Jordan’s GDP Grows by 2.4% in Second Quarter of 2024

The Gross Domestic Product (GDP) at constant prices experienced a growth of 2.4 percent in the second quarter of this year compared to the same quarter last year, according to a quarterly report released by the Department of Statistics on Tuesday. The report highlighted that initial estimates indicated growth across most economic sectors during the second quarter of 2024 when compared to the same period in 2023. The agriculture sector recorded the highest growth rate at 6.2 percent, contributing 0.24 percentage points to the overall growth. The transportation, storage, and communications sector followed with a growth rate of 4.8 percent, contributing 0.42 percentage points. The electricity and water sector grew by 4.5 percent, adding 0.08 percentage points, while the manufacturing sector saw a growth of 3.1 percent, contributing 0.54 percentage points. Conversely, the report indicated declines in the extractive industries sector, which fell by 1.3 percent, contributing -0.04 percentage points, and the cons truction sector, which decreased by 1.5 percent, also contributing -0.04 percentage points to the overall growth rate. Source: Jordan News Agency