jordan pulse -

The European Bank for Reconstruction and Development (EBRD) said Jordan’s economy demonstrated “resilience and strength” in 2024 despite the impact of the wars in Gaza and Lebanon, which weighed on business and consumer confidence.

According to its Economic Outlook report released Tuesday, the bank noted that a swift rebound in tourism revenues during the second half of last year supported growth, while the government’s commitment to fiscal discipline and progress in implementing structural reforms strengthened the economy’s ability to absorb shocks and maintained market confidence.

However, unemployment remained high, reaching 21.4% by the end of 2024, while inflation stayed low, despite a slight rise to 2.1% in February 2025.

The Central Bank of Jordan kept its benchmark interest rate unchanged since September 2024, aligning with U.S. Federal Reserve decisions, as part of efforts to maintain the dinar’s peg to the dollar.

Foreign currency reserves stood at over $21.1 billion, covering around eight months of imports. On the other hand, regional instability affected external conditions, widening the current account deficit to an average of 5.9% of GDP in 2024.