Jordan - BKT Annual Growth Rate

Jordan's economy expanded 1.8 percent year-on-year in the fourth quarter of 2018, compared to a 2 percent expansion in the prior period. It was the weakest growth rate since the last quarter of 2017, as output rose less for: manufacturing (1.2 percent from 1.9 percent in Q3); utilities (1.8 percent from 2.4 percent); restaurants & hotels (0.7 percent from 0.9 percent); wholesale and retail trade (1.3 percent from 1.4 percent); and real estate (2.4 percent from 2.5 percent). In addition, mining & quarrying fell 3.1 percent (from 2.1 percent in Q3) and construction activity shrank 0.3 percent (vs -0.4 percent in Q3). In contrast, output increased further for transport, storage & communications (3.6 percent from 2.8 percent); finance & insurance services (3.1 percent from 3.0 percent); and for agriculture, hunting, forestry & fishing (3.1 percent from 2.9 percent). Considering 2018 as a whole, the economy grew 1.9 percent, slower than 2.1 percent in 2017.