Industrial sector spearheaded 2021 economic growth — JCI

AMMAN — Head of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Sunday said that the industrial sector led the national economy’s growth in 2021, with a contribution of 28 per cent of the total percentage of GDP growth, the Jordan News Agency, Petra, reported.

Jaghbir noted that the industrial sector can adapt and grow as one of the most important economic sectors.

Over the past nine months of 2021, the sector achieved a growth rate of 2.9 per cent, despite the continuing pandemic-related repercussions, he added.

He pointed out that the industrial sector was a “pioneer in economic growth”, contributing 0.60 points as a result of the manufacturing sector’s contribution of 0.37 economic growth points, with a growth rate of 2.1 per cent.

Extractive industries contributed 0.20 points and was the sector that scored the highest growth rate of more than 10.1 per cent.

Jaghbir added that the industrial sector provides a balance of payments with about $9 billion annually as revenues for its exports, which constitutes about 92 per cent of the total national exports.

Jaghbir expressed his aspirations for the upcoming period to revive the national economy, led by the industrial sector. He stressed the need to support it as the main pillar to meet the needs of the local market and support development and sustainability, as it is able to create job opportunities and attract investments.