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Economy of Jordan vs Ukraine compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $191B for Ukraine, ranking 91/197 and 57/197 by economy size, respectively.

Jordan has $51.2B in government debt (92.6% of GDP), compared to $171B (110% of GDP) in Ukraine.

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 $
Ukraine
GDP, current $

GDP, constant 2015 $
Year GDP
Jordan Ukraine
Current $ Constant $ Current $ Constant $
1965 $599,759,760 - - -
1966 $657,999,737 - - -
1967 $631,679,747 - - -
1968 $561,119,776 - - -
1969 $698,879,720 - - -
1970 $639,519,744 - - -
1971 $678,159,729 - - -
1972 $788,479,685 - - -
1973 $943,783,840 - - -
1974 $1,197,483,949 - - -
1975 $1,363,073,498 - - -
1976 $1,708,521,219 $5,730,509,541 - -
1977 $2,096,778,602 $6,206,050,653 - -
1978 $2,602,208,589 $7,117,071,955 - -
1979 $3,271,368,781 $8,597,629,976 - -
1980 $3,910,044,474 $9,559,261,689 - -
1981 $4,383,944,703 $11,201,420,243 - -
1982 $4,681,240,993 $11,988,425,688 - -
1983 $4,920,692,191 $11,722,313,981 - -
1984 $4,967,162,160 $12,225,399,096 - -
1985 $4,993,601,520 $11,894,464,002 - -
1986 $6,402,050,485 $12,549,210,740 - -
1987 $6,756,209,762 $12,840,763,338 $64,087,694,038 $161,845,930,096
1988 $6,277,451,829 $13,028,517,104 $74,703,517,903 $165,999,646,445
1989 $4,221,373,674 $11,630,658,935 $82,709,161,099 $172,428,984,083
1990 $4,160,087,508 $11,598,569,492 $81,393,558,423 $161,487,959,613
1991 $4,344,467,193 $11,785,136,086 $77,350,733,982 $147,438,507,127
1992 $5,310,833,194 $13,476,276,723 $73,945,908,384 $132,842,094,919
1993 $5,606,400,222 $14,080,955,882 $65,648,559,903 $113,978,517,441
1994 $6,236,295,978 $14,780,987,323 $52,549,580,265 $87,877,436,948
1995 $6,727,597,032 $15,697,537,789 $48,213,856,469 $77,156,389,640
1996 $6,927,503,526 $16,025,148,664 $44,558,831,005 $69,440,750,676
1997 $7,245,839,210 $16,555,336,763 $50,151,531,592 $67,357,528,157
1998 $7,912,270,804 $17,054,012,096 $41,882,523,345 $66,077,735,120
1999 $8,149,929,478 $17,632,063,087 $31,580,639,554 $65,945,579,650
2000 $8,460,789,845 $18,380,669,692 $32,375,083,935 $69,836,368,849
2001 $8,975,814,653 $19,349,323,187 $39,309,580,983 $75,981,969,311
2002 $9,582,510,578 $20,468,450,875 $43,956,163,612 $80,039,138,413
2003 $10,195,627,645 $21,320,279,754 $52,010,355,753 $87,656,150,954
2004 $11,411,706,629 $23,146,833,798 $67,220,154,164 $97,995,502,972
2005 $12,588,998,590 $25,032,512,559 $89,238,865,119 $101,005,170,643
2006 $15,056,981,664 $27,058,387,611 $111,884,752,475 $108,652,697,105
2007 $17,110,437,236 $29,270,727,369 $148,733,861,386 $117,579,433,691
2008 $22,658,715,989 $31,384,186,979 $188,110,390,660 $120,217,318,405
2009 $24,537,876,056 $32,960,837,542 $121,552,153,444 $102,020,662,582
2010 $27,133,804,225 $33,723,826,288 $141,209,170,427 $106,195,352,550
2011 $29,524,149,155 $34,646,908,078 $169,333,835,202 $111,977,987,704
2012 $31,634,561,690 $35,488,605,512 $182,591,753,828 $112,148,546,939
2013 $34,454,440,141 $36,414,839,440 $190,498,811,460 $112,199,506,223
2014 $36,847,643,521 $37,647,146,046 $133,503,871,862 $100,891,035,819
2015 $38,587,017,887 $38,587,017,887 $91,030,967,789 $91,030,967,789
2016 $39,892,551,127 $39,356,512,808 $93,355,869,404 $93,253,017,277
2017 $41,608,435,915 $40,330,034,783 $112,090,505,082 $95,453,762,636
2018 $43,370,860,704 $41,103,996,750 $130,891,088,294 $98,783,535,744
2019 $44,503,006,338 $41,823,826,702 $153,883,047,510 $101,944,118,787
2020 $43,700,383,099 $41,362,613,666 $156,617,722,013 $98,118,341,608
2021 $46,296,100,141 $42,874,683,401 $199,765,859,571 $101,499,127,458
2022 $48,764,963,380 $44,009,762,840 $161,989,520,721 $72,309,415,410
2023 $51,088,476,338 $45,279,041,101 $181,221,517,869 $76,311,548,882
2024 $53,352,289,577 $46,405,988,481 $190,741,263,732 $78,535,131,746

