Complex Made Simple

Jordan’s economic growth reaches 2.6 per cent in Q3 2015

Extractive industries achieved highest expansion at 17.5 per cent

Jordan’s GDP growth at constant market prices amounted to 2.6 per cent in the third quarter of the past year. Data published by the Department of Statistics shows that the extractive industries sector achieved the highest growth of 17.5 per cent in Q3 of 2015 at constant market prices, compared with the same period of 2014.

This was followed by the growth rate of the electricity and water sector at 16.7 per cent, reports Jordan-based Alghad.

The social and personal services sector comes in the third place with a growth rate of 6.1 per cent; followed by the producers of special, not-for-profit services with a growth rate of 6.0 per cent; government services sector at 4.3 per cent; transport, storage and communications at 3.8 per cent; followed by agriculture at 3.7 per cent.

The financial sector, insurance, real estate and business services sector contributed 0.67 percentage points to the total growth rate, followed by transport, storage and communications, which contributed 0.52 percentage points.