Jordan

PricewaterhouseCoopers has been practicing in Jordan since 1932, specialising in Assurance and Business Advisory Services.

Jordan has been experiencing an increase in its economic growth since 2003 with an estimated GDP of USD12 billion (for a population of 6 million) in 2005 and expected to grow by 5.7 percent in 2006 with an even higher real GDP growth rate close to 10 percent. The Manufacturing sector accounts for approximately 16 percent of Jordan's GDP, whilst services account for 71 percent. The country has seen its export levels increase rapidly, with majority of the exports originating from the export of clothes, apparel and chemical products, the United States is currently Jordan's largest trading partner. In the recent past, the country has also seen an increase in activity in the following sectors:

Construction and real estate - With the sudden increase in population, there has been an urgent need of housing options for the new citizens; Jordan has been keen to liberalise and privatise its industries and has been proactive in attracting foreign direct investment in this sector.

Tourism - The country's tourism sector is currently the second largest private sector employer in the country. With the current initiative to double tourism rates in Jordan by 2010 and with the increasing number of high profile projects like the USD1 billion 'Royal Metropolis', the country is experiencing the largest tourism growth rates in the region.

Transportation - Considered to be the gateway to Iraq, any development of Iraq in the near future would create significant activity in this sector.