Economic indicators

Jordan Ukraine
Gross domestic product
$53.4B
2024
$191B
2024
GDP rank
91/197
2024
57/197
2024
GDP growth
4.43%
2023-2024
5.25%
2023-2024
GDP per capita
$4,618
2024
$5,038
2024
GDP per capita rank
124/197
2024
118/197
2024
GDP per capita, PPP
$10,821
2024
$18,550
2024
Government debt
$51.2B
2024
$171B
2024
Debt-to-GDP ratio
92.6%
2025
110%
2025
Government debt per person
$4,429
2024
$4,526
2024
Government debt per person rank
88/185
2024
85/185
2024
Average annual personal income after taxes
$5,420
2025
$5,178
2025
Market capitalization of domestic companies
$24.9B
2024
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
27.4%
2010
21.7%
2020
Income share by poorest 10%
3.5%
2010
4.3%
2020
Government expenditure, % of GDP
31.3%
2025
58%
2025
Consumer prices inflation
1.56%
2023-2024
12.6%
2024-2025
Central bank interest rate
6.25%
2025
15.5%
2025
Unemployment rate
16.6%
2023
9.83%
2021
Population
11575983
39426577

GDP per capita in Jordan vs Ukraine

Jordan's GDP per capita is $4,618, ranking 124/197, compared to $5,038 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Ukraine ranks 99th at $18,550.

Jordan
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
Year Current $
Jordan Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1965 $546 - - -
1966 $558 - - -
1967 $497 - - -
1968 $409 - - -
1969 $474 - - -
1970 $409 - - -
1971 $412 - - -
1972 $460 - - -
1973 $531 - - -
1974 $651 - - -
1975 $718 - - -
1976 $873 - - -
1977 $1,039 - - -
1978 $1,249 - - -
1979 $1,519 - - -
1980 $1,750 - - -
1981 $1,885 - - -
1982 $1,929 - - -
1983 $1,939 - - -
1984 $1,871 - - -
1985 $1,797 - - -
1986 $2,200 - - -
1987 $2,217 - $1,244 -
1988 $1,966 - $1,444 -
1989 $1,260 - $1,593 -
1990 $1,149 $4,317 $1,564 $7,591
1991 $1,110 $4,195 $1,483 $7,148
1992 $1,287 $4,654 $1,413 $6,568
1993 $1,289 $4,726 $1,254 $5,766
1994 $1,367 $4,830 $1,009 $4,565
1995 $1,416 $5,027 $933 $4,124
1996 $1,410 $5,055 $870 $3,812
1997 $1,436 $5,171 $987 $3,794
1998 $1,532 $5,264 $831 $3,794
1999 $1,545 $5,402 $632 $3,871
2000 $1,571 $5,641 $653 $4,228
2001 $1,632 $5,948 $800 $4,747
2002 $1,706 $6,256 $903 $5,123
2003 $1,776 $6,500 $1,076 $5,764
2004 $1,940 $7,074 $1,401 $6,663
2005 $2,088 $7,697 $1,875 $7,142
2006 $2,343 $8,046 $2,366 $7,971
2007 $2,506 $8,416 $3,160 $8,900
2008 $3,242 $8,983 $4,018 $9,324
2009 $3,436 $9,291 $2,607 $7,995
2010 $3,718 $9,417 $3,040 $8,453
2011 $3,947 $9,632 $3,657 $9,127
2012 $4,170 $9,739 $3,951 $9,552
2013 $4,311 $9,817 $4,130 $10,904
2014 $4,191 $9,145 $2,904 $10,494
2015 $4,043 $8,967 $1,988 $9,922
2016 $3,987 $8,748 $2,047 $10,865
2017 $4,066 $9,266 $2,467 $11,536
2018 $4,145 $9,042 $2,895 $12,555
2019 $4,170 $9,429 $3,423 $14,217
2020 $4,022 $9,579 $3,505 $15,541
2021 $4,183 $9,182 $4,510 $17,846
2022 $4,332 $9,927 $3,946 $14,770
2023 $4,466 $10,412 $4,803 $17,665
2024 $4,618 $10,821 $5,038 $18,550

Spending and national debt comparison

In 2024, Jordan's government spending was $17.8B, accounting for 31.3% of its GDP, while Ukraine's spent $136B, or 58% of GDP.

