GDP growth stands at 3.2% in first quarter

AMMAN — Jordan’s gross domestic product (GDP) grew by 3.2 per cent at the fixed market prices in the first quarter of 2014, compared to the same quarter of 2013, according to the Department of Statistics (DoS). 

DoS said most sectors recorded growth, with the extractive industries sector achieving the highest growth rate of 7.1 per cent, according to a statement e-mailed to The Jordan Times. 

The private services sector came second with a growth rate of 6.7 per cent, followed by the construction sector (6.5 per cent), the social and personal services sector (5.8 per cent), the water and electricity sector (4.1 per cent), the public service providers (3.8 per cent), then the financial, insurance, real estate and business services sector, which recorded a 3.7 per cent growth. 

The transportation, storage and telecommunications sector witnessed a 3.3 per cent growth, followed by the agricultural sector at 3.1 per cent.

In terms of sector contribution, the financial, insurance, real estate and business services sector registered the highest contribution with 21.2 per cent, followed by manufacturing with a 16.1 per cent, while the transportation, storage and telecommunications sector came at the third place with 15 per cent.