Jordan’s GDP up by 3.5% in 2021, reaching JD32.12b — ACC

Jordan’s GDP up by 3.5% in 2021, reaching JD32.12b — ACC

The GDP growth last year resulted from the growth of most economic sectors, where the contribution of money services, insurance and real estate sectors accounted for 18.8 per cent, the industrial sector for 17.3 per cent and the wholesale and retail, restaurants and hotels for 9.2 per cent.

The report showed that local revenues and foreign grants in 2021 increased to JD8.128 billion compared with some JD7.029 billion in 2020, marking an increase of 15.6 per cent.

Local revenues last year rose by 17.4 per cent to some JD7.325 billion compared with JD6.238 billion in the year before, where tax revenues reached JD5.627 billion in 2021 up from JD4.959 billion in 2020, registering a rise of 13.5 per cent.

Foreign grants to the Kingdom in 2021 reached JD803 million compared with JD791 million in 2020, up by 1.6 per cent, the ACC report showed.

The total expenditure in 2021 reached JD9.859 billion, witnessing an increase of 7 per cent when compared to 2020's JD9.211 billion.

Current expenditures in 2021 went up by 4 per cent to JD8.721 billion, compared with the year before that recorded JD8.389 billion, while capital expenditures in 2021 reached JD1.138 billion compared with JD823 million in 2020, marking an increase of