![]() ![]() ![]() At the end‑of 2021, Jordan’s public and publicly guaranteed gross debt stood at 113.7% of GDP (debt net of SSIF debt holdings at 92% of GDP). The unfavorable global context also poses significant risks to Jordan’s external sector, despite the robust export growth and the solid rebound in travel receipts. Recent price increases are especially affecting the poorest households. Labor force participation is also low, (33.5% in Q2-2022), particularly for women (14.2%), one of the lowest rates in the world. The unemployment rate is still above pre-pandemic levels (22.6% in Q2-2022), especially among women (29.4%) and youth (46.1% among those under 25 years old). However, higher global commodity prices led to an acceleration in headline inflation and labor market conditions remain challenging. Growth rebounded to 2.5 percent in Q1-2022, supported by the reopening of the economy and the recovery of contact-intensive services notably tourism. Jordan has begun its recovery from the COVID-19 shock - real GDP grew by 2.2% in 2021 following a 1.6% contraction in 2020. ![]()
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