DoS estimates Jordan's Q2 GDP at 2.8 %

AMMAN — Jordan’s gross domestic product (GDP) grew by 2.8 per cent at constant market prices during the second quarter of 2014, the Department of Statistics (DoS) announced on Wednesday.

According to results of quarterly estimates of GDP indicators, most sectors recorded positive growth during the April-June period compared with the results achieved during the same quarter of 2013. 

During the second quarter of this year, water and electricity sector achieved the highest growth of 11.2 per cent, followed by wholesale/retail trade and hotels/restaurants sector at 7.1 per cent. 

Producers of private services, a not-for-profit sector, grew by 6.5 per cent 

The growth of social and personal service, net tax on products, and construction sectors came at 4.7 per cent, 3.6 and 3.2 per cent respectively.

Finance, insurance, real-estate and business services grew at 2.9 per cent, followed by the mining and quarries industries at 1.6 per cent and the manufacturing sector at 1.3 per cent. 

Regarding sector contribution to GDP, the wholesale/retail trade and hotels/restaurants sector posted the highest contribution of 0.65 per cent. Net tax followed with a 0.64 per cent contribution. 

The finance, insurance, real-estate and business services’ contribution stood at 0.57 per cent whereas that of water and electricity sector was 0.23 per cent. 

The contribution of the social and personal service sector and the manufacturing industries sector was 0.21 per cent each, while the transport, storage and communications sector contribution stood at 0.17 per cent.