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The Economic Activity of Jordan

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Jordan is a small country endowed with limited natural resources. But when Jordan had been incepted as a country its growth has been consistent and it continues to soar until now.

Only 10% of its land is marked arable and like other Middle Eastern countries, its water supply is also limited due to the fact that its ground water is not renewable not to mention the amount of rainfall is low. It also lacks forests, hydroelectric power, and coal reserves. There is also limited source of commercially viable oil deposits and this poses another challenge the country needs to go through. But in spite of this, Jordan is identified as an emerging country in the Middle East region and the world. The country's dramatic progress makes it a prominent state. Jordanian economy during 1992 was more competitive and its GDP noticeably grew by 16.1% which was recorded as the highest in the regions of Middle East and North Africa.

However, Jordan also suffered from activity decline which can be attributed to the present and grievous economic situation. The conditions taking place in Iraq is another contributing factor in Jordanian economy which in turn results in production delays and Jordan being less competitive.

But, such scenarios will not stop Jordan in pursuing structural reforms. Programs and projects are established as the government continues to be dedicated in making sure that its economy will reach stability and further developments. With economic reforms, previously seen in the country's main investment centers namely Amman, Aqaba, and Dead Sea, Jordanian economy will sooner or later improve.