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Jordan's Tourism Revenues Rise by 12.7% End of October

Jordan's Tourism Revenues Rise by 12.7% End of October

Thursday, 16 November, 2017 - 10:30
A tourist boy takes a picture of a camel at the Red Rose ancient city of Petra, southern Jordan. REUTERS/Ali Jarekji

The Central Bank of Jordan reported that tourism revenues rose by 12.7 per cent during the first ten months of this year to around $3.9 billion, up from $2.4 billion generated during the same period in 2016.

The CBJ, in a statement issued on Wednesday, attributed that to the rise in the number of tourists by 8.9 percent compared to the same period of last year.

The Kingdom's revenues last month rose by 18.5 percent standing at $336.6 million due to the rise in the number of tourists by 12.3 percent compared the same period of last year.

Inaugurating the fifth forum on banks’ social responsibility on Wednesday, Central Bank of Jordan (CBJ) Governor Ziad Fariz highlighted that the national economy has shown signs of recovery and is expected to achieve positive growth rates in the coming years.

Fariz added that Jordan has managed to overcome formidable challenges in the past five years, the Jordan News Agency, Petra, reported.

The regional and world situations, he said, have led to a decline in growth rates to way less than their historic rates of 7.1 percent recorded before regional crises emerged to an average of 2.6 percent after the outbreak of crises between 2010 and 2016.

However, according to the governor, the growth rate remained positive, reaching in the first half of the year 2.1 percent, and is expected to reach 2.2 percent by year-end, compared to 2 percent by the end of 2016.

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