Economic and fiscal reforms, resilient economic performance, and rising foreign reserves support macroeconomic stability in Jordan
Jordan’s economy projected to grow 2.8% in 2025 and 3% in 2026
Foreign reserves rise to $28.6 billion at the beginning of 2026
S&P expects gradual decline in general government net debt-to-GDP ratio
Inflation projected to remain moderate at an average of 2.4% in the coming years
Amman, Feb. 28 (Petra) — Standard & Poor’s has affirmed Jordan’s long-term sovereign credit rating in both local and foreign currency at BB-, maintaining a stable outlook.
In its report released Friday, the agency said the rating affirmation reflects Jordan’s macroeconomic stability, progress in implementing economic and fiscal reforms, resilient economic performance, rising foreign exchange reserves, and continued donor support.
S&P projected Jordan’s economy to grow by 2.8% in 2025 and 3% in 2026, supported by regional developments, a recovery in the tourism sector, and a gradual increase in trade volumes with Syria and Iraq. Growth is expected to reach 3.1% in 2027 and 3.2% in 2028, respectively.
On public finance indicators, the agency forecast the consolidated budget deficit to narrow to 1.6% of GDP in 2026, compared with 2.3% in 2025. It also expects the general government’s net debt-to-GDP ratio to decline gradually over the coming years.
Regarding monetary indicators, the report highlighted an increase in foreign reserves to $28.6 billion at the beginning of 2026, noting that the peg of the Jordanian dinar to the U.S. dollar has contributed to price stability and inflation containment.
In this context, S&P expects inflation to remain at moderate levels, averaging 2.4% in the coming years.