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Jordan ECONOMY
Gross Domestic Product (GDP): In 1987 estimated at
slightly more than US$5 billion; in 1988 about US$2,000 per capita;
GDP real growth rate in 1989 estimated at 2 to 3 percent.
Currency and Exchange Rates: 1 Jordanian dinar (JD) =
1,000 fils. Average exchange rates 1989 US$1 = 571 fils; 1
JD =
$1.75 (see Glossary).
Government Budget: Forecast in 1989 at JD1.035 billion,
including a JD122 million deficit.
Fiscal Year: Calendar year.
Industry: Contributed about 14.6 percent of GDP in late
1980s; 90 percent of small and large industries concentrated in
north between Amman and Az Zarqa. Industry consisted mainly of
small establishments with few large companies accounting for much
of employment and value added. In 1989 largest industries phosphate
mining, fertilizers, potash, cement, oil refining, and electric
power generation; most such firms partially government owned.
Jordan turning in late 1980s to light-manufactured goods and
technical industries, such as pharmaceuticals.
Agriculture: Main crops cereals, vegetables, fruit. Selfsufficient in poultry and eggs. Dependent on imports for
substantial part of food supply.
Imports: In 1987 JD915.5 million. Major commodities:
oil, foodstuffs, machinery, and transportation equipment, mostly
from Western Europe, United States, Iraq, and Saudi Arabia.
Exports: In 1987 JD248.8 million. Major commodities:
phosphates, potash, fertilizers, fruits, and vegetables to member
countries of Arab Cooperation Council, Asian countries, and
European countries.
Data as of December 1989
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