Large twin deficits and considerable regional uncertainties

C3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in October 2021.

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GDP USD43.70bn (World ranking 89, World Bank 2020)
Population 10.20mn (World ranking 89, World Bank 2020)
Form of state Parliamentary Constitutional Monarchy
Head of state King ABDULLAH II ibn Hussein al-Hashemi
Next elections 2024, legislative
  • King Abdullah remains popular and has the support of the military and security services
  • Relatively sound relations with the EU, U.S., IFIs and GCC countries which provide political, financial and technical support
  • Significant producer of phosphates and potash
  • Geographic location and recent history provide a negative political aspect of the country’s borders
  • Socio-political differences between Trans-Jordanians and Palestinians (approximately 60% of the population) with a significant proportion of the latter group largely disenfranchised
  • Social pressures result from high unemployment
  • Workers’ remittances, particularly from the GCC area, and foreign aid distributions from the same source are subject to prevailing politics and the vagaries of international oil prices
  • Lack of natural resources, other than phosphates
  • Large fiscal and current account deficits

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 28.4%
1
16.3% China
Iraq 11.1%
2
15.4% Saudi Arabia
India 10.8%
3
6.9% United States
Saudi Arabia 10.2%
4
5.1% Germany
China 5.1%
5
3.7% Italy

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Articles of apparel & clothing accessories 28.1%
1
11.0% Petroleum, petroleum products and related materials
Fertilizers other than group 272 12.3%
2
9.4% Road vehicles
Medicinal and pharmaceutical products 8.2%
3
5.5% Textile yarn and related products
Vegetables and fruits 6.1%
4
4.7% Cereals and cereal preparations
Crude fertilizers other than division 56, and crude minerals 5.5%
5
4.2% Electrical machinery, apparatus and appliances, n.e.s.
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