Jordan

  • Jordan is located in the Middle East and is bordered by Syria to the north, Iraq to the north-east, Israel and The West Bank to the west, and Saudi Arabia to the south and east. It has a coastline on the Dead Sea and the Gulf of Aqaba.
  • Economy

    Unlike its neighboring countries, Jordan has no crude oil supply and must depend on foreign oil. As crude oil prices rise, Jordan's economy has suffered. In a move to save $187 million for 2008, Jordan stopped many of its oil subsidies in February 2008. This move caused a sudden, 76% rise in oil prices, which in turn created a large increase in food prices. The inflation rate jumped from 12.5% in February to 14.1% in March.AMEInfo: Jordan's economy hit by soaring oil prices (April 28, 2008)

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