Performance overview: Jordan
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Jordan retains its position at 63rd place despite the daunting challenges it has to face as a result of the geopolitical situation in the region. Jordan has the advantage of having a fairly efficient goods market (43rd) because of a certain intensity of domestic competition that raises the efficiency of firms. The country also has relatively efficient financial markets (33rd), although trustworthiness and confidence in the financial sector needs to be strengthened (107th) and the labor market has some flexibility (29th). Going forward, Jordan can take advantage of its fairly vibrant business sector (36th) and healthy level of adoption of technologies from abroad (40th) to achieve a higher, more sustainable growth path. Addressing macroeconomic challenges will be key to freeing up public funding for competitiveness-enhancing investment, in particular in education (91st on primary education and 64th on enrollment in secondary and tertiary levels).