15-04-2025
4.4% Industrial Sector Growth Last Year - Jordan News
The industrial sector achieved real growth of 4.4% last year compared to 2023, contributing 40% of the Kingdom's total economic growth despite regional challenges. اضافة اعلان Eng. Fathi Al-Jaghbir, Chairman of the Jordan Chamber of Industry, said in a statement on Monday that the industrial sector has proven its solid position as a key driver of economic activity and growth in the Kingdom, despite regional changes and unprecedented economic and global pressures. He added that the industrial sector's contributions were not just results, but clear evidence of its resilience, high reputation, and ability to achieve results that exceed expectations. He indicated that industry has become a driving force for the national economy, as it is the foundation and main pillar of the economic modernization vision. He pointed out that this growth was driven by positive developments and remarkable growth in various industrial sectors. The mining sector recorded growth of 5.5%, the manufacturing sector grew by 4.2%, and the electricity and water sector grew by 4.8%. He noted that industrial output, at current prices, reached JD8.6 billion in 2024, directly accounting for 23 percent of the gross domestic product (GDP), making it the highest-contributing economic sector to the national economy as a whole. He explained that the strong performance of the industrial sector stems from the accumulated foundations of years of continuous development, the global reliability of national industry, and its ability to transform challenges into opportunities to enhance production capacities and improve the industrial environment. He expressed his hope that the current year will be more advanced and prosperous for Jordanian industry, amid government attention through optimal implementation of all Economic Modernization Vision initiatives and enhancing its competitiveness, ensuring higher growth rates and maximizing the benefit of potential opportunities in local, regional, and global markets. Al-Jaghbeer pointed out that the contribution of industry to the GDP is due to the 1.4 percent growth in industrial exports last year compared to 2023, reaching a value of more than JD7.8 billion, representing approximately 92 percent of total national exports. Jordan's Industrial Sector Grows by 4.4% in 2024 Jordan's industrial sector recorded a real growth rate of 4.4% in 2024 compared to 2023, contributing to 40% of the country's overall economic growth, according to the Jordan Chamber of Industry. 🗣 Chairman Fathi Al-Jaghbir stated: 'This reflects the industrial sector's resilience and its pivotal role as a driver of Jordan's economy, despite regional instability and global economic challenges.' 📈 Growth by Sector: Mining: +5.5% Manufacturing: +4.2% Electricity & Water: +4.8% 💰 Industrial GDP Contribution: JD 8.6 billion in current prices Represents 23% of Jordan's total GDP The largest contributor among all economic sectors 📦 Industrial Exports: Increased by 1.4% in 2024 Exceeded JD 7.8 billion Accounted for 92% of national exports 🌍 The growth is attributed to: Long-standing industrial development Strong international reputation of Jordanian products Transformation of challenges into opportunities for expansion 🛠️ Al-Jaghbir expressed hope for continued industrial advancement in 2025 through: Effective implementation of the Economic Modernization Vision Enhanced competitiveness
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