, contributing 0.30%, and the electricity and water sector grew by 4.8%, contributing 0.07%. The manufacturing sector grew by 3.9%, contributing 0.67% to the overall growth.

(Disclaimer: Based on information obtained from the agency.)