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Economy of Jordan


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tions scored by the CIP index. In the 2009 Global Trade Enabling Report, Jordan ranked 4th in the Arab World behind the UAE, Bahrain, and Qatar. The report analyzes the country's market access, the country's transport and communications infrastructure, border administration, and the business environment of the country Textile and clothing exports from Jordan to the United States shot up 2,000% from 2000 to 2005, following introduction of the FTA. According to the National Labor Committee, a U.S.-based NGO (Non-Governmental Organization), Jordan has experienced sharp increases in sweatshop conditions in its export-oriented manufacturing sector. Jordan ranked as having the 35th best infrastructure in the world, one of the highest rankings in the developing world, according to the World Economic Forum's Index of Economic Competitiveness. It even beat several developed countries like Israel, Italy, Ireland, Greece and it was only two places behind the United Kingdom.

The proportion of skilled workers in Jordan is among the highest in the region. The services sector dominates the Jordanian economy. Tourism is a rapidly growing industry in Jordan with revenues over one billion. Industries such as pharmaceuticals are emerging as very profitable products in Jordan. The Real Estate economy and construction sectors continue to flourish with mass amounts of investments pouring in from the Persian Gulf and Europe. Foreign Direct Investment is in the billions. The stock market capitalization of Jordan is worth nearly $40 billion.

Jordan is classified by the World Bank as an "upper middle income country." Per-capita GDP was approximately US$5,100 for 2007 and 14.5% of the economically active population, on average, was unemployed in 2003. Education and literacy rates and measures of social well-being are very high compared to other countries with similar incomes. Jordan's population growth rate is high, but has declined in recent years, to approximately 2.8%
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