Doing Business in Jordan
Published in February 2019
Jordan is strategically located at the crossroads of Asia, Africa and Europe. The capital, Amman, is Jordan's most populous city as well as the country's economic, political and cultural centre. It’s a semi-arid, almost-landlocked country with a population of some 10 million making it the 11th-most populous Arab country. It has a land area of 89,342 km2 (34,495 sq mi). The dominant religion is Sunni Islam, practiced by around 95% of the population, the second biggest religion is Christianity. Jordan is often referred to as an "oasis of stability" in a troubled region.
In 1948 Jordan accepted refugees from multiple neighbouring countries that were at war. Some 1.4 million Syrian and 2.1 million Palestinian refugees are located according to the 2015 census. Jordan has also welcomed thousands of Iraqi Christians escaping persecution by ISIL. While Jordan continues to accept refugees, the recent large influx from Syria placed substantial strain on national resources and infrastructure.
The United Nations classify Jordan as a country of "high human development" with an "upper middle income" economy. The Jordanian economy, is attractive to foreign investors based upon a skilled workforce. In the 70’s Jordan's GDP per capita rose by 351%, declined 30% in the 1980s, and rose 36% in the 1990s, and Jordan is classified as an emerging market. Since King Abdullah II’s accession in 1999, Jordan has been growing at an annual rate of 8%. However, since the Arab Spring erupted growth has slowed to around 2% and 3% in more recent years.
Jordan has Free Trade Agreements with the Canada, Singapore, United States, Malaysia, the Tunisia, European Union, Libya, Algeria, Syria and Turkey. Other FTA's are in the pipeline with Iraq, the Palestinian Authority, the GCC, Lebanon, and Pakistan. Jordan is a member of the Greater Arab Free Trade Agreement, the Euro-Mediterranean free trade area, the Agadir Agreement, and also enjoys advanced status with the EU.
Jordan is a founding member of the Arab League and the Organisation of Islamic Co-operation. The sovereign state is a constitutional monarchy, but the king holds wide executive and legislative powers.
This portal incorporates live data feeds from:
The World Bank
The observatory of Economic Complexity
The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.
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