FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
AMMAN STOCK EXCHANGE
ECONOMIC AND POLITICAL DEVELOPMENTS
Enjoying a stable political and democratic
environment, Jordan pioneers the countries of
the region in terms of economic liberalization
and private sector management. Indeed, it has
an attractive investment climate, reflected in a
package of investment incentives and
exemptions and a free flow of capital.
On the Economic level, the Jordanian
Economy is expected to achieve a positive
growth during 2010. The International
Monetary Fund estimates that the growth in
Jordan’s real GDP for the year 2010 will reach
3.4%.
Inflation during 2010 has mounted to 5% due
to higher international fuel and food prices.
As for the monetary policy, the Central Bank of
Jordan has cut the re-discount rate from
4.75% at the end of 2009 to become 4.25% at
the end of November 2010. Interest rate on 6-
month Treasury Bills fell from 2.8% at the end
of 2009 to 2.3% at the end of November 2010,
while the weighted average of interest rates for
loans went down and reached 8.9% compared
with 9.1% at the end of 2009.
Regarding the fiscal policy, public revenues
showed an increase of 3.2% in the first 10
months of 2010 compared with the same
period in 2009, while public spending showed
a decrease of 2.6% for the same period. This
decrease in government spending came as a
result of the austerity measures applied by the
government in order to curb the budget deficit
and maintain the financial stability of the
Kingdom.
Domestic liquidity measured by Money Supply
(M2) grew by 9.5% at the end of November
2010 when compared with its levels at the end
of 2009.
With regard to the External Sector, Jordanian
exports and re-exports have risen by 8.1%
during the first 10 months of 2010 compared
with the same period of 2009, while imports
have risen by 9.5% during the same period.
On the other hand, foreign currency reserves
at the Central Bank of Jordan increased by
10.5% at the end of November 2010
compared with the end of 2009 reaching
USD10.9 billion.
Information obtained from the Exchange.
JORDAN ECONOMIC CHARTS AND TABLES
Nominal GDP at Market Prices (US$ million)
Inflation (%)
Money Supply (M2) (US$ million)
Population (million)
Per Capita GDP at Current Market Prices (US$)
Exports, f.o.b. (US$ million)
Imports, f.o.b. (US$ million)
Direct Foreign Investment in Jordan (US$ million)
2005 2006 2007 2008 2009 2010
12,588.7
3.5
17,438.6
5.5
2,300.1
4,301.4
9,317.3
1,984.5 15,645.4
6.3
19,900.8
5.6
2,793.8
5,204.4
10,260.4
3,544.0 17,765.4
4.7
22,012.4
5.7
3,104.2
5,731.5
12,183.1
2,622.1 22,719.3
13.9
25,816.9
5.9
3,883.6
7,945.0
15,116.2
2,828.9 25,127.8
-0.7
28,227.5
6.0
4,202.0
6,384.1
12,658.8
2,430.0 27,193.2 (a)
5.0
30,907.6 (b)
6.1
4,450.6 (a)
5,189.8 (c)
9,980.8 (c)
1,364.5 (c)
(a) Estimate
(b) November 2010
(c) Jan. - Sept. 2010
Key Information Contacts
Jordan Securities Commission www.jsc.gov.jo
Securities Depository Center www.sdc.com.jo
Jordan Investment Board www.jordaninvestment.com
Arab Monetary Fund www.amf.org.ae
Nominal GDP
(USD billions)
Inflation
(%)
30
14
12
25
10
20
8
15
6
4
10
2
5
0
Ministry of Finance www.mof.gov.jo
Central Bank of Jordan (CBJ) www.cbj.gov.jo
National Information Center www.nic.gov.jo
Department of Statistics www.dos.gov.jo
0
2005
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