Jordan’s economy has recorded a 2% growth in its gross domestic product (GDP) at constant prices during the first quarter of 2024, compared to the same period last year, according to the Jordan News Agency (Petra).
The first half of this year saw a mix of improvements in key economic indicators and ongoing challenges that need strategic solutions for sustainable growth.
A report by the International Monetary Fund (IMF) highlighted the national economy was “steadfast and resilient” during “successive” challenges.
Leading the growth was the extractive industries sector, which saw a 6.3% increase, contributing 0.18%to the overall growth rate. The agriculture sector followed with a 5.7% growth, contributing 0.3%, while the electricity and water sector grew by 4.8%, contributing 0.07%.
The manufacturing sector also showed a notable growth of 3.9%, contributing 0.67% to the GDP growth.
