FANDOM


Country summary

Capital

Amman

Borders

Iraq 181 km, Israel 238 km, Saudi Arabia 744 km, Syria 375 km, West Bank 97 km

Government type

constitutional monarchy

Population

6,269,285 (July 2010 est.)[1]

Population growth

2.189% (2010 est.)[1]

Life expectancy

79.85 years[1]

Unemployment

12.9% (2009 est.)[1]

Index of Economic Freedom

52[2]

Corruption Perceptions Index

49[3]

Doing Business ranking

100[4]


Following World War I and the dissolution of the Ottoman Empire, the UK received a mandate to govern much of the Middle East. Britain separated out a semi-autonomous region of Transjordan from Palestine in the early 1920s, and the area gained its independence in 1946; it adopted the name of Jordan in 1950. The country's long-time ruler was King HUSSEIN (1953-99). A pragmatic leader, he successfully navigated competing pressures from the major powers (US, USSR, and UK), various Arab states, Israel, and a large internal Palestinian population. Jordan lost the West Bank to Israel in the 1967 war and barely managed to defeat Palestinian rebels who threatened to overthrow the monarchy in 1970. King HUSSEIN in 1988 permanently relinquished Jordanian claims to the West Bank. In 1989, he reinstituted parliamentary elections and initiated a gradual political liberalization; political parties were legalized in 1992. In 1994, he signed a peace treaty with Israel. King ABDALLAH II, the son of King HUSSEIN, assumed the throne following his father's death in February 1999. Since then, he has consolidated his power and undertaken an aggressive economic reform program. Jordan acceded to the World Trade Organization in 2000, and began to participate in the European Free Trade Association in 2001. In 2003, Jordan staunchly supported the Coalition ouster of Saddam in Iraq and following the outbreak of insurgent violence in Iraq, absorbed thousands of displaced Iraqis. Municipal elections were held in July 2007 under a system in which 20% of seats in all municipal councils were reserved by quota for women. Parliamentary elections were held in November 2007 and saw independent pro-government candidates win the vast majority of seats. In November 2009, King ABDALLAH exercised his constitutional authority to dissolve parliament and called for new elections. Separately, he dismissed the government and appointed a new prime minister and cabinet in December 2009. The King charged the new government with conducting elections before the end of 2010 as well as instituting economic and political reforms.[1]

Economical characteristicsEdit

  • Currency: Jordanian dinar (ISO code: JOD)
  • Central bank discount rate: 6.25% (31 December 2008)[1]
  • Commercial banks lending rate: 9.03% (31 December 2008)[1]
  • Stock of money (M1): $7.781 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $19.04 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 8 152 8 464 8 980 9 584 10 198 11 411 12 629 14 839 17 005 21 238
Govt. debt (% of GDP)[6] 113.616 115.050
Govt. revenue (% of GDP)[7] 32.852
Govt. expenses (% of GDP)[8] 36.568
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Jordan", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Jordan", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Jordan", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Jordan", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Jordan: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Jordan: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Jordan: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Jordan: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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