Debt-to-GDP ratio is 92.6% in Jordan and 110% in Ukraine, ranking 29/185 and 15/185, respectively.

Jordan
Government spending

Government debt
Ukraine
Government spending

Government debt
Year % of GDP
Jordan Ukraine
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% - -
1991 44.9% 207.7% - -
1992 35.5% 155.1% - -
1993 36.4% 140.6% - -
1994 34.3% 129% - -
1995 35.5% 117.8% 41.3% 30.2%
1996 36.2% 116.5% 36.9% 24.4%
1997 33.9% 109% 40.8% 28.9%
1998 34.9% 110.8% 37.1% 46.5%
1999 32.7% 109% 25.8% 59%
2000 33.1% 99.3% 35.5% 43.8%
2001 32.1% 94.4% 36.7% 36.7%
2002 32.9% 94.9% 37.9% 33.6%
2003 36% 88.8% 38.9% 29.4%
2004 36.6% 81.5% 41.6% 24.8%
2005 37.3% 73% 44.2% 17.7%
2006 34.7% 66.3% 44.6% 14.8%
2007 35.8% 64.3% 43.7% 12.3%
2008 34% 54.2% 47.1% 20.4%
2009 34.5% 58% 48.6% 35.4%
2010 32% 59.4% 49.2% 40.6%
2011 35.6% 62.1% 45.7% 36.9%
2012 36.8% 70.5% 49% 37.5%
2013 33.6% 75.6% 48.1% 40.5%
2014 35.6% 75% 44.8% 70.3%
2015 32.7% 78.4% 43% 79.3%
2016 28.4% 77.4% 40.8% 79.5%
2017 28.7% 75.7% 41.7% 71.6%
2018 30.1% 74.3% 41.9% 60.4%
2019 30.1% 78% 41.5% 50.5%
2020 31.7% 87.9% 45.6% 60.5%
2021 32.2% 98.2% 40.5% 48.9%
2022 32.6% 97.9% 65.4% 77.7%
2023 32.8% 97% 74.4% 82.3%
2024 33.3% 95.9% 71.4% 89.8%
2025 31.3% 92.6% 58% 110%

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 Ukraine's deficit of -$32.9B, or -17.2% of GDP.

Over the past 30 years, Jordan recorded a fiscal deficit in 30 of those years, while Ukraine ran a deficit in 29 years. On average, Jordan posted an annual deficit equal to -5.82% of GDP, compared to deficit of -4.46% of GDP for Ukraine.

Deficit/surplus
Jordan

Ukraine
Year Deficit/surplus, % of GDP
Jordan Ukraine
1985 -6.9% -
1986 -2.39% -
1987 -13.4% -
1988 -13% -
1989 -6.89% -
1990 -7.45% -
1991 -10.2% -
1992 1.87% -
1993 -2.14% -
1994 -2.3% -
1995 -1.72% -4.72%
1996 -3.25% -3.09%
1997 -2.97% -5.37%
1998 -5.4% -2.69%
1999 -2.69% 4.95%
2000 -3.99% -3.19%
2001 -2.77% -3.03%
2002 -4.44% -1.84%
2003 -2.52% -0.89%
2004 -1.09% -4.41%
2005 -5.36% -2.28%
2006 -3.82% -1.36%
2007 -5.03% -1.97%
2008 -4.8% -3.14%
2009 -8.84% -6.27%
2010 -7.81% -5.77%
2011 -9.82% -2.76%
2012 -14.3% -4.31%
2013 -10.1% -4.78%
2014 -8.48% -4.46%
2015 -8.39% -1.16%
2016 -3.66% -2.46%
2017 -3.57% -2.36%
2018 -4.61% -2.12%
2019 -5.83% -2.08%
2020 -9.07% -5.92%
2021 -7.46% -3.97%
2022 -6.95% -15.6%
2023 -7.64% -19.6%
2024 -8.26% -17.2%
2025 -5.32% -18.8%

Inflation comparison by year

Over the past 29 years, Jordan has recorded an average annual inflation rate of 3.03%, compared with 15.1% in Ukraine. In 2024, inflation was 1.56% in Jordan and 12.6% in Ukraine.

