https://www.confiduss.com/en/jurisdictions/jordan/economy/ Economy of Jordan

Jordan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Jordan may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Jordan exports around $7.91 billion and imports roughly $18.61 billion. 14.9% of population in the country are unemployed. The total number of unemployed people in Jordan is 1,475,666. In Jordan, 14.4% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Jordan is low, indicating that it has a stable economy. Investors should consider Jordan to be a safe location for investments and other financial ventures. Government expenditure on education is 6.8% of GDP. The Gini Index of the country is 39.7. Jordan is experiencing good equality. The majority of citizens in Jordan fall within a narrow range of income, although some cases may show significant differences. Jordan has a Human Development Index (HDI) of 0.745. Jordan has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Jordan is 1.944. Due to strong law enforcement presence and high social responsibility, Jordan is very safe by international standards. The strength of legal rights index for Jordan is 0. Overall, it is considered to be rather weak - bankrupcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible.

Currency
The currency of Jordan is Jordanian dinar. The plural form of the word Jordanian dinar is dinars. The symbol used for this currency is د.ا, and it is abbreviated as JOD. The Jordanian dinar is divided into Piastre; there are 100 in one dinar.

Credit rating
The depth of credit information index for Jordan is 0, which means that information, if any, is scarce, of insufficient details and almost inaccessible. According to the S&P credit-rating agency, Jordan has a credit rating score of BB, and the prospects of this rating are negative. According to the Moody's credit-rating agency, Jordan has a credit rating score of Ba2, and the prospects of this rating are negative.

Central bank
In Jordan, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Jordan. Locally, the central bank of Jordan is called البنك المركزي الاردني. The average deposit interest rate offered by local banks in Jordan is 4.5%.

Public debt
Jordan has a government debt of 51% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information
The corporate tax in Jordan is set at 20%. Personal income tax ranges from 0% to 14%, depending on your specific situation and income level. VAT in Jordan is 16%