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Economy of Jordan vs Malaysia compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $422B for Malaysia, ranking 91/197 and 39/197 by economy size, respectively.

Jordan has $51.2B in government debt (92.6% of GDP), compared to $297B (70.1% of GDP) in Malaysia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Jordan
GDP, current $

GDP, constant 2015 $
Malaysia
GDP, current $

GDP, constant 2015 $
Year GDP
Jordan Malaysia
Current $ Constant $ Current $ Constant $
1960 - - $1,916,229,477 $10,075,053,650
1961 - - $1,901,856,123 $10,840,555,622
1962 - - $2,001,489,602 $11,536,630,908
1963 - - $2,510,110,348 $12,383,281,584
1964 - - $2,674,423,922 $13,046,897,051
1965 $599,759,760 - $2,956,337,669 $14,049,533,277
1966 $657,999,737 - $3,143,517,944 $15,147,744,694
1967 $631,679,747 - $3,188,924,677 $15,732,015,397
1968 $561,119,776 - $3,330,371,551 $16,987,114,742
1969 $698,879,720 - $3,664,552,041 $17,817,535,563
1970 $639,519,744 - $3,864,145,667 $18,884,189,212
1971 $678,159,729 - $4,244,395,956 $20,779,153,503
1972 $788,479,685 - $5,043,347,250 $22,729,992,899
1973 $943,783,840 - $7,662,902,678 $25,389,647,919
1974 $1,197,483,949 - $9,496,204,302 $27,501,726,906
1975 $1,363,073,498 - $9,298,800,799 $27,722,034,465
1976 $1,708,521,219 $5,730,509,541 $11,050,234,599 $30,927,669,086
1977 $2,096,778,602 $6,206,050,653 $13,139,488,633 $33,325,509,326
1978 $2,602,208,589 $7,117,071,955 $16,358,079,862 $35,542,952,797
1979 $3,271,368,781 $8,597,629,976 $21,213,264,962 $38,865,898,972
1980 $3,910,044,474 $9,559,261,689 $24,488,224,677 $41,758,231,850
1981 $4,383,944,703 $11,201,420,243 $25,004,285,792 $44,657,131,817
1982 $4,681,240,993 $11,988,425,688 $26,804,493,635 $47,311,173,245
1983 $4,920,692,191 $11,722,313,981 $30,347,442,111 $50,269,176,995
1984 $4,967,162,160 $12,225,399,096 $33,942,897,422 $54,170,965,010
1985 $4,993,601,520 $11,894,464,002 $31,199,633,353 $53,615,577,054
1986 $6,402,050,485 $12,549,210,740 $27,734,111,400 $54,280,729,183
1987 $6,756,209,762 $12,840,763,338 $32,181,210,158 $57,098,947,793
1988 $6,277,451,829 $13,028,517,104 $35,272,109,220 $62,773,281,162
1989 $4,221,373,674 $11,630,658,935 $38,847,965,293 $68,460,289,887
1990 $4,160,087,508 $11,598,569,492 $44,024,585,240 $74,627,553,680
1991 $4,344,467,193 $11,785,136,086 $49,143,148,094 $81,751,102,498
1992 $5,310,833,194 $13,476,276,723 $59,167,550,163 $89,014,784,404
1993 $5,606,400,222 $14,080,955,882 $66,894,966,969 $97,822,746,879
1994 $6,236,295,978 $14,780,987,323 $74,478,356,958 $106,834,219,205
1995 $6,727,597,032 $15,697,537,789 $88,705,342,903 $117,335,045,631
1996 $6,927,503,526 $16,025,148,664 $100,855,393,910 $129,071,719,045
1997 $7,245,839,210 $16,555,336,763 $100,005,323,302 $138,523,307,833
1998 $7,912,270,804 $17,054,012,096 $72,167,498,981 $128,328,802,477
1999 $8,149,929,478 $17,632,063,087 $79,148,421,053 $136,205,126,471
2000 $8,460,789,845 $18,380,669,692 $93,789,736,842 $148,271,359,065
2001 $8,975,814,653 $19,349,323,187 $92,783,947,368 $149,038,923,296
2002 $9,582,510,578 $20,468,450,875 $100,845,526,316 $157,073,594,224
2003 $10,195,627,645 $21,320,279,754 $110,202,368,421 $166,165,798,104
2004 $11,411,706,629 $23,146,833,798 $124,749,473,684 $177,437,551,536
2005 $12,588,998,590 $25,032,512,559 $143,534,405,819 $186,898,768,709
2006 $15,056,981,664 $27,058,387,611 $162,692,258,307 $197,336,779,112
2007 $17,110,437,236 $29,270,727,369 $193,549,569,478 $209,766,600,384
2008 $22,658,715,989 $31,384,186,979 $230,811,614,370 $219,902,039,819
2009 $24,537,876,056 $32,960,837,542 $202,257,453,037 $216,573,759,299
2010 $27,133,804,225 $33,723,826,288 $255,017,638,456 $232,654,030,399
2011 $29,524,149,155 $34,646,908,078 $297,951,668,675 $244,970,531,974
2012 $31,634,561,690 $35,488,605,512 $314,443,047,642 $258,378,881,826
2013 $34,454,440,141 $36,414,839,440 $323,276,235,524 $270,506,469,604
2014 $36,847,643,521 $37,647,146,046 $338,066,095,097 $286,755,041,078
2015 $38,587,017,887 $38,587,017,887 $301,355,266,965 $301,355,266,965
2016 $39,892,551,127 $39,356,512,808 $301,256,033,870 $314,764,917,575
2017 $41,608,435,915 $40,330,034,783 $319,109,094,160 $333,061,328,477
2018 $43,370,860,704 $41,103,996,750 $358,788,845,713 $349,191,778,300
2019 $44,503,006,338 $41,823,826,702 $365,177,721,022 $364,602,265,936
2020 $43,700,383,099 $41,362,613,666 $337,456,163,961 $344,706,479,641
2021 $46,296,100,141 $42,874,683,401 $373,784,823,673 $356,134,704,342
2022 $48,764,963,380 $44,009,762,840 $407,605,841,348 $387,694,727,479
2023 $51,088,476,338 $45,279,041,101 $399,705,137,434 $401,479,163,711
2024 $53,352,289,577 $46,405,988,481 $421,972,102,254 $422,011,432,357

