IMF Staff Country Reports

Jordan : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

August 22, 2008

Electronic Access:

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Summary:

The Selected Issues paper on Jordan analyzes the Jordanian dinar, which has historically operated within a fixed exchange rate regime. The deterioration in 2004 and 2005 reflected an exceptionally rapid increase in imports, as the saving-investment balance shifted. Following an improvement in 2006, the current account again deteriorated in 2007 from a negative impact of international food and fuel prices. Import developments have been the single most important determinant of swings in the current account, followed to a lesser extent by the impact of exports and grants.

Series:

Country Report No. 08/291

Subject:

Current account balances Current account deficits Economic indicators Exchange rate assessments Exchange rate regimes Fiscal sustainability Real effective exchange rates Selected issues