section_path: Economic impact by continent, region and country/Asia/Jordan
section_name: Jordan
paragraph_text: Jordan
  
  Jordan's real GDP fell by 1.6% in 2020, with a dramatic reduction in tourism, one of its most crucial economic sectors. The sector's GDP fell by 3%.
  
  SMEs appeared less affected by the pandemic than bigger enterprises. 50% of banks questioned reported an increase in loan supply to SMEs, while 25% reported a reduction. For corporates, the increase in loan supply was 25% and 45% reported a reduction. The country's unemployment rate hit 25% in 2021, the highest in more than 25 years.
  
  Macroeconomic stability, however, has been maintained, and the International Monetary Fund expects modest growth rates for 2022 (2.7%) and 2023 (2.7%) in predictions provided in the October 2021 World Economic Outlook. In the first half of 2021, real GDP increased by 3.2%.