tructural reforms. The
Persian Gulf crisis that began in August 1990, however, aggravated Jordan's
already serious economic problems, forcing the government to shelve the IMF
program, stop most debt payments, and suspend rescheduling negotiations. Aid
from Gulf Arab states and worker remittances have plunged, and refugees have
flooded the country, straining government resources. Economic recovery is
unlikely without substantial foreign aid, debt relief, and economic reform.
GDP:
exchange rate conversion - $3.6 billion, per capita $1,100; real growth rate
3% (1991 est.)
Inflation rate (consumer prices):
9% (1991 est.)
Unemployment rate:
40% (1991 est.)
Budget:
revenues $1.7 billion; expenditures $1.9 billion, including capital
expenditures of $NA (1992)
Exports:
$1.0 billion (f.o.b., 1991 est.)
commodities:
phosphates, fertilizers, potash, agricultural products, manufactures
partners:
India, Iraq, Saudi Arabia, Indonesia, Ethiopia, UAE, China
Imports:
$2.3 billion (c.i.f., 1991 est.)
commodities:
crude oil, machinery, transport equipment, food, live animals, manufactured
goods
partners:
EC, US, Iraq, Saudi Arabia, Japan, Turkey
External debt:
$9 billion (December 1991 est.)
Industrial production:
growth rate 1% (1991 est.); accounts for 20% of GDP
Electricity:
1,025,000 kW capacity; 3,900 million kWh produced, 1,150 kWh per capita
(1991)
Industries:
phosphate mining, petroleum refining, cement, potash, light manufacturing
Agriculture:
accounts for about 7% of GDP; principal products are wheat, barley, citrus
fruit, tomatoes, melons, olives; livestock - sheep, goats, poultry; large
net importer of food
Economic aid:
US commitments, including Ex-Im (FY70-89), $1.7 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $1.5 billion; OPEC
bilateral aid (1979-89), $9.5 billion; Communist countries (1970-89), $44
million
Currency:
Jordanian dinar (plural - dinars); 1 Jordanian dinar (JD) = 1,000 fils

:Jordan Economy

Exchange rates:
Jordanian dinars (JD) per US$1 - 0.6861 (March 1992), 0.6807 1991), 0.6636
(1990), 0.5704 (1989), 0.3709 (1988), 0.3387 (1987)
Fiscal year:
calendar year

:Jordan Communications

Railroads:
619 km 1.050-meter gauge, single track
Highways:
7,500 km; 5,500 km asphalt, 2,000 km gravel and crush