National economy grew in its overall indicators in 2023-Data

Since beginning of 2023, the national economy has continued to overcome difficulties, realise recovery, and achieve growth in its overall indicators, according to recently released government data. Overall national economy indicators have been rising since beginning of 2023, as national exports soared during the first 5 months by 6.8%, recording JD3.415 million, the official figures showed. Moreover, number of visitors to the Kingdom during the past 7 months of 2023 achieved “record” levels, reaching 3.7 million tourists, marking an increase of 51.3%, compared to the same period last year. During the first half of 2023, tourism income grew by 59.4%, which reached about JD2.450 billion, compared to the same period last year, the data revealed. Also during the first half of 2023, foreign direct investment flows to the Kingdom increased by 47.6% to reach JD598 million, driven by improvement of investment paths and introduction of a set of reforms to improve Jordan’s business climate, foremost is the new Investment Environment Law. The data showed that new industrial investments of $850 million were also announced, which would contribute to providing 3,650 new job opportunities for the local workforce. Meanwhile, industrial exports are expected to reach about $1.2 billion, in “clear” confirmation that Jordan enjoys an “attractive and stimulating” investment environment.

Source: Jordan News Agency