$ 33 million drop on foreign investment in Jordan

Media In / Amman 9 July 2019

Net foreign direct investment (FDI) in Jordan fell by 33 million dollars in the first quarter of this year, the lowest decline in a year.
Preliminary data released by the Central Bank of Jordan showed that foreign direct investment fell to 251 million dollars at the end of the first quarter of this year from 284 million dollars in the first quarter of 2018. The drop in the first quarter is attributed to the decline in foreign investments in the energy sector despite Improvements in other FDI indicators.
Foreign direct investment in the first quarter of this year fell 6.6 percent from the same period in 2018, or 2.5 percent of GDP, compared with a sharp drop in the first quarter of 2018, a 56.5 percent decline over the same period in 2017.
The central bank predicted that the volume of investment during the year 2019 about one billion dollars, or 2.3 percent of the output.
Foreign investment is one of the main current account inputs in the balance of payments, along with tourism income, net trade balance and remittances.