Inflation
Jordan

Ukraine
Year Inflation
Jordan Ukraine Jordan Ukraine
1996 6.5% 80.2%
1997 3.04% 15.9%
1998 3.09% 10.6%
1999 0.61% 22.7%
2000 0.67% 28.2%
2001 1.77% 12%
2002 1.83% 0.8%
2003 1.63% 5.2%
2004 3.36% 9%
2005 3.49% 13.5%
2006 6.25% 9.1%
2007 4.74% 12.8%
2008 14% 25.2%
2009 -0.74% 15.9%
2010 4.85% 9.4%
2011 4.16% 8%
2012 4.52% 0.6%
2013 4.82% -0.3%
2014 2.9% 12.1%
2015 -0.88% 48.7%
2016 -0.78% 13.9%
2017 3.32% 14.4%
2018 4.46% 10.9%
2019 0.76% 7.9%
2020 0.33% 2.7%
2021 1.35% 9.4%
2022 4.23% 20.2%
2023 2.08% 12.9%
2024 1.56% 6.5%
2025 - 12.6%

Top exports between countries

Jordan
Export category Export value
Raw materials & minerals $16.7M
Chemicals & pharma $470K
Textiles & consumer goods $246K
Raw agricultural goods $146K
Processed food, beverages & tobacco $94K
Animal & marine products $80K
Machinery & equipment $66K
Precious metals & jewellery $61K
Metals $2K
Ukraine
Export category Export value
Processed food, beverages & tobacco $47.1M
Raw agricultural goods $40.2M
Metals $15.1M
Animal & marine products $6.98M
Miscellaneous $4.77M
Textiles & consumer goods $1.78M
Machinery & equipment $1.03M
Chemicals & pharma $187K
Raw materials & minerals $117K
Wood & paper products $55K

Balance of trade

Jordan Ukraine
Current account balance
-$3.13B
2024
-$15.9B
2024
Current account balance ranking
156/189
2024
179/189
2024
Current account balance, % of GDP
-5.86%
2024
-8.35%
2024
Goods imports
$23.9B
2024
$72.7B
2024
Goods exports
$13.3B
2024
$38.9B
2024
Service imports
$6.5B
2024
$22.8B
2024
Service exports
$9.45B
2024
$17.2B
2024
Imports of goods and services, % of GDP
57.1%
2024
48.3%
2024
Exports of goods and services, % of GDP
42.6%
2024
29.4%
2024

Economic freedom indices

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

Jordan Ukraine
Economic freedom 59.4 54.1
Economic freedom ranking 101/197 138/197
Property rights 54.4 21.5
Government integrity 48.8 35.4
Judicial effectiveness 43.5 29.9
Tax burden 83.9 89.1
Government spending 68.5 44.5
Fiscal health 2.8 73.6
Business freedom 62.4 61.1
Labor freedom 55.6 60.7
Monetary freedom 79.9 71.2
Trade freedom 82.4 73.2
Investment freedom 70 35
Financial freedom 60 30

Economic freedom by year comparison

The Economic Freedom Index for Jordan is 59.4, ranking 101/197, compared to 54.1 for Ukraine, ranking 138/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Jordan
Ukraine
Year Economic freedom index
Jordan Ukraine
1995 62.7 39.9
1996 60.8 40.6
1997 63.6 43.5
1998 66.8 40.4
1999 67.4 43.7
2000 67.5 47.8
2001 68.3 48.5
2002 66.2 48.2
2003 65.3 51.1
2004 66.1 53.7
2005 66.7 55.8
2006 63.7 54.4
2007 64.5 51.5
2008 64.1 51
2009 65.4 48.8
2010 66.1 46.4
2011 68.9 45.8
2012 69.9 46.1
2013 70.4 46.3
2014 69.2 49.3
2015 69.3 46.9
2016 68.3 46.8
2017 66.7 48.1
2018 64.9 51.9
2019 66.5 52.3
2020 66 54.9
2021 64.6 56.2
2022 60.1 54.1
2023 58.8 -
2024 58.3 -
2025 59.4 -

More economic indicators

Jordan Ukraine
Services, % of GDP
60.4%
2024
60.6%
2024
Industry, % of GDP
25.1%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
7.11%
2024
GNI, Atlas method
$51.2B
2024
$185B
2024
GNI per capita, PPP
$10,570
2024
$18,580
2024
Total reserves including gold
$21.9B
2024
$43.8B
2024
Total reserves ranking
60/177
2024
46/177
2024
Net foreign direct investment
-$1.58B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$1.63B
2024
$4.02B
2024
Net outflows of foreign direct investment
$54.1M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
7.66%
2023
4.2%
2023
Poverty at national poverty lines
14.2%
2020
23.2%
2020
Gross capital formation, % of GDP
25.2%
2021
18.6%
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.