Economy of Jordan

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The economy of Jordan is classified by the World Food Programme as an upper-middle income mixed economy, as well as being poor in resources with limited land for agriculture. Since the 1990s, Jordan has had high unemployment, poverty, and inequality. As of 2023, Jordan has a GDP of US$50.85 billion, ranking it 89th worldwide. Jordan has free trade agreements with the United States, Canada, Singapore, Malaysia, the European Union, Tunisia, Algeria, Libya, Turkey and Syria. More free trade agreements were planned with Iraq, the Palestinian Authority, the GCC, Lebanon, and Pakistan. Jordan is a member of the Greater Arab Free Trade Agreement, the Euro-Mediterranean free trade area, the Agadir Agreement, and also enjoys advanced status with the EU. Jordan's economic resource base centers on phosphates, potash, and their fertilizer derivatives; tourism; overseas remittances; and foreign aid. These are its principal sources of hard currency earnings. Lacking coal reserves, hydroelectric power...

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