Jordan was ranked 93rd globally and 5th out of 14 countries in the Middle East and North Africa region on the 2023 Index of Economic Freedom issued by the Heritage Foundation think tank (JT file photo)AMMAN — Jordan was ranked 93rd globally and 5th out of 14 countries in the Middle East and North Africa (MENA) region on the 2023 Index of Economic Freedom issued by the Heritage Foundation think tank. Jordan’s economic freedom score is 58.8, which is below the world average of 59.3 and 1.3 points lower than last year, the report stated. The report also indicated that economic growth is “constrained by structural weaknesses”, which are dampening economic freedom. Regulatory efficiencyThe report showed that Jordan scored 59.8 in business freedom, 57.4 in labour freedom and 83.6 in monetary freedom. Open marketsJordan’s investment freedom score of 70 and financial freedom score of 60 were significantly above the global average, and the country’s trade freedom score stood at 71.4, according to the report.

Source: The North Africa Journal June 11, 2023 02:43 UTC