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International Monetary Fund. Middle East and Central Asia Dept.

. Variables Included in the Indices ENGINE OF GROWTH? TOURISM IN JORDAN'S ECONOMY References ECONOMIC GROWTH IN JORDAN: RETROSPECT AND PROSPECT A. Economic Growth Since the 2000s B. Dissecting GDP Growth in Jordan C. Productivity and Competitiveness D. Catalyzing Growth in the Post-COVID Era BOX 1. Jordan’s Economic Modernization Vision FIGURES 1. Real GDP Growth, 2000–21 2. GDP Decomposition by Industry 3. GDP Decomposition by Expenditure 4. Composition and Complexity of Exports 5. Contributions to GDP Growth by Factor Input 6. Labor

International Monetary Fund. Middle East and Central Asia Dept.

initial recession in 2020 appeared to be less severe than the rest of the world, the subsequent recovery has also been slower than advanced economies (AEs) and emerging and developing markets (EMDEs), albeit at a faster rate than that of Middle East and North Africa emerging markets (MENA EMs). Without decisive structural reforms, economic scarring risks hurting Jordan’s growth potential long after the immediate impact of the crisis has dissipated. B. Dissecting GDP Growth in Jordan 3. Growth deceleration has been broad-based, affecting almost all industries