GDP grows by 3.1% in 2014 — DoS

AMMAN – Jordan’s gross domestic product (GDP) grew by 3.1 per cent in 2014, according to the Department of Statistics (DoS).

The economic growth rate is compatible with expectations of the government and the International Monetary Fund.

Last year’s growth rate was higher than 2013, when the economy expanded by 2.8 per cent.

According to a report released on Wednesday by DoS, the Kingdom’s GDP grew by 3.3 per cent during the fourth quarter of 2014. 

DoS also said that most sectors recorded growth during the fourth quarter of last year. 

The extractive industries sector registered the highest growth rate amounting to 71.1 per cent, followed by the agricultural sector, which expanded by 18.8 per cent, the private nonprofit services producers sector, with a growth percentage of 7.8 per cent, the social and personal services sector, with 4 per cent, and the construction sector, with 3.9 per cent.