Jordan: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Jordan |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -6.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1990 - 2023 |
| Average | -1.80 |
| Min - Max | -8.90 - 10.11 |
| Source | Ministry of Finance of Jordan |
The latest value from 2023 is -6 percent, a decline from -4.5 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Jordan from 1990 to 2023 is -1.8 percent. The minimum value, -8.9 percent, was reached in 2009 while the maximum of 10.11 percent was recorded in 1992.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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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 |