Ammon News - Jordan's gross domestic product (GDP) dropped by -1.6% at fixed market prices in 2020, compared to 2.0% in 2019, according to the Department of Statistics (DoS).

In its quarterly report issued Wednesday, the DoS said the GDP slumped at fixed market prices in the last quarter of 2020 by -1.6%, compared to the same period in 2019, which amounted to 2.1%.

According to the department's data, preliminary estimates showed that most economic sectors fell down during the last quarter of 2020, compared to the same period in 2019.

The DoS figures indicated that the hotel and restaurant sector recorded the highest decline during this period, reaching -8.8%, then the transport, storage and communications sectors, with a drop of -5.7%, followed by the social and personal services sector by -4.1%, and then the construction sector by -3.0%, as well as the manufacturing sector, by -2.4%.

Regarding sector contributions to the decline rate recorded during the last quarter of 2020, amounting to -1.6%, the transport, storage and communication sector contributed by -0.51%, while the manufacturing sector's share hit -4.44% of the total decrease percentage.

Meanwhile, the social and personal services sector contributed a -0.37 percentage, followed by the wholesale and retail trade, hotels and restaurants sector, whose drop rate reached -0.27%, the DOs data revealed.