Source: world bank Nominal/PPP
Summary:
Jordan GDP Per Capita expanded from 1965 to 2024, increasing from $0.60 to $53.35 .The compound annual growth rate (CAGR) averaged 7.9% over the period. The economy recorded its peak level in 2024 and its lowest level in 1968. Growth volatility remained high. The maximum drawdown reached 38.46%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Jordan Economic Phases (1965 - 2024)
From 1965 to 2024, Jordan economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1983) indicating robust economic expansion
- Expansion (1984–1985) indicating steady moderate growth
- High Growth (1986–1987) indicating robust economic expansion
- High Growth (1992–1995) indicating robust economic expansion
- Expansion (1996–1997) indicating steady moderate growth
- Expansion (1999–2000) indicating steady moderate growth
- High Growth (2001–2014) indicating robust economic expansion
- Expansion (2015–2019) indicating steady moderate growth
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 2008 with an increase of 32.426%, while the largest decline was in 1989 at -32.753%.