IMD World Competitiveness Booklet 2023

Jordan Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Amman

89 2022

49

0,710 2022

Exchange rate (per $)

54

11,30 2022 33 47,5 2022 57 10.914 2022 61 2,5 2022 47 4,22 2022 11 22,80 2022 62 1,84 2022 53 -8,77 2022 59 37,3 2021 53 1,38 2021 49

56

57

Population - market size (millions)

58

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Continuing risks in the global economic environment resulting from geopolitical crises and their repercussions on supply chains and energy and food prices. • Weak growth rates of the national economy over the past decade. • Continuing structural imbalances in public finances. • The burden of Syrian refugees continues, especially considering the declining volume of international grants to meet their development needs. • High rates of unemployment and poverty and low economic participation of women.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Ministry of Planning and International Cooperation

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

23

24

26 28

34

35

42

43

45

51 49

51 52 49 48

53

61

62 63

63

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

33

30

36

36

31

32

38

38

34

34

86 Competitiveness Country Profiles