Jordan's GDP rises 3.5 percent

Ahram Online, Tuesday 28 Dec 2010

Mining sector leads the growth with construction

Jordan
JOrdan economy grew by 3.5 per cent with the mining and the contruction sector leading. (photo: Reuters)

Jordan’s real GDP rose by 3.5 percent during the third quarter compared to a year on year growth rate of 2.9 percent, according to data released by the country's Department of Statistics.

This compares with the growth rate of 1.9 percent recorded growth for the previous quarter. The nominal GDP for the last quarter was $7.46 billion. 

The mining and quarrying sector enjoyed the highest year on year growth, up 78.4 percent, this compares to the figure of 56.7 percent for the same period last year.

The second largest growth was seen in the agricultural sector which grew year on year by 9.1 percent, followed by the wholesale and retail trade and hotels and restaurant sector, which registered a 5.5 percent.

Other sectors recorded positive year on year growth in real terms during the quarter. These include: electricity and water, 4.8 percent; community, social and personal services, 3.9 percent; transport, storage and communications, 3.9 percent.

The construction sector was the only sector to fall, shrinking by 4.6 percent.

 

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