Jordan: Government debt

* indicates monthly or quarterly data series
 Jordan

Government debt as percent of GDP

 Latest value 77.60
 Year 2023
 Measure percent
 Data availability 1988 - 2023
 Average 98.54
 Min - Max 54.24 - 222.03
 Source Ministry of Finance of Jordan
The latest value from 2023 is 77.6 percent, an increase from 76.8 percent in 2022. In comparison, the world average is 62.73 percent, based on data from 127 countries. Historically, the average for Jordan from 1988 to 2023 is 98.54 percent. The minimum value, 54.24 percent, was reached in 2008 while the maximum of 222.03 percent was recorded in 1990. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Jordan - Government debt - Recent values chart

Historical series
Jordan - Government debt - historical chart - 1988-2023




The government debt in Jordan and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 15.84 2021 percent
 Government spending, in dollars 7.33 2021 billion U.S. dollars
 Fiscal balance, percent of GDP -6.00 2023 percent
 Government debt 77.60 2023 percent
 Tax revenue 17.51 2022 percent
 Commercial tax rate 28.60 2019 percent
 Tax preparation time 97 2019 hours
 Number of taxes 9 2019 taxes
 Taxes on goods and services 46.75 2022 percent
 Taxes on international trade 2.61 2022 percent
 Income and profits taxes 17.37 2022 percent
 Foreign aid 1,985.74 2022 million U.S. dollars
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