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
Debt to GDP	95.9	%

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Oil & Gas

16 Apr, 2021

Featured

Jordan Plans Nine Block Upstream Offering

Jordan is once again looking to bring investors into its upstream sector to reduce its need for imports. Against a backdrop of constrained investment, it has its work cut out.