Labor Productivity in Jordan's Economy

What is the main challenge facing all Jordanians?

What is the average economic growth rate expected to reach in 2019, according to IMF forecasts?

The overall unemployment rate in Jordan is decreasing.

What is the most commonly used measure of labor productivity?

Which of the following is NOT a benefit of higher labor productivity?

What is the name of the organization that published the 2018 labor productivity for 123 countries?

China topped the list in terms of labor productivity growth rate during the period 2010-2018.

The Middle East and North Africa (MENA) region had the highest labor productivity growth rate during the period 2010-2018.

The top 20 countries in the world in terms of labor productivity growth rates include Arab economies.

Jordan ranked 116th out of 123 countries in terms of labor productivity growth rate during the period 2010-2018.

According to the Jordan Strategy Forum, which of the following contribute to improving labor productivity in Jordan? (Select all that apply)

Importance of Labor Productivity in Jordan

The Jordan Strategy Forum (JSF) is a not-for-profit organization representing Jordanian private sector companies.
JSF promotes Jordan's economic growth through dialogue on economic and social issues.
JSF aims for a profitable and employing private sector, contributing to Jordan's tax revenue and comprehensive economic growth
They offer a platform for evidence-based debate between the private and public sectors regarding Jordan's economy.
For details and updates, visit their website (jsf.org), Facebook page, or Twitter.

Main Economic Challenges

Real economic growth has been weak, averaging 2.3% in 2018, 2.5% in 2019, and 2.7% in 2020 (IMF forecasts).
Unemployment rates are high and rising, with an overall rate of 18.7% in the second quarter of 2018.
Unemployment is further stratified by age, gender, and education level, posing additional challenges.

Concept of Labor Productivity

Labor productivity measures the efficiency with which labor produces goods and services, calculated as output per worker.
Higher labor productivity leads to lower unit costs, improved competitiveness, higher profits, higher wages, and, ultimately, higher economic growth.

Labor Productivity in Jordan: Needs to be Done

Jordan's labor productivity is relatively low compared to other regions, particularly the Middle East and North Africa (MENA) region.
The study recommends various initiatives to boost Jordan's labor productivity, including employee engagement (training, empowerment), improved infrastructure, adoption of new technologies, foreign direct investment, higher education spending, and competition.

Explore the significance of labor productivity for Jordan's economic growth. This quiz delves into the challenges faced by the country, including unemployment rates and economic growth statistics, while highlighting the role of the Jordan Strategy Forum in promoting effective discussions on these issues.