FX.co ★ Jordan Q4 GDP Growth Strongest in Over a Year

In the fourth quarter of 2024, Jordan's economy experienced a year-on-year growth of 2.7%, an improvement from the 2.6% increase observed in the previous quarter. This represents the most robust expansion since the third quarter of 2023. Notably, there was an acceleration in production across several sectors: agriculture increased by 8.4% compared to 6.0% in Q3, manufacturing grew by 4.9% up from 4.3%, and the wholesale, retail trade, restaurants, and hotels sector expanded by 3.1%, following a 1.9% growth in Q3. Likewise, the transport, storage, and communications sector rose by 3.7%, an improvement from the prior 3.4%. Conversely, the growth in output slowed for the electricity and water sector, registering a 4.2% increase from a previous 4.4%, and for community, social, and personal services, which grew by 1.8% down from 2.0%. The finance, insurance, real estate, and business services sector maintained a steady growth rate of 1.9%. On the downside, the construction sector continued to shrink, declining by 0.9% compared to a 0.3% reduction in the preceding quarter.