Amman: Jordan’s economy expanded by 2.6 percent in the third quarter of 2024 compared to the same period in 2023, as indicated by a report from the Department of Statistics. The quarterly report, released on Thursday, underscores a broad-based growth across various economic sectors, with notable contributions from productive sectors like extractive industries, agriculture, and manufacturing.
According to Jordan News Agency, the extractive industries sector emerged as the highest-growing sector, registering a 10.5 percent increase and contributing 0.22 percentage points to the overall GDP growth. This growth reflects a robust performance in mining and related activities, which continue to play a critical role in Jordan’s economic landscape.
The agriculture sector also reported a solid performance with a 6 percent growth, contributing 0.25 percentage points to the GDP. This sector’s growth is attributed to favorable climatic conditions and improved agricultural practices that have enhanced productivity.
The manufacturing sector, a cornerstone of Jordan’s economy, experienced a 4.3 percent increase, contributing the most to GDP growth with 0.81 percentage points. This growth highlights the sector’s resilience and its pivotal role in driving economic expansion through increased production and export activities.
Additionally, the electricity and water sector recorded a 4.2 percent growth, adding 0.08 percentage points to the overall economic performance. This sector’s growth is indicative of ongoing infrastructure investments and the rising demand for utilities in the kingdom.
The latest figures from the Department of Statistics provide a comprehensive overview of Jordan’s economic health, with diverse sectors contributing positively to the GDP, reflecting a balanced and sustained economic growth trajectory.