Jordan Frontier
Middle East · Amman · JOD (Jordanian Dinar)
Economy & industry overview
Jordan is a small, open, upper-middle-income economy in the Middle East with a nominal GDP of approximately 50.6 billion USD in 2024. The economy is anchored by services, particularly finance, trade, tourism, and transportation, alongside phosphate and potash mining, which are major export earners. Jordan has maintained macroeconomic stability underpinned by its long-standing exchange-rate peg to the US dollar and prudent central bank management. Growth has been moderate, supported by manufacturing, agriculture, and services, though the economy faces structural headwinds including high public debt, a chronic current-account deficit, heavy dependence on foreign aid and remittances, and persistently elevated unemployment. The country is a key regional hub for healthcare, education, and logistics, and has pursued trade agreements, including a Comprehensive Economic Partnership Agreement with the UAE activated in 2025, to broaden its economic base.
Key sectors
Learn everything about Jordan →Macro
| GDP nominal, USD | $50.61B |
| GDP growth real, annual | 2.6% |
| Inflation annual | 2.1% |
| Population people | 11.4M |
| GDP per capita USD | $4,553 |
| Market cap total listed, USD | $24.96B |
| Market cap / GDP | 49.3% |
| Unemployment | 21.0% |
| Listed companies | 167 |
| Exchange | Amman Stock Exchange (ASE) |
Primary data year: 2024. Sources: World Bank Jordan Economic Monitor 2024, IMF World Economic Outlook 2024, Central Bank of Jordan Monthly Report January 2026, Central Bank of Jordan Monthly Report April 2026, Amman Stock Exchange Annual Report 2024, Amman Stock Exchange Monthly Statistical Bulletin 2025, SSE Initiative ASE Profile, FocusEconomics Jordan, CEIC Jordan Data, MSCI 2025 Global Market Accessibility Review, UNCTAD Investment Policy Monitor July 2025, Jordan Investment Commission, Forbes Middle East Top 10 Listed Companies Jordan 2025. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
Latest news
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Other Middle East markets
Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
BahrainLargest listed companies
The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Jordan Phosphate Mines CompanyJPMC · ASE | Mining · Phosphate | $10.95B | — |
| 2 | Arab Bank GroupARBK · ASE | Banking · Financial Services | $6.59B | — |
| 3 | Arab Potash CompanyAPOT · ASE | Mining · Potash | $5.70B | — |
| 4 | The Housing Bank for Trade and FinanceHBFI · ASE | Banking · Financial Services | $2.18B | — |
| 5 | Bank Al EtihadUBSI · ASE | Banking · Financial Services | $1.50B | — |
| 6 | Jordan Islamic BankJOIB · ASE | Banking · Islamic Finance | $1.41B | — |
| 7 | Jordan Petroleum Refinery CompanyJOPT · ASE | Energy · Petroleum Refining | $1.18B | — |
| 8 | Jordan Telecommunications CompanyJTEL · ASE | Telecommunications | $1.06B | — |
| 9 | Capital Bank of JordanCABK · ASE | Banking · Financial Services | $1.02B | — |
| 10 | Jordan Kuwait BankJOKB · ASE | Banking · Financial Services | $924.00M | — |
| 11 | Bank of JordanBOJR · ASE | Banking · Financial Services | $894.00M | — |
| 12 | Safwa Islamic BankSFWA · ASE | Banking · Islamic Finance | $850.00M | — |
| 13 | Jordan Electric Power CompanyJOEP · ASE | Energy · Electric Power | $430.00M | — |
| 14 | Jordan Ahli BankAHLI · ASE | Banking · Financial Services | $419.00M | — |
| 15 | Cairo Amman BankCABK2 · ASE | Banking · Financial Services | $402.00M | — |
| 16 | Invest BankINVB · ASE | Banking · Financial Services | $395.00M | — |
| 17 | Arab Jordan Investment BankAJIB · ASE | Banking · Investment Banking | $393.00M | — |
| 18 | Jordan Commercial BankJOCM · ASE | Banking · Financial Services | $248.00M | — |
| 19 | National Bank of Kuwait JordanNBKJ · ASE | Banking · Financial Services | $198.00M | — |
| 20 | Arab Banking Corporation JordanABCJ · ASE | Banking · Financial Services | $142.00M | — |
| 21 | Jordan Insurance CompanyJOIC · ASE | Insurance | $112.00M | — |
| 22 | Al-Tajamouat for Touristic Projects CompanyTAJM · ASE | Real Estate · Tourism | $98.00M | — |
| 23 | Arab Pharmaceutical Manufacturing CompanyAPHM · ASE | Pharmaceuticals · Manufacturing | $85.00M | — |
| 24 | Ready Mix Concrete and Construction Supplies CompanyRMCC · ASE | Industry · Building Materials | $78.00M | — |
| 25 | Jordan Mortgage Refinance CompanyJMRC · ASE | Financial Services · Mortgage | $55.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Amman Stock Exchange |
| Code | ASE |
| Website | www.exchange.jo |
| Currency | JOD |
Local broker access
Foreign investors may open brokerage accounts through licensed Jordanian brokerage firms regulated by the Jordan Securities Commission. The Amman Stock Exchange operates a standard T+2 settlement cycle. Foreign ownership limits apply on a company-by-company basis and in certain sectors such as banking and media. There is no capital gains tax on equity trading for individuals in Jordan. Dividend withholding tax applies at rates that vary by treaty and investor type. Direct retail access for non-resident foreign investors typically requires engagement with a local licensed broker; some international frontier-market brokers may offer indirect access via contracts for difference or fund vehicles.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Residency (5-year renewable) or Citizenship (discretionary, capped program)
Jordan offers two investment-based immigration pathways. The first is a residency-by-investment program under which foreign investors who purchase real estate valued at a minimum of 200,000 Jordanian dinars (approximately 282,000 USD) from licensed developers receive a five-year renewable residency permit, provided property ownership is maintained throughout the period. The second is a citizenship-by-investment program, substantially restructured by a Cabinet decision on 2 July 2025, which replaced earlier passive treasury-bond and bank-deposit routes with active investment routes. These routes include investment in listed Jordanian securities from approximately 1,000,000 Jordanian dinars (about 1,400,000 USD), establishment of new business projects, creation of Jordanian employment, and sector-specific routes in pharmaceuticals and logistics. The citizenship program is capped at approximately 500 approvals per year, requires no minimum residency period, and provides eligibility for the US E-2 investor visa through a 1997 bilateral treaty. Both programs are administered by the Jordan Investment Commission under the Investment Environment Law No. 21 of 2022.
Minimum investment: $282.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Jordan is a politically stable constitutional monarchy and a regional hub for education, healthcare, and business services. Amman offers a relatively developed expatriate infrastructure with international schools, medical facilities, and a lower cost of living compared with Gulf cities. The Jordanian dinar is pegged to the US dollar, providing currency stability for resident investors. Foreign nationals holding investor residency permits may sponsor immediate family members. There is no general income tax on foreign-source income for residents, though local income is subject to Jordanian personal income tax. Arabic is the official language, with English widely used in business and professional environments.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Arab Bank Group | ARBK | Arab Bank Group is listed solely on the Amman Stock Exchange and does not have a formal US ADR program. International investors access the stock through local Jordanian brokers or frontier market funds. | |
| Jordan Phosphate Mines Company | JPMC | Jordan Phosphate Mines Company has no US ADR listing and trades exclusively on the Amman Stock Exchange. It is accessible to foreign investors through local brokers subject to applicable foreign ownership rules. |