Jordan Exporter Guide 2021

Country:
Jordan

Report Highlights:
In 2020, Jordan’s hotel, restaurant, and retail food sectors plunged into economic difficulties associated with Covid-19. The sector had been recovering and grew by 13.1% in 2019. The direct contribution of travel, tourism, and retail to the GDP in the second quarter of 2019 was 7% of GDP, expected to reach $3 billion in 2020. This forecast has died out due to the global and local lockdowns, curfews and travel restrictions. The latest official release of GDP growth was 2.2, although other economic observers have speculated a greater decline. The Government of Jordan has submitted an ambitious plan to reboot the economy, setting a goal of 1.2 percent GDP growth in 2021. The economic inactivity generated by industries such as hotels and restaurants, airlines, and other passenger transportation, has impacted trade. Agricultural imports from the U.S. in calendar year CY 2019 reached $231 million, and in 2020 (January-October) amounted to $167 million, down 8 percent compared to 2019 (January-October).

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Exporter Guide_Amman_Jordan_12-31-2020.pdf1.04 MB