Foreign direct investments reach JD673 million until end of September
Prime Minister, Bisher Khasawneh, said on Sunday that Jordan was able to attract foreign direct investments (FDI) worth JD673 million until the end of September 2023.
During his speech at the opining of the economic performance and challenges session, on the executive program for the Economic Modernization Vision, Khasawneh added that the total foreign investment coming into Jordan in 2022 were approximately JD889 million, and approximately JD519 million in 2019.
Regarding economic performance indicators, he indicated that the government was able to achieve real growth rates of 2.7% for the third quarter of 2023, compared to 2.4% in 2022 and 1.8% in 2019.
The total value of Jordanian exports in 2023 amounted to approximately JD8.9 billion, and recorded a decrease of 1.5% compared to the year 2022, in which the percentage of exports and their value reached JD9.1 billion, while it amounted to JD5.2 billion in 2019.
Khasawneh explained that the slight decline that witnessed in these exports is due to the decline in the value of the exports mainly of potash ore by more than 38% and phosphate by 21% due to the decline in their prices on the global market.
The government, according to Khasawneh was able to achieve a 10% reduction in the trade deficit, reaching JD9.3 billion in 2023, compared to JD10.4 billion in 2022 and JD7.7 billion in 2019.
Regarding financial performance, he stressed that the government continues to maintain financial stability, as the primary deficit declined as a percentage of GDP in 2023 to reach 2.6% of GDP compared to 2.7% in 2022.
Domestic revenues grew by JD600 million to reach JD8.7 billion in 2023, compared to JD8.1 billion in 2022 and JD6.9 billion in 2019.
Jordan also succeeded in stabilizing its credit rating despite the decline in this rating in many countries in the region. This truly confirms the resilience of the Jordanian economy and its ability to respond flexibly and effectively to challenges and developments.
He pointed out that the percentage of Jordanian expatriates' remittances and workers abroad rose to JD2.25 billion as of last October 2023, achieving an increase of 1.4% for the same period in 2022.
With regard to the banking sector, he stated that the main indicators of banks grew in total deposits last year to reach JD44 billion. While it was 42 billion in 2022 and 35 billion in 2019.
The Prime Minister also added that the cancellation rate in planned reservations during the last quarter of 2023 was no less than 65%. Despite this, tourism income reached record numbers of JD5.2 billion in 2023.
Prime Minister, Bisher Khasawneh, said on Sunday that Jordan was able to attract foreign direct investments (FDI) worth JD673 million until the end of September 2023.
During his speech at the opining of the economic performance and challenges session, on the executive program for the Economic Modernization Vision, Khasawneh added that the total foreign investment coming into Jordan in 2022 were approximately JD889 million, and approximately JD519 million in 2019.
Regarding economic performance indicators, he indicated that the government was able to achieve real growth rates of 2.7% for the third quarter of 2023, compared to 2.4% in 2022 and 1.8% in 2019.
The total value of Jordanian exports in 2023 amounted to approximately JD8.9 billion, and recorded a decrease of 1.5% compared to the year 2022, in which the percentage of exports and their value reached JD9.1 billion, while it amounted to JD5.2 billion in 2019.
Khasawneh explained that the slight decline that witnessed in these exports is due to the decline in the value of the exports mainly of potash ore by more than 38% and phosphate by 21% due to the decline in their prices on the global market.
The government, according to Khasawneh was able to achieve a 10% reduction in the trade deficit, reaching JD9.3 billion in 2023, compared to JD10.4 billion in 2022 and JD7.7 billion in 2019.
Regarding financial performance, he stressed that the government continues to maintain financial stability, as the primary deficit declined as a percentage of GDP in 2023 to reach 2.6% of GDP compared to 2.7% in 2022.
Domestic revenues grew by JD600 million to reach JD8.7 billion in 2023, compared to JD8.1 billion in 2022 and JD6.9 billion in 2019.
Jordan also succeeded in stabilizing its credit rating despite the decline in this rating in many countries in the region. This truly confirms the resilience of the Jordanian economy and its ability to respond flexibly and effectively to challenges and developments.
He pointed out that the percentage of Jordanian expatriates' remittances and workers abroad rose to JD2.25 billion as of last October 2023, achieving an increase of 1.4% for the same period in 2022.
With regard to the banking sector, he stated that the main indicators of banks grew in total deposits last year to reach JD44 billion. While it was 42 billion in 2022 and 35 billion in 2019.
The Prime Minister also added that the cancellation rate in planned reservations during the last quarter of 2023 was no less than 65%. Despite this, tourism income reached record numbers of JD5.2 billion in 2023.
Prime Minister, Bisher Khasawneh, said on Sunday that Jordan was able to attract foreign direct investments (FDI) worth JD673 million until the end of September 2023.
During his speech at the opining of the economic performance and challenges session, on the executive program for the Economic Modernization Vision, Khasawneh added that the total foreign investment coming into Jordan in 2022 were approximately JD889 million, and approximately JD519 million in 2019.
Regarding economic performance indicators, he indicated that the government was able to achieve real growth rates of 2.7% for the third quarter of 2023, compared to 2.4% in 2022 and 1.8% in 2019.
The total value of Jordanian exports in 2023 amounted to approximately JD8.9 billion, and recorded a decrease of 1.5% compared to the year 2022, in which the percentage of exports and their value reached JD9.1 billion, while it amounted to JD5.2 billion in 2019.
Khasawneh explained that the slight decline that witnessed in these exports is due to the decline in the value of the exports mainly of potash ore by more than 38% and phosphate by 21% due to the decline in their prices on the global market.
The government, according to Khasawneh was able to achieve a 10% reduction in the trade deficit, reaching JD9.3 billion in 2023, compared to JD10.4 billion in 2022 and JD7.7 billion in 2019.
Regarding financial performance, he stressed that the government continues to maintain financial stability, as the primary deficit declined as a percentage of GDP in 2023 to reach 2.6% of GDP compared to 2.7% in 2022.
Domestic revenues grew by JD600 million to reach JD8.7 billion in 2023, compared to JD8.1 billion in 2022 and JD6.9 billion in 2019.
Jordan also succeeded in stabilizing its credit rating despite the decline in this rating in many countries in the region. This truly confirms the resilience of the Jordanian economy and its ability to respond flexibly and effectively to challenges and developments.
He pointed out that the percentage of Jordanian expatriates' remittances and workers abroad rose to JD2.25 billion as of last October 2023, achieving an increase of 1.4% for the same period in 2022.
With regard to the banking sector, he stated that the main indicators of banks grew in total deposits last year to reach JD44 billion. While it was 42 billion in 2022 and 35 billion in 2019.
The Prime Minister also added that the cancellation rate in planned reservations during the last quarter of 2023 was no less than 65%. Despite this, tourism income reached record numbers of JD5.2 billion in 2023.
comments
Foreign direct investments reach JD673 million until end of September
comments