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Finance of Jordan

The minimum monthly wage in Jordan is 310 USD. Jordan has a government debt of 51% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Jordan is 5.9%. The currency of Jordan is Jordanian dinar. The plural form of the word Jordanian dinar is dinars. The symbol used for this currency is د.ا, and it is abbreviated as JOD. The Jordanian dinar is divided into piastre; there are 100 in one dinar. Each year, consumers spend around $18,103 million. The ratio of consumer spending to GDP in Jordan is 0.05%, and the ratio of consumer spending to the world consumer market is 5.22%. The corporate tax in Jordan is set at 20%. Personal income tax ranges from 0% to 14%, depending on your specific situation and income level. VAT in Jordan is 16%. In 2013, Jordan received 1416.9 million USD in foreign aid.In 2014, the foreign aid amounted to 978.9 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Jordan is $79,907 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Jordan was last recorded at $8,068,316. PPP in Jordan is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Jordan is 33,594 billion. Based on this statistic, Jordan is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Jordan was last recorded at $3,392,031. The average citizen in Jordan has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Jordan averaged 3% in 2014. According to this percentage, Jordan is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.