According to reports from the Central Bank of Jordan, the growth rate in Jordan increased by 2.7%, followed by an inflation rate of approximately 1.86%. Unemployment in Jordan in the second quarter of 2025 was around 21.3%, remaining stable compared to the first quarter of 2025. Youth unemployment remains a major concern for the government, and unemployment rates are higher among females (32.8%) compared to males (18.1%).

Economic Crises Affecting Car Rental Offices in Jordan:

Economic and financial crises are important topics to study because they have caused the collapse of many organizations and companies, leading to large-scale job losses and social damages far exceeding the economic losses. According to historical data, the growth rate dropped to 7.2% in 2008 compared to 2005 due to the global financial crisis, considered the worst since the Great Depression. This crisis affected global demand for cars, and its effects are still felt today. The 2008 global financial crisis worsened the situation, pushing unemployment rates above 17%.

In 2011, the growth rate decreased to 2.7% due to the Arab Spring crisis, which led to the collapse of several countries including Syria, Egypt, Yemen, and the broader Arab region.

From 2019 to 2020, GDP growth fell from 2.7% to −1.1%, turning negative due to the COVID-19 pandemic. Unemployment rose sharply to 23.2% in 2020, while the economy contracted by 1.6%, negatively impacting several sectors, including the automotive trade.

How OK AUTO Can Impact the Jordanian Economy:

The OK AUTO platform can contribute to increasing Jordan’s GDP by reducing unemployment and boosting activity in the car trade market.

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Register on the OK AUTO platform to learn more.