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Economy Guide in Jordan

Economic overview, job market trends, income levels, and financial landscape for expats

Economic Overview

GDP

$47.45B

Total economic output of the country

HDI

0.72

High human development

Quality of Life

56/100

Good quality of life — above global average

Purchasing Power

26/100

Weak purchasing power — salaries don't stretch far

Comparison data legendCompare:
Country
Continent Avg

Cost of Living Index

0510
Very Affordable

Jordan's cost of living is very affordable, with a CPI of 38.3 (NYC = 100). Groceries (36.2) and restaurants (39.5) are also very affordable.

Housing Market

0510
Good

The housing market in Jordan is affordable, with a property price to income ratio of 7.4 years. The rent index is particularly low at 7.2, indicating very affordable rental options.

Average Income Levels

0510
Poor

The purchasing power in Jordan is below average, with an index of 61.4 compared to NYC. This suggests that while costs are low, incomes may not stretch as far for certain goods and services.

Tax System

0510
Good

Jordan has a progressive income tax ranging from 5% to 30%, with an additional 1% national contribution for income exceeding JOD 200,000. The standard VAT rate is 16%, and annual property taxes are relatively low, around 15% of the assessed rental value.

Business Environment

0510
Moderate

Jordan's startup ecosystem is ranked #69 globally and 5th in the Middle East (2025). The government actively supports entrepreneurship, particularly in the ICT sector, through various programs and initiatives.

Social Security

0510
Good

Jordan offers a comprehensive social security system covering old-age, disability, death, maternity, unemployment, and work-related injuries. Public healthcare is subsidized for nationals, while expats often opt for private healthcare due to its quality and accessibility.

Banking & Financial Safety

0510
Good

Deposits in Jordan are protected up to JOD 50,000 (approximately USD 70,500) per depositor by the Deposit Insurance Corporation (JODIC). The banking sector is robust and resilient, with strong oversight from the Central Bank of Jordan, adhering to international standards.

Deposit Protection: up to $70,500 USD (see sources)