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Jordan’s Q3 gross domestic product rises 3.5%

Jordan’s gross domestic product for the third quarter rose 3.5 percent as the industries sector and government service producers showed signs of improved growth.

The kingdom’s GDP expanded to JOD2.6bn ($708m) in the third quarter versus 2.5 billion Jordanian dinars in the same period last year, according to an e-mailed statement from Jordan’s Department of Statistics late on Sunday.

GDP grew 2.8 percent in the first nine months of the year, the statement said.

Jordan’s economic growth will accelerate to five percent in 2011 from a projected four percent this year, Finance Minister Mohammad Abu Hammour said November 1.

The kingdom’s economic growth accelerated to an annual 2.9 percent in the second quarter, led by the mining and transport industries.

Growth was 2.3 percent in 2009.


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