Moody's published its assessment of Jordan on 16 October 2026, outlining a positive outlook for the nation’s financial performance. The agency forecasts that Jordan's real GDP growth will reach 2.7% in 2026. Looking toward the longer term, Moody's expects real GDP growth to gradually increase to 3% over the remainder of the decade. This report provides a full overview of the agency’s expectations for the Jordanian economy as it navigates the current fiscal year and looks ahead to future development trends.
Upgraded Economic and Fiscal Scores
Moody's raised Jordan's economic strength score to Ba1. This adjustment follows a ratings committee meeting held by the agency regarding the country on 9 October 2026. During this meeting, analysts reviewed the macroeconomic indicators and structural factors that define the current economic landscape of Jordan. The decision to elevate the economic strength score reflects the agency's analysis of the country's resilience and its capacity for continued growth within the stated parameters.
In the same assessment, Moody's raised Jordan's fiscal strength score to B2. These updated scores reflect the agency's current evaluation of the nation's financial standing. By adjusting these specific metrics, the agency has signaled a recalibration of its view regarding the fiscal health of the state. These scores serve as a formal benchmark for how the agency perceives the government's ability to manage its revenue and expenditure frameworks effectively over the next several years. The process of arriving at these scores involved a detailed examination of the fiscal policies currently in place and their projected influence on the national balance sheet.
Debt Reduction and Future Outlook
Moody's anticipates a downward trajectory for Jordan’s government debt levels over the coming two years. Government debt is projected to fall from 83.6% of GDP in 2025 to approximately 81% by the end of 2027. These figures represent the agency's assessment of national fiscal management and the expected impact of current economic policies on the country’s overall debt burden.
The projected decline in the debt-to-GDP ratio is a central component of the agency’s broader outlook for the country. By tracking the transition from 83.6% in 2025 down to the 81% mark by the end of 2027, the agency notes a shift in the debt profile that may influence future credit assessments. This trajectory is contingent upon the continued implementation of the fiscal strategies currently being monitored by the agency.
The publication of these findings on 16 October 2026 serves as the definitive update following the ratings committee meeting held on 9 October 2026. The agency’s assessment remains focused on these specific indicators as they provide the most accurate reflection of the expected economic trajectory for Jordan. As the government continues to execute its financial planning, Moody's will maintain its focus on these key benchmarks to determine if the nation stays on its projected path toward the anticipated fiscal and economic targets by the end of the decade.