Source: world bank Nominal/PPP
Summary:
Jordan GDP Per Capita expanded from 1965 to 2024, increasing from $545.51 to $4,618.10 .The compound annual growth rate (CAGR) averaged 3.69% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 49.94%, indicating the largest cyclical decline from peak levels. The country experienced 7 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.
- Crisis (1967–1968) indicating severe economic downturn
- High Growth (1972–1981) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- Contraction (1984–1985) indicating temporary slowdown
- Crisis (1988–1989) indicating severe economic downturn
- Contraction (1990–1991) indicating temporary slowdown
- Expansion (1999–2003) indicating steady moderate growth
- High Growth (2004–2012) indicating robust economic expansion
- Contraction (2014–2016) indicating temporary slowdown
- Expansion (2017–2019) indicating steady moderate growth
- Expansion (2021–2024) indicating steady moderate growth
The most remarkable growth occurred in 2008 with an increase of 29.345%, while the largest decline was in 1989 at -35.897%.