The monthly minimum wage in Jordan is 310 USD. Jordan's national debt was estimated at 51% of gross domestic product (GDP) in 2012. In relation to consumer prices, the inflation rate in Jordan is 5.9%. The currency of Jordan is the Jordanian dinar. The plural form of the word Jordanian dinar is dinars. 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 US$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$1416.9 million in foreign aid. In 2014, foreign aid totaled $978.9.
Gross domestic product
The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Jordan is US$79,907 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Jordan was last at 8,068,316 US dollars. The PPP in Jordan is considered very good compared to other countries. A very good PPP indicates that citizens of 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 purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Jordan is 33,594 billion. Based on this statistic, Jordan is considered as a medium economy country. 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 at 3,392,031 US dollars. The average citizen in Jordan has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers 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 GDP growth rate in Jordan averaged 3% in 2014. 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 grow accordingly.
