Dhaman report: Investment volume in Jordan to increase in 2022

[22-01-2022 05:56 PM]

Ammon News - A report recently released by the Arab Investment and Export Credit Guarantee Corporation (Dhaman) forecasts a rise in the total investments in Jordan during 2022, compared to last year.

Total investments in Jordan during 2022 would reach $8.9 billion, or 17.8%of the total Gross domestic product (GDP), Dhaman report showed.

The value of investments in the Kingdom during 2021 would be $8.4 billion, constituting 18.5% of the GDP for the same year, the report forecast.

Meanwhile, investments during 2019 and 2018 stood at 16.7% and 17.6 percent of the GDP, with a value of $7.5 billion and $7.6 billion, respectively, Dhaman said.

According to the report’s estimates, Jordan's GDP will "continue to grow," reaching $47.5 billion in 2022, at a rate of 2.7%, while the growth rate in 2018 and 2020 was 1.9% and 1.6%, respectively.

GDP Per capita could have risen to approximately $4,394 in 2021, from $4,286 in 2020, and approximately $4,425 and $4,341 in 2019 and 2018, respectively, the report said, expecting it to go up to $4,565 this year.

Dhaman forecast also indicated a rise in inflation in Jordan by 2% in 2022, compared to 1.6% in 2021.

The report expected a drop in the budget deficit by 5.9% of GDP in 2022, compared to expectations of 7.8% in 2021, to reach $2.8 billion instead of $3.5 billion for the same year, while the deficit in the period from 2018 to 2020 ranged between $1.9 billion. and $3.9 billion.

Regarding the Kingdom's foreign debt, the report expected its volume to reach $39.3 billion in 2022, or 82.7% of the GDP, compared to $37.6 billion, $34.3 billion, $30.3 billion, and $29.2 billion in 2021, 2020, 2019 and 2018, respectively.

According to Dhaman estimates, the Kingdom's foreign currency reserve will rise during 2022 to $17.8 billion, compared to expectations of $17.1 billion in 2021, covering nearly 9 months of imports of goods and services, for each year.

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