Economic indicators

Jordan Malaysia
Gross domestic product
$53.4B
2024
$422B
2024
GDP rank
91/197
2024
39/197
2024
GDP growth
4.43%
2023-2024
5.57%
2023-2024
GDP per capita
$4,618
2024
$11,867
2024
GDP per capita rank
124/197
2024
81/197
2024
GDP per capita, PPP
$10,821
2024
$38,729
2024
Government debt
$51.2B
2024
$297B
2024
Debt-to-GDP ratio
92.6%
2025
70.1%
2025
Government debt per person
$4,429
2024
$8,353
2024
Government debt per person rank
88/185
2024
63/185
2024
Average annual personal income after taxes
$5,420
2025
$9,650
2025
Market capitalization of domestic companies
$24.9B
2024
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
27.4%
2010
30.9%
2021
Income share by poorest 10%
3.5%
2010
2.3%
2021
Government expenditure, % of GDP
31.3%
2025
23.1%
2025
Consumer prices inflation
1.56%
2023-2024
1.83%
2023-2024
Central bank interest rate
6.25%
2025
2.75%
2025
Unemployment rate
16.6%
2023
3.93%
2022
Population
11575983
36304998

GDP per capita in Jordan vs Malaysia

Jordan's GDP per capita is $4,618, ranking 124/197, compared to $11,867 in Malaysia, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Malaysia ranks 60th at $38,729.

