Foreign Direct Investment declines in 2019

[7/9/2019 4:10:48 PM]

AMMONNEWS - Foreign Direct Investment (FDI) in Jordan decreased by $33 million in the first quarter of 2019, marking the lowest decline in a year.

Preliminary data of the Central Bank of Jordan (CBJ) reported that the FDI dropped to $251 million at the end of the first quarter of this year, compared to $284 million in the first quarter of 2018.

The FDI decrease in the first quarter is attributed to the decline in foreign investments in the energy sector, despite the improvement in other FDI indicators.

The CBJ forecast that the FDI of 2019 will stand at $1 billion.

Foreign investment is one of the main current account inputs in the balance of payments, along with tourism income, net trade balance and remittances.

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