Jordan: National economy witnessed significant progress in 2022

Jordan: National economy witnessed significant progress in 2022

AMMAN: The national economy made significant strides towards economic recovery in 2022, presenting positive performance in many important economic indicators, especially in the external ones, despite the crises that have affected the global and local economies over the past years, according to the Jordan News Agency, Petra,.

Citing data of various economic indicators, Petra reported that the Gross Domestic Product (GDP) at constant market prices grew by 2.5 per cent during the past year, compared with 2021.

The agricultural sector achieved the highest growth during the past year at a rate of 4.8 per cent, followed by the construction sector at a rate of 3.2 per cent, the manufacturing sector 2.7 per cent, followed by the wholesale and retail trade, hotels, and restaurants sector at a rate of 2.6 per cent.

Tourist income increased during the past year by 110.5 per cent, reaching $5.816 billion, compared with 2021, due to the increase in the arrivals to the Kingdom by about 2.69 million to reach 5.048 million tourists. Thus, tourist income during the past year exceeded its level recorded in 2019 (pre-COVID pandemic) by 0.4 per cent.

Remittances of workers abroad increased during the past year by 1.5 per cent, reaching $3.452 billion, compared with