Jordan
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
Year Current $
Jordan Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $240.8 -
1961 - - $232.9 -
1962 - - $238.8 -
1963 - - $291.8 -
1964 - - $303 -
1965 $546 - $326 -
1966 $558 - $339 -
1967 $497 - $335 -
1968 $409 - $342 -
1969 $474 - $368 -
1970 $409 - $380 -
1971 $412 - $407 -
1972 $460 - $472 -
1973 $531 - $701 -
1974 $651 - $848 -
1975 $718 - $811 -
1976 $873 - $940 -
1977 $1,039 - $1,092 -
1978 $1,249 - $1,327 -
1979 $1,519 - $1,680 -
1980 $1,750 - $1,886 -
1981 $1,885 - $1,866 -
1982 $1,929 - $1,938 -
1983 $1,939 - $2,124 -
1984 $1,871 - $2,300 -
1985 $1,797 - $2,046 -
1986 $2,200 - $1,760 -
1987 $2,217 - $1,977 -
1988 $1,966 - $2,100 -
1989 $1,260 - $2,244 -
1990 $1,149 $4,317 $2,469 $6,887
1991 $1,110 $4,195 $2,679 $7,583
1992 $1,287 $4,654 $3,141 $8,224
1993 $1,289 $4,726 $3,462 $9,018
1994 $1,367 $4,830 $3,758 $9,806
1995 $1,416 $5,027 $4,363 $10,720
1996 $1,410 $5,055 $4,837 $11,709
1997 $1,436 $5,171 $4,679 $12,469
1998 $1,532 $5,264 $3,294 $11,398
1999 $1,545 $5,402 $3,528 $11,980
2000 $1,571 $5,641 $4,084 $13,027
2001 $1,632 $5,948 $3,944 $13,072
2002 $1,706 $6,256 $4,184 $13,656
2003 $1,776 $6,500 $4,465 $14,387
2004 $1,940 $7,074 $4,939 $15,416
2005 $2,088 $7,697 $5,556 $16,371
2006 $2,343 $8,046 $6,158 $17,426
2007 $2,506 $8,416 $7,169 $18,617
2008 $3,242 $8,983 $8,372 $19,480
2009 $3,436 $9,291 $7,191 $18,923
2010 $3,718 $9,417 $8,899 $20,193
2011 $3,947 $9,632 $10,217 $21,324
2012 $4,170 $9,739 $10,601 $22,639
2013 $4,311 $9,817 $10,714 $23,161
2014 $4,191 $9,145 $11,013 $24,307
2015 $4,043 $8,967 $9,649 $24,526
2016 $3,987 $8,748 $9,477 $25,286
2017 $4,066 $9,266 $9,863 $26,416
2018 $4,145 $9,042 $10,902 $27,794
2019 $4,170 $9,429 $10,920 $28,934
2020 $4,022 $9,579 $9,958 $27,475
2021 $4,183 $9,182 $10,903 $29,823
2022 $4,332 $9,927 $11,748 $34,366
2023 $4,466 $10,412 $11,379 $36,417
2024 $4,618 $10,821 $11,867 $38,729

Spending and national debt comparison

In 2024, Jordan's government spending was $17.8B, accounting for 31.3% of its GDP, while Malaysia's spent $101B, or 23.1% of GDP.

Debt-to-GDP ratio is 92.6% in Jordan and 70.1% in Malaysia, ranking 29/185 and 55/185, respectively.

