. Tunisia Inflation Rate at Over 3-Year Low of 5.4%, Tunisia GDP Posts Steepest Contraction on Record, Tunisia Keeps Key Interest Rate Steady at 6.75%, Tunisia Industrial Output Shrinks for 14th Month, Tunisia Producer inflation Inches Up to 6.8% in June, Moody’s Changes Tunisia’s Rating Outlook to Negative, Sensex Ends Above 40,000 for 1st Time Since February, Singapore Shares Close at Over 1-Month High, Malaysia Stocks Rally to Over 3-Week Highs, Greek Jobless Rate Drops from 15-Month High, Taiwan Wholesale Prices Fall the Least in 6 Months. This was driven by a slowdown in agriculture after growth of 9.5 percent in 2018, as well as a contraction in industry (such as oil and gas, and agrobusiness) was only partially compensated by growth in services. Online Store On a quarterly basis, the economy rose 0.2 percent compared to a 0.5 percent advance in the preceding quarter. The Trading Economics Application Programming Interface (API) provides direct access to our data. But this proved unsustainable and it collapsed to a cumulative 10% growth in the turbulent eighties (1980–1990: USD 1,369–1,507), rising again to almost 50% cumulative growth in the nineties (1990–2000: USD 1,507–2,245), signifying the impact of successful diversification.[20]. High unemployment, unfulfilled demands for social justice, rise in corruption, and an unsustainable macroeconomic trajectory, all threaten recent political gains. This will include a sharp recession, higher unemployment and fiscal and current-account deficits. About Growth picked up to 2.5 percent year-on-year (y-o-y) in 2018 from 2 percent in 2017, supported by agriculture, services (including tourism which witnessed a significant rebound), and electrical and mechanical industries. The year 2015 was marked by terrorist attacks in Tunisia which are likely to affect economic growth, especially in tourism, one of the main sectors. LinkedIn The economy of Tunisia is in the process of being liberalized after decades of heavy state direction and participation in the country's economy. Following a significant acceleration of inflation since 2017, and four Central Bank (BCT) policy rate increases which raised rates from 4.25 percent to 6.75 percent, inflation began to decelerate as of the second half of 2018, but remains above 7 percent. The economic growth rate seen for 2007, at 6.3% is the highest achieved in a decade. Economic Forecast Summary (June 2020) Access Projection Data and Analysis ; Reform Priorities (July 2019) Access Economic Policy Reforms: Going for Growth, Report; 28 March 2018 - Economic Survey of Tunisia. For 2007, foreign direct investment totaled TN Dinar 2 billion in 2007, or 5.18% of the total volume of investment in the country. In October 2011, the country held elections to designate the constituent assembly responsible for drafting a new constitution. The ceremony took place at the World Bank immediately following the meeting of Finance Ministers of the Deauville Partnership with Arab Countries in Transition. 5 years of Tunisia economic forecasts for more than 30 economic indicators. See all. The industrial sector represents 26 percent of the wealth, including manufacturing (16 percent), construction (4 percent) and oil and natural gas extraction (3 percent). The return to growth in 2021 may be swift but will do little to ease Africa's severe food insecurity. In 2019, the economy advanced 1 percent, far below a 2.7 percent growth in the previous year. My Cart To learn more about cookies, click here. Download historical data for 20 million indicators using your browser. Twitter It was the slowest economic expansion since the first quarter of 2016, hampered by declines in manufacturing (-1.6 percent vs -0.8 percent in Q2) and services (-2.4 percent vs -2.6 percent). | Tunisia Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Industrial Production (annual variation in %), Inflation Rate (CPI, annual variation in %, eop), Inflation Rate (CPI, annual variation in %). Tunisia's economy shrank 1.7 percent from a year earlier in the first quarter of 2020, following a downwardly revised 0.6 percent growth in the previous three-month period. Middle East weekly brief: hedging bets on US election, Africa weekly briefing: looming food crisis in Africa, Middle East weekly brief: post-Covid-19 supply chains, African Union calls for trade barrier removals, Tensions rise between Tunisian president and prime minister, Tunisia hit by second, worse wave of infections. IMF Resident Representative in Tunisia since January 2019. Tunisia's economic growth historically has depended on oil, phosphates, agri-food products, car parts manufacturing, and tourism.
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