Saudi SWCC signs 5 agreements to localize the water industry

Saudi SWCC signs 5 agreements to localize the water industry

RIYADH: Jordan’s gross domestic product increased by 2.6 percent during the second quarter of 2023 compared to the same period last year, reported its statistical authority.  

According to the Jordan Department of Statistics, the GDP also rose 2.7 during the first half compared to the corresponding period in the previous year. 

Sector-wise estimations revealed that most economic sectors experienced growth during the second quarter compared to the same quarter last year. 

The report further stated that the agriculture, hunting, forestry and fishing sectors achieved the highest growth rate of 8.2 percent, followed by the transportation, storage and communications sector at 5.2 percent. 

Moreover, the mining and quarrying sector advanced 4.3 percent in the second quarter, while the manufacturing sector grew at 3.7 percent. 

Interestingly, the restaurant and hotel sector leaped over most other sectors to register a 5.9 percent growth between April and June.  

Last month, the DoS announced a decline of 9.3 percent in Jordan’s trade deficit during the first eight months to 5.3 billion Jordanian dinars ($7.4 billion) compared to the year-ago period. 

In May, Fitch Ratings also affirmed Jordan’s long-term foreign-currency issuer default rating at “BB-” with a stable outlook. 

This move comes against the backdrop of the country showing macroeconomic stability, progress