Jordan
Government spending

Government debt
Malaysia
Government spending

Government debt
Year % of GDP
Jordan Malaysia
Government spending Government debt Government spending Government debt
1985 42.4% 85.2% - -
1986 33.8% 84.3% - -
1987 42.1% 101.9% - -
1988 44.3% 129.3% - -
1989 42.5% 195.4% - -
1990 44% 227.5% 30.5% 74.1%
1991 44.9% 207.7% 27.4% 67.3%
1992 35.5% 155.1% 28.2% 59.1%
1993 36.4% 140.6% 24.6% 51.1%
1994 34.3% 129% 23.3% 43.7%
1995 35.5% 117.8% 22.6% 38.2%
1996 36.2% 116.5% 22.4% 32.8%
1997 33.9% 109% 21.2% 29.6%
1998 34.9% 110.8% 23.1% 33.6%
1999 32.7% 109% 24.6% 34.4%
2000 33.1% 99.3% 25.6% 32.5%
2001 32.1% 94.4% 28.2% 38.1%
2002 32.9% 94.9% 27.1% 39.5%
2003 36% 88.8% 28.1% 41.4%
2004 36.6% 81.5% 25.9% 42%
2005 37.3% 73% 24.5% 40.8%
2006 34.7% 66.3% 25.6% 39.7%
2007 35.8% 64.3% 25.9% 39.3%
2008 34% 54.2% 26.9% 39.4%
2009 34.5% 58% 30.9% 50.4%
2010 32% 59.4% 26.6% 51.2%
2011 35.6% 62.1% 27.1% 51.9%
2012 36.8% 70.5% 28.5% 53.8%
2013 33.6% 75.6% 27.8% 55.7%
2014 35.6% 75% 26% 55.4%
2015 32.7% 78.4% 24.7% 57%
2016 28.4% 77.4% 22.9% 55.8%
2017 28.7% 75.7% 22% 54.4%
2018 30.1% 74.3% 22.8% 55.6%
2019 30.1% 78% 23.6% 57.1%
2020 31.7% 87.9% 25% 67.7%
2021 32.2% 98.2% 24.5% 69.2%
2022 32.6% 97.9% 24.7% 65.5%
2023 32.8% 97% 24.9% 69.7%
2024 33.3% 95.9% 23.9% 70.4%
2025 31.3% 92.6% 23.1% 70.1%

Government deficit by year

In 2024, Jordan's government deficit, the difference between spending and revenue, was -$4.41B, equivalent to -8.26% of GDP. This compares to Malaysia's deficit of -$16.7B, or -3.95% of GDP.

Over the past 35 years, Jordan recorded a fiscal deficit in 34 of those years, while Malaysia ran a deficit in 27 years. On average, Jordan posted an annual deficit equal to -5.57% of GDP, compared to deficit of -2.07% of GDP for Malaysia.

Deficit/surplus
Jordan

Malaysia
Year Deficit/surplus, % of GDP
Jordan Malaysia
1985 -6.9% -
1986 -2.39% -
1987 -13.4% -
1988 -13% -
1989 -6.89% -
1990 -7.45% 0.15%
1991 -10.2% 1.6%
1992 1.87% 1.81%
1993 -2.14% 3.44%
1994 -2.3% 5.45%
1995 -1.72% 3.1%
1996 -3.25% 3.27%
1997 -2.97% 4.84%
1998 -5.4% -0.63%
1999 -2.69% -3%
2000 -3.99% -6.05%
2001 -2.77% -4.36%
2002 -4.44% -3.96%
2003 -2.52% -4.6%
2004 -1.09% -3.35%
2005 -5.36% -2.83%
2006 -3.82% -2.6%
2007 -5.03% -2.57%
2008 -4.8% -3.4%
2009 -8.84% -5.88%
2010 -7.81% -4.32%
2011 -9.82% -3.57%
2012 -14.3% -3.1%
2013 -10.1% -3.48%
2014 -8.48% -2.63%
2015 -8.39% -2.55%
2016 -3.66% -2.6%
2017 -3.57% -2.41%
2018 -4.61% -2.64%
2019 -5.83% -2.01%
2020 -9.07% -4.9%
2021 -7.46% -6.03%
2022 -6.95% -4.56%
2023 -7.64% -3.97%
2024 -8.26% -3.95%
2025 -5.32% -3.36%

Inflation comparison by year

Over the past 29 years, Jordan has recorded an average annual inflation rate of 3.03%, compared with 2.29% in Malaysia. In 2024, inflation was 1.56% in Jordan and 1.83% in Malaysia.

Inflation
Jordan

Malaysia
Year Inflation
Jordan Malaysia Jordan Malaysia
1996 6.5% 3.49%
1997 3.04% 2.66%
1998 3.09% 5.27%
1999 0.61% 2.74%
2000 0.67% 1.53%
2001 1.77% 1.42%
2002 1.83% 1.81%
2003 1.63% 1.09%
2004 3.36% 1.42%
2005 3.49% 2.98%
2006 6.25% 3.61%
2007 4.74% 2.03%
2008 14% 5.44%
2009 -0.74% 0.58%
2010 4.85% 1.62%
2011 4.16% 3.17%
2012 4.52% 1.66%
2013 4.82% 2.11%
2014 2.9% 3.14%
2015 -0.88% 2.1%
2016 -0.78% 2.09%
2017 3.32% 3.87%
2018 4.46% 0.88%
2019 0.76% 0.66%
2020 0.33% -1.14%
2021 1.35% 2.48%
2022 4.23% 3.38%
2023 2.08% 2.49%
2024 1.56% 1.83%

