The Hashemite Kingdom of Jordan, is a country in Western Asia, with a population of 10 million, Jordan took its name from the Jordan River, which forms much of the country's northwestern border. Jordan has a high Human Development Index, ranking 102nd, and is considered an upper middle-income economy. The Jordanian economy, one of the smallest economies in the region, is attractive to foreign investors based upon a skilled workforce. The country is a major tourist destination, also attracting medical tourism due to its well-developed health sector. The economy of Jordan is classified as an emerging market economy, as it considered one of the most developed Arab markets outside the Persian Gulf states. Jordan's economy is expected to grow by 2.4 per cent in 2022, compared with 2.2 per cent in 2021, according to an International Monetary Fund (IMF) report
Jordanian culture is a harmonious blend of ancient, modern, religious and secular. As a predominantly Muslim country, Jordanians practice their religion as a personal spiritual journey and are accustomed to welcoming travelers from abroad whose practices differ from their own. Nestled in the heart of the three continents of the ancient world, Jordanian culture has been heavily influenced by its history as a vital part of the trade route. Jordan’s past as a host country to travelers from all over the world continues to this day, as tourists flock to top bucket-list destinations like Petra and Wadi Rum.
Jordan's growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have cushioned the economy and strengthened macro-economic stability.
A Gateway to the World!
Jordan has free trade and association agreements with the United States, Canada, the European Union and other Arab countries. Investing in Jordan gives access to the Middle East and GCC and the Arab Jordan's economic freedom score is 60.1, making its economy the 87th freest in the 2022 Index. Jordan is ranked 5th among 14 countries in the Middle East and North Africa region, and its overall score is above the regional and world averages Jordan's economy is expected to grow by 2.4 per cent in 2022, compared with 2.2 per cent in 2021, according to an International Monetary Fund (IMF) report. In its World Economic Outlook report, the IMF expected Jordan's economy to grow by 2.7 per cent in next year, and by 3.3 per cent five years from now.
Boasting of an investor friendly environment, modern infrastructure, robust economic growth, political stability and security, the Jordanian economy is attractive to foreign investors because of its skilled workforce and employment opportunities. Jordan’s primary exports are clothing, potash and phosphates; the main imports are machinery, petroleum, and food products. Major sources of imports are Saudi Arabia, the United States, India, and the European Union (EU). Major destinations for exports are the United States, Iraq, and Saudi Arabia. Jordan main industries: The extraction of phosphate, petroleum refining, and cement production are the country's major heavy industries.