GDP up 4.3% in first half

Amman, Key indicators of the national economy showed improvement in the first six months of 2019, compared with the same period of 2018, with the Gross Domestic Product (GDP) at current prices rising 4.3 per cent, according to a report by the Amman Chamber of Commerce.

It revealed that GDP in the first half this year amounted to 14.5 billion dinars, compared with 13.9 billion in the same period in the previous year.

GDP growth at fixed market prices was 1.8 per cent, compared with 2.1 percent in the same period last year, a decrease of 14.3 per cent, it showed.

According to the statistical report, the value of national exports during the first half of this year amounted to 2.3 billion dinars, compared with 2.1 billion dinars in the same period last year, an increase of 9.5 per cent.

It said that the value of re-exported goods during the first half of this year had reached about 430 million dinars, compared with 408 million dinars for the same period last year, an increase of 5.4 per cent.

The report also pointed out that the value of imports during the first half of the current year amounted to 6.6 billion dinars, compared with 6.9 billion dinars for the same period last year, a decrease of 4.3 per cent.

The value of foreign grants during the first half of this year was at 103 million dinars, compared with 78 million dinars for the same period last year, an increase of 1.7 per cent, it showed.

The report said that total foreign revenues and grants during the first half of this year amounted to 3.5 billion dinars, compared with 3.3 billion dinars for the same period last year, an increase of 6.1 per cent.

It said total expenditures during the first half of this year were at 4.2 billion dinars, compared with 4.1 billion dinars for the same period last year, an increase of 2.4 per cent.

The report also pointed out that the total public debt during the first half of this year amounted to 29.5 billion dinars, compared to 28.3 billion dinars for the same period last year, an increase of 4.2 percent.

Source: Jordan News Agency