Amman, July 3 (Petra)– Jordan has officially moved from the
lower-middle-income category to the upper-middle-income category in
the World Bank’s annual income classification update for fiscal year
2027, reflecting improved economic indicators and updated national
statistical data.

According to the update, Jordan’s gross national income (GNI) per
capita, calculated using the World Bank’s Atlas method, reached
US$5,260, surpassing the US$4,636 threshold for upper-middle-income
economies.

The World Bank said Jordan’s reclassification was driven by several
factors, most notably the rebasing of the country’s national accounts
carried out by the Department of Statistics. The revision included
updating the base year and expanding statistical coverage, indicating
that the size of Jordan’s economy is around 10 percent larger than
previously estimated.

The bank also noted that Jordan’s economy has continued to record
steady growth, supported by the resilience of key economic sectors,
expanding exports, and the maintenance of macroeconomic stability
despite ongoing regional challenges.

Jordan’s new classification places it among upper-middle-income
economies, a development regarded as a positive indicator of the
country’s economic performance and growing confidence in its economy.
The upgrade could also gradually affect the nature of financing
available to the Kingdom from some international financial
institutions, with greater access to financing instruments tailored
to higher-income economies.

The World Bank updates its income classifications annually based on
GNI per capita calculated using the Atlas method. The classifications
serve as an international benchmark used by development and financial
institutions in shaping lending policies, development assistance, and
cooperation programs with countries.

//Petra// MF