Economy of Jordan

ently. One of the most important factors in the government's efforts to improve the well-being of its citizens is the macroeconomic stability that has been achieved since the 1990s. However, unemployment rates remain high, with the official figure standing at 12.5%, and the unofficial around 30%. The currency has been stable with an exchange rate fixed to the US dollar since 1995.

Jordan is pinning its hopes on tourism, future uranium and oil shale exports, trade, and ICT for future economic growth.

Amman was ranked as the Arab World's most expensive city in 2006 by the Economist Intelligence Unit, beating Dubai. In 2009, Amman ranked as the 4th most expensive city in the Arab World, behind Dubai, Abu Dhabi, and Beirut.

In relation to the population size, Jordan is also one of the largest suppliers of skilled labour and human capital in the world. An estimated 600,000 Jordanians or one fourth of the labour force are earning their living in foreign countries working primarily in high paying white-collar jobs. Between 1968 and 2003, the accumulated net number of emmigrants amounted to over 1.1 million persons. Most of the skilled labor that left Jordan emigrated on a temporary basis to the oil producing Persian Gulf states. Since the mid 1970s, migrants’ remittances are Jordan’s most important source of foreign exchange, and a decisive factor in the country’s economic development and the rising standard of living of the population.

Jordan has the headquarters of several large-scale global corporations despite its small size. Some of these include Arab Bank, Aramex, Maktoob, Rubicon Group Holding and Kurdi Group. Since 2009, there are 2 Jordanian companies listed in the Forbes Global 2000 list, Arab Bank (Rank 708) and Arab Potash (Rank 1964). In addition, Jordan has several billionaires as well like Ziad Manasir and Eyhab Jumean