nit 70200, Box
5, APO AE 09892-0200
telephone: [962] (6) 592-0101
FAX: [962] (6) 592-4102

Flag description:
three equal horizontal bands of black (top), representing the
Abbassid Caliphate, white, representing the Ummayyad Caliphate, and
green, representing the Fatimid Caliphate; a red isosceles triangle
on the hoist side, representing the Great Arab Revolt of 1916, and
bearing a small white seven-pointed star symbolizing the seven
verses of the opening Sura (Al-Fatiha) of the Holy Koran; the seven
points on the star represent faith in One God, humanity, national
spirit, humility, social justice, virtue, and aspirations; design is
based on the Arab Revolt flag of World War I

Economy Jordan

Economy - overview:
Jordan is a small Arab country with inadequate supplies of water
and other natural resources such as oil. Debt, poverty, and
unemployment are fundamental problems, but King ABDALLAH, since
assuming the throne in 1999, has undertaken some broad economic
reforms in a long-term effort to improve living standards. Amman in
the past three years has worked closely with the IMF, practiced
careful monetary policy, and made substantial headway with
privatization. The government also has liberalized the trade regime
sufficiently to secure Jordan's membership in the WTO (2000), a free
trade accord with the US (2001), and an association agreement with
the EU (2001). These measures have helped improve productivity and
have put Jordan on the foreign investment map. Jordan imported most
of its oil from Iraq, but the US-led war in Iraq in 2003 made Jordan
more dependent on oil from other Gulf nations forcing the Jordanian
government to raise retail petroleum product prices and the sales
tax base. Jordan's export market, which is heavily dependent on
exports to Iraq, was also affected by the war but recovered quickly
while contributing to the Iraq recovery effort. The main challenges
facing Jordan are reducing dependence on foreign grants, reducing
the budget deficit, and creating investment incentives to promote
job creation.

GDP (purchasing power parity):
$25.5 billion (2004 est.)

GDP - real growth rate:
5.1% (2004 est.)

GDP - per capita:
purchasing power parity - $4,500 (2004 est.)

GDP - composition by sector:
agriculture: 2.4%
industry: 26%
services: 71.5% (2004 est.)

Labor force:
1.41 million (2004 est.)

Labor force