#1 Finance of Jordan by ConfidusSolutions 08.02.2023 18:28

The monthly minimum wage in Jordan is 310 USD. Jordan has a public debt equivalent to 51% of the country's gross domestic product (GDP) as estimated in 2012. In terms of consumer prices, Jordan's inflation rate is 5.9%. The currency of Jordan is the Jordanian dinar. The plural form of the word Jordanian dinar is dinar. The symbol used for this currency is د.ا and is abbreviated as JOD. The Jordanian dinar is divided into piasters; there are 100 in a dinar. Every year, consumers spend around $18,103 million. The ratio of consumer spending to GDP in Jordan is 0.05%, and the ratio of consumer spending to world consumer market is 5.22%. Corporate tax in Jordan is 20%. Personal income tax ranges from 0% to 14% depending on your specific situation and income level. VAT in Jordan is 16%. In 2013, Jordan received US$1,416.9 million in foreign aid. In 2014, foreign aid amounted to USD 978.9.

Gross domestic product
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Jordan is US$79,907 billion. Gross Domestic Product (GDP) per capita calculated in Purchasing Power Parity (PPP) in Jordan was last seen at $8,068,316. PPP in Jordan is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Jordan is 33,594 billion. Based on this statistic, Jordan is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Jordan was last seen at $3,392,031. The average citizen in Jordan has a very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual growth rate of GDP in Jordan in 2014 averaged 3%. According to this percentage, Jordan is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.

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