Top exports between countries

Jordan
Export category Export value
Raw materials & minerals $51.2M
Metals $3.3M
Processed food, beverages & tobacco $1.09M
Machinery & equipment $880K
Raw agricultural goods $773K
Textiles & consumer goods $277K
Chemicals & pharma $137K
Animal & marine products $86K
Wood & paper products $1K
Malaysia
Export category Export value
Processed food, beverages & tobacco $53.5M
Textiles & consumer goods $32M
Chemicals & pharma $26.7M
Machinery & equipment $7.81M
Raw materials & minerals $6.54M
Metals $2.31M
Wood & paper products $1.92M
Precious metals & jewellery $1.41M
Animal & marine products $414K
Miscellaneous $189K

Balance of trade

Jordan Malaysia
Current account balance
-$3.13B
2024
$7.15B
2024
Current account balance ranking
156/189
2024
25/189
2024
Current account balance, % of GDP
-5.86%
2024
+1.69%
2024
Goods imports
$23.9B
2024
$223B
2024
Goods exports
$13.3B
2024
$248B
2024
Service imports
$6.5B
2024
$56.4B
2024
Service exports
$9.45B
2024
$53.4B
2024
Imports of goods and services, % of GDP
57.1%
2024
66%
2024
Exports of goods and services, % of GDP
42.6%
2024
71.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jordan Malaysia
Economic freedom 59.4 67.1
Economic freedom ranking 101/197 50/197
Property rights 54.4 66.3
Government integrity 48.8 51.1
Judicial effectiveness 43.5 66.2
Tax burden 83.9 83.9
Government spending 68.5 82.1
Fiscal health 2.8 48.1
Business freedom 62.4 76.6
Labor freedom 55.6 58.1
Monetary freedom 79.9 79.6
Trade freedom 82.4 83.4
Investment freedom 70 60
Financial freedom 60 50

Economic freedom by year comparison

The Economic Freedom Index for Jordan is 59.4, ranking 101/197, compared to 67.1 for Malaysia, ranking 50/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Jordan
Malaysia
Year Economic freedom index
Jordan Malaysia
1995 62.7 71.9
1996 60.8 69.9
1997 63.6 66.8
1998 66.8 68.2
1999 67.4 68.9
2000 67.5 66
2001 68.3 60.2
2002 66.2 60.1
2003 65.3 61.1
2004 66.1 59.9
2005 66.7 61.9
2006 63.7 61.6
2007 64.5 63.8
2008 64.1 63.9
2009 65.4 64.6
2010 66.1 64.8
2011 68.9 66.3
2012 69.9 66.4
2013 70.4 66.1
2014 69.2 69.6
2015 69.3 70.8
2016 68.3 71.5
2017 66.7 73.8
2018 64.9 74.5
2019 66.5 74
2020 66 74.7
2021 64.6 74.4
2022 60.1 68.1
2023 58.8 67.3
2024 58.3 65.7
2025 59.4 67.1

More economic indicators

Jordan Malaysia
Services, % of GDP
60.4%
2024
53.6%
2024
Industry, % of GDP
25.1%
2024
37.1%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
8.16%
2024
GNI, Atlas method
$51.2B
2024
$415B
2024
GNI per capita, PPP
$10,570
2024
$37,500
2024
Total reserves including gold
$21.9B
2024
$116B
2024
Total reserves ranking
60/177
2024
24/177
2024
Net foreign direct investment
-$1.58B
2024
-$2.55B
2024
Net inflows of foreign direct investment
$1.63B
2024
$15.6B
2024
Net outflows of foreign direct investment
$54.1M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
7.66%
2023
n/a
Poverty at national poverty lines
14.2%
2020
5.8%
2023
Gross capital formation, % of GDP
25.2%
2021
21.9%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.