Kingdom’s economy grows by 2.2 per cent — Central Bank

By JT - Jun 29,2017 - Last updated at Jun 29,2017

AMMAN — Jordan's economy has grown by 2.2 per cent during the first quarter of 2017, according to the Central Bank of Jordan (CBJ), the Jordan News Agency, Petra, reported on Thursday.

The growth rate is a “positive sign”, as the target growth rate in the budget law is 3.3 per cent. According to experts quoted by Petra, three factors have led to the growth, namely the increase in tourism revenues, expatriate remittances and total exports.

The CBJ figures indicated that the Kingdom's tourism revenues have grown by 15.4 per cent at a value of $1.8 million, remittances by 2.4 per cent reaching $1.168 billion, with exports increasing by 6.7 per cent.

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