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jordan economy ranking

Ongoing conflicts in Iraq and Syria have severely disrupted Jordan’s economy and regional trade, and more than 1.3 million Syrian and Iraqi refugees have strained its limited resources.In 2019, 13 laws were consolidated in a new property law that governs ownership, addresses zoning issues, and facilitates ownership and leases for foreign investors.

country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): 95 country comparison to the world (CIA rank, may be based on non-current data): Corruption is widespread, and anticorruption efforts are undermined by a lack of independent enforcement institutions.The top individual income tax rate is 14 percent, and the standard corporate tax rate is 20 percent.

117 Jordan's economy is among the smallest in the Middle East, with insufficient supplies of water, oil, and other natural resources, underlying the government's heavy reliance on foreign assistance. • The Wall Street Journal and the Heritage Foundation: Index of Economic Freedom 2016, ranked 38 out of 179 countries Economic performance The Jordanian economy continued to experience sluggish economic growth in 2019. 180

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98 Doing Business Report - 2015(The Updated Methodology and the Ranking of Jordan) (Arabic Version) Towards a Consultation Law for Economic Legistation - 2015 (Arabic Version) Position Paper Regarding the Decreasing Female Economic Participation Rate- 2015 (Arabic Version) Position Paper Regarding the … In 2000, Jordan joined the World Trade Organization and signed a free trade agreement with the United States. King ABDALLAH, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privatizing state-owned companies that attracted foreign investment and contributed to average annual economic growth of 8% for 2004 through 2008. 165 74 Tweet . The state owns no commercial banks but does own specialized credit institutions.© 2020 by The Heritage Foundation. 22

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It has been held back from rising to the ranks of the mostly free by consistently low scores on such rule-of-law indicators as property rights and, especially, government integrity. country comparison to the world (CIA rank, may be based on non-current data): 61 Since the onset of the civil war in Syria and resulting refugee crisis, one of Jordan’s most pressing socioeconomic challenges has been managing the influx of approximately 660,000 UN-registered refugees, more than 80% of whom live in Jordan’s urban areas. Jordan is ranked 5th among 14 countries in the Middle East and North Africa region, and its overall score is well above the regional and world averages.The Jordanian economy has been in the moderately free category for every year but one since the inception of the Index in 1995. country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): 69

Nearly one-third of its gross domestic product stems from trade and finance. country comparison to the world (CIA rank, may be based on non-current data): Jordan’s economic freedom score is 66.0, making its economy the 66th freest in the 2020 Index.

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country comparison to the world (CIA rank, may be based on non-current data):

country comparison to the world (CIA rank, may be based on non-current data):

90 While Jordan’s economy is small, it’s relatively well diversified.

81 country comparison to the world (CIA rank, may be based on non-current data):

country comparison to the world (CIA rank, may be based on non-current data): Protests in 2018 over the attempt to reduce subsidies on fuel and other goods were addressed by the naming of a new prime minister, the eighth in the past decade.The total value of exports and imports of goods and services equals 89.5 percent of GDP. The Gross Domestic Product (GDP) in Jordan was worth 43.74 billion US dollars in 2019, according to official data from the World Bank. Real GDP in three quarters of the year grew by 1.9%--at almost the same level as last year. country comparison to the world (CIA rank, may be based on non-current data):

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Jordan’s own official census estimated the refugee number at 1.3 million Syrians as of early 2016.Jordan is nearly completely dependent on imported energy—mostly natural gas—and energy consistently makes up 25-30% of Jordan’s imports.

151 The average applied tariff rate is 4.4 percent, and 20 nontariff measures are in force. country comparison to the world (CIA rank, may be based on non-current data):

While economic growth benefited from rising net exports, thanks to positive terms of trade, it was constrained by weak domestic demand. Government spending has amounted to 29.7 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 4.1 percent of GDP. Foreign investors receive national treatment, but bureaucracy and inconsistent enforcement of regulations inhibit new investment. country comparison to the world (CIA rank, may be based on non-current data):

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The global economic slowdown and regional turmoil contributed to slower growth from 2010 to 2017 - with growth averaging about 2.5% per year - and hurt export-oriented sectors, construction/real estate, and tourism. 97

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