East Mediterranean

Jordan

Jordan’s low-growth economy and geopolitical balancing act seemingly leave the country on the perennial brink. The start-up of gas imports from Israel's Leviathan by 2019 will add pressure.

State of Play

Highly dependent on foreign aid and remittances, the kingdom's economy is set grow a mere 2% in 2018. Amman faces a popular backlash at each attempt to push through IMF-backed reforms. Plans to import natural gas from Israel’s Leviathan field, to curb a gaping energy deficit, face widespread public opprobrium.

2019 In Numbers

Peak Load	3.5	GW
GDP	41.9	$bn
Growth	2.3	%GDP
Debt	40.2	$bn

Economics & Finance

24 Jan, 2020

Featured

Jordan Budgets For Big 2020 Spend

Amman’s new budget indicates a subtle shift away from IMF-backed austerity.

Jordan’s Debt Continues To Climb As Low Growth Leads To Consecutive Deficits

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NEWS IN BRIEF

IMF: Jordan $1.3bn Facility

27 Mar, 2020

Jordan IMF Funding Extension

31 Jan, 2020

Jordan Plans Second Refinery

24 Jan, 2020

Jordan Bags Key US, EU Aid

20 Dec, 2019

Jordan Starts Up Risha Solar

20 Dec, 2019

Jordan Court Nixes Opposition To Israel Gas Deal

27 Sep, 2019

East Med Gas Forum Launched

26 Jul, 2019

Jordan: Bumper World Bank Loan

14 Jun, 2019

1: Jordan's Power Generation Fuel Mix (%): Gas Options See Oil Products Burn (And Nepco’s Spending) Plummet

2: FSRU And The Resumption Of Egyptian Imports Give Jordan Ample Gas Import (Mn Cfd) Options Ahead Of 2020 Leviathan Startup

3: Nepco Operating Losses ($Mn): Nearly Gone With Steady Gas Supply And Lower Prices

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