6.5% GDP growth rate at fixed prices in the third quarter of 2008 as compared with the third quarter of 2007

       The quarterly estimates’ results of the gross domestic product indicate that the rate of growth in the Jordanian economy for the third quarter of 2008 compared with the same quarter of 2007 has reached 6.5 % at constant prices. The contribution of the Manufacturing Sector and Finance, Insurance and Business Owners Sector to the Gross Domestic Product stood at 18.1% each, followed by the Transport, Storage and Communications Sector by 14.4%, Producers of Government Services Sector by 12.1%, then the Wholesale& Retail Trade, Restaurants & Hotels Sector and the Net Tax on Products Sector by 12.0 % for each of them (as shown in the attached table No.1).

       As for the contributions of various sectors to the accrued growth rate during the third quarter of 2008, the Finance, Insurance, Business Owners and Real Estate Sector has contributed by 1.3 percentage points, while the Transport, Storage and Communications Sector has ranked second by 1.2 percentage points, followed by the Manufacturing Sector by 0.9 percentage points, the Wholesale& Retail Trade Sector by 0.8 percentage points, followed by the Net Tax on Products Sector by 0.6 percentage points, the Government Services Sector by 0.5 percentage points. The rest of economic sectors have contributed by the balance (1.2) percentage points (as shown in the attached table No.2).

 Table (1): The economic sectors’ contribution to the GDP during the third quarter of 2008

  Table (2): The economic sectors contribution to the accrued growth (%) during the third quarter of 2008

Table (3): The average of GDP growth during 2007 and 2008 quarters at fixed prices