Amid ongoing economic and financial reforms.. Standard and Poor's affirms Jordan's credit rating at BB- with a stable outlook
Economic and financial reforms, economic performance resilience, and rising foreign reserves supported macroeconomic stability in Jordan
Economic growth in Jordan is 2.8% in 2025, with projections to reach 3% in 2026
Foreign reserves expected to rise to USD 28.6 billion at the start of 2026
Standard and Poor's expects the net general government debt to gradually decrease relative to GDP in the coming years
The agency expects inflation rates to remain at moderate levels, averaging 2.4% in the coming years
Khaberni - Standard and Poor's announced the affirmation of Jordan's long-term sovereign credit rating in local and foreign currency at BB-, with a stable outlook.
The agency indicated in its report issued today, Friday, that the affirmation of the rating was a result of macroeconomic stability and progress made in economic and financial reforms, resilience in economic performance, rising levels of foreign reserves, and continued donor support.
The agency projected in its report that Jordan's economy would grow by 2.8% in 2025 and by 3% in 2026, given regional developments, and recovery in the tourism sector, and a gradual increase in trade volume with Syria and Iraq, with rates reaching 3.1% and 3.2% in 2027 and 2028, respectively.
Regarding public finance indicators, the agency expects the consolidated budget deficit to drop to 1.6% of GDP in 2026 compared to 2.3% in 2025, and it also expects the ratio of net general government debt to GDP to gradually decrease in the coming years.
On the monetary indicators front, the agency noted in its report the rise in foreign reserves to USD 28.6 billion at the beginning of 2026, confirming that pegging the Jordanian dinar to the U.S. dollar contributed to price stability and contained inflation rates.
The agency expects, in this context, that inflation rates will remain at moderate levels, averaging 2.4% in the coming years.
