AGN Live Country Guides

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.

 

 

 

Use the navigation buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

World Bank Development Indicators

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from Jordan.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into Jordan.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from Jordan.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in the EMEA Region:

LIVE PPP OPPORTUNITIES IN LEBANON…      (February 2019)

Lebanese government opens up billions of dollars of FDI infrastructure opportunities for investment, via new Private Public Partnership opportunities. Best sectors to invest are: Property developers, Construction companies, Waste and water treatment, Transport, Infrastructure and Energy.

find the firm best prepared to serve you

THE ‘MACRON EFFECT’ MAKING FRANCE AN ATTRACTIVE PLACE FOR FOREIGN DIRECT INVESTMENT     (May 2018)

Emmanuel Macron took office as the President of France on 14 May 2017, becoming the youngest president in French history and youngest head of state since Napoleon. His victory was based on a manifesto of significant social and economic reform. As his program has started to take effect, Macron has been hailed as having re-launched the French economy as an attractive destination for foreign direct investment – the so called “Macron Effect”.

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NOWS THE TIME TO REVIEW YOUR FOREIGN CURRENCY LOAN     (July 2017)

Foreign Currency Loans became very popular a few years ago. Depending on the currency they potentially offered consumers and companies low interest rates, at attractive exchange rates. But recent experience has shown they can become a problem where they have been sold to consumers and small firms that may not be familiar with the potential pitfalls of such sudden changes in exchange rates. Many legacy loans are still active and still causing problems.

There are professional ways to hand foreign currency loans through Managed Currency Mortgages. A successful currency manager will move the borrower's debt into a currency which subsequently falls in value against the base currency.

For more information about how to hand foreign currency loans through Managed Currency Mortgages, contact an AGN member that can help you.


Tax Publications


The AGN European Region produces annual tax brochures that compare taxes among European countries. Interesting comparisons from year to year give insight into trends.

These surveys are available by report type and year.

Learn more
 

AGN News in the EMEA Region:

December 2018

ICT-Security Conference 2018 in Alpbach, Austria


Multicont and CRC were exhibitors at the largest security conference in the German-speaking region.

read full article to learn more
 

November 2018

Swiss Corporate Tax Reform (TRAF)


On 28 September 2018, the Swiss Federal Parliament adopted the tax reform known as Tax Proposal 17 (TP 17) or Federal Act on Tax Reform and AHV Financing (TRAF). Amongst others, the aim of this tax reform is to guarantee the international acceptance of Swiss corporate taxation and thus the tax reform includes the abolition of cantonal tax privileges for holding, domicile and mixed companies. However, the tax reform also contains various measures, which ensure the tax attractiveness of Switzerland as a business location.

read more
 

AGN Firms in the country


Jordan
Adel Habib & Co
Abbas Mahmoud Alaquad Street
Jabal Amman 2nd Circle
P.O. Box 84
Amman 11118
Time Zone:
Phone: (+962 6) 461 9229
EMail: adel@adelhabib.com