'Jordan is an above-average income country': World Bank Group

Jordan

Published: 2022-06-17 17:19

Last Updated: 2022-06-27 20:02


'Jordan is an above-average income country': World Bank Group
'Jordan is an above-average income country': World Bank Group

The World Bank Group (WBG) said that the average income in Jordan is above average, in a study regarding public transport in Jordan for February 2022.

“The Hashemite Kingdom of Jordan is an above-average income country, with a per capita GDP of 4289 US dollars in 2020 (about 3,041 Jordanian dinars),” the study said.

It said that the country was growing on a low trajectory of “about 2% in the four years leading up to the coronavirus (COVID-19) pandemic, and it was hampered by a series of external shocks.”

This resulted, over the past decade, in an economic growth that “has not been sufficient to provide jobs for the country's rapidly growing population nor to improve living standards,” the study said, adding that the coronavirus pandemic has exacerbated macroeconomic vulnerabilities.”

However, according to the World Bank, Jordan recorded a “real GDP growth of 1.8% in the first half of 2021 despite being exposed to one of the strongest waves of COVID-19 since the beginning of the pandemic.”