Jordan

jordanCapital City: Amman
Population (Millions): 6

ECONOMIC OVERVIEW

GDP Per Capita: US$ 5300
GDP per Sector:
Agriculture – 3.4 %
Industry – 30.3 %
Services – 66%
Currency: JOD
Ex.Rates: 0.71
Big Cities (>100,000): Amman
Urban Population: 79%
Languages: Arabic

Background:An almost completely landlocked country, the Kingdom of Jordan is located in the Middle East. A large part of the country is covered by the Arabian Desert. Amman is the capital of Jordan.

Its neighboring countries are Israel, the West Bank, Syria, Iraq and Saudi Arabia. Over the years, Jordan has been witness to the rise and fall of various civilizations.

Although it is a constitutional monarchy, it is served by a representative government. The head of the state is the reigning ruler, King Abdullah II, who is also the chief executive and commander-in-chief of the armed forces.

With mostly urbanized citizens, Jordan is a modern Arab country, although it is relatively poor.

Jordan is a small country that has emerged as the “business capital of the Levant”. The free market economy of Jordan has grown 7% annually since the accession of King Abdullah in 1999. It relies on foreign trade for its energy and natural resource requirements. Due to the implementation of liberal economic policies, the nation has become one of the most competitive Middle Eastern economy. Jordan boasts a modern and developed banking system and is attracting significant foreign investment. This has also enabled the country to smoothly tackle the global financial downturn of the late 2000s. Jordan shares healthy relations with the UK and the US, being a pro-Western regime.