Jordan 

Jordan country policy

Policy established 02 February 2005

• ILC, bank guarantee or central public guarantee (unconditional)
• The country ceiling is 1000 mln euro
• Early warning signal 750 mln euro
• - of which was used as at 2011-12-31 0 mln euro

Country class: 5

Jordan country facts

Atradius Dutch State Business Economic Research 

Country Report last updated :  January 23th, 2012 
Country :  JORDAN 

Political Situation
Rather Stable Despite Some Popular UNREST

Head of state
King Abdullah II.

Form of government
Absolute monarchy: the King appoints the government.

Internal Economic Situation
Reasonable But Relying On Foreign Aid

General situation
Moderate GDP-growth with regional political instability having an unfavourable impact on tourism and FDI. Inflation has reached 6.4% in 2011 despite risen price subsidies on food and oil. Well capitalised and liquid financial sector; 5 banks dominate the sector. Moderately high corruption: 50th of 178 TI  Index. Jordan is the world’s 3rd largest supplier of phosphates. 
 
External Economic Situation
Reasonable

Main sources of foreign exchange
Phosphates, textiles, tourism, transfers, agricultural goods.

Main foreign markets
USA (13%), Iraq (13%), India (11%), Saudi Arabia (9%).

Main expenses of foreign exchange
Imports of capital and semi-finished (manufactured) goods, fuels. 
 
Balance of payments 

Exports to Asia and trade with Iraq are the most dynamic; Jordan receives discounted oil from Iraq. The current account deficit peaked at 13% GDP in 2011. It is financed by (declined) FDI and (concessional) capital imports.