FEAS Yearbook FEAS Yearbook 2012 | Page 26

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2012 AMMAN STOCK EXCHANGE CAPITAL MARKET DEVELOPMENT AND ECONOMIC OUTLOOK The Jordanian Economy is expected to achieve a positive growth during 2011. The International Monetary Fund estimates that the growth in Jordan’s real GDP for the three quarter of the year 2011 will reach 2.4%. Inflation during 2011 has reached to 4.4% due to higher international fuel and food prices. As for the monetary policy, the Central Bank of Jordan has increased the re-discount rate from 4.25% at the end of 2010 to 4.50% at the end of 2011. Interest rate on 6-month Treasury Bills rose from 2.3% at the end of 2010 to 3.2% at the end of 2011, while the weighted average of interest rates for loans went down to 8.7% at the end of 2011 compared with 9.0% at the end of 2010. Domestic liquidity measured by Money Supply (M 2 ) grew by 8.1% at the end of 2011 compared with its levels at the end of 2010. Foreign currency reserves at the Central Bank of Jordan decreased by 14.1% at the end of 2011 compared with the end of 2010 reaching US$10.5 billion. Regarding the fiscal policy, public revenues showed an increase of 20.3% at the end of November 2011 compared with the same period in 2010, while public spending showed an increase of 15.8% for the same period. As for to the External Sector, Jordanian exports and re-exports have risen by 15.5% at the end of October 2011 compared with the same period of 2010, while imports have risen by 17.3% during the same period. JORDAN ECONOMIC CHARTS AND TABLES Nominal GDP at Market Prices US$ millions Inflation % Money Supply (M2) US$ millions Population (In Millions) Per Capita GDP at Current Market Prices US$ millions Exports,f.o.b. US$ millions Imports,f.o.b. US$ millions Direct Foreign Investment in Jordan US$ millions 2006 2007 2008 2009 2010 2011 15,645.4 6.25 19,900.8 5.6 2,793.8 5,204.4 10,260.4 3,544.0 17,765.4 4.7 22,012.4 5.7 3,104.2 5731.5 12,183.1 2,622.1 22,719.3 13.9 25,816.9 5.9 3,883.6 7,945.0 15,116.2 2,828.9 25,127.8 -0.7 28,227.5 6.0 4,202.0 6,384.1 12,658.8 2,430 26,462.62 5 31,462.2 6.1 4,328.9 7,038.2 13,841.9 1,703.8 2,1081.7 a 4.4 34,018.2 6.2 - 5,985.75 b 11,963.33 b 1,172.21 b (a) September 2011 (b) Jan. - Sept 2011 Key Information Contacts Jordan Securities Commission www.jsc.gov.jo Securities Depository Center www.sdc.com.jo Jordan Investment Board www.jordaninvestment.com Arab Monetary Fund www.amf.org.ae Nominal GDP (US$ millions) Ministry of Finance www.mof.gov.jo Central Bank of Jordan (CBJ) www.cbj.gov.jo National Information Center www.nic.gov.jo Department of Statistics www.dos.gov.jo Inflation (%) 30,000 15 25,000 12 20,000 9 15,000 6 10,000 3 5,000 0 0 2006 2007 2008 2009 2010 2011 -3 PAGE 24 2006 2007 2008 2009 2010 2011