In-Depth Analysis
Tunisia
GDP growth has picked up gradually in line with a rebound in tourism revenues and the implementation of reforms that form part of an IMF support programme, but labour protests continue to present risks to the outlook as high unemployment, rising inflation and poor working conditions fuel social tensions and slow the pace of further reforms.
The economy continued its recovery last year, but growth looks set to slow slightly in 2019 as agricultural output declines following the strong performance the previous year. That said, economic activity will still be supported by robust tourism inflows, lower inflation and higher public wages boosting demand and lower oil prices mitigating the impact of subsidy reforms on the industrial sector. Slower growth in the EU, however, could adversely affect tourism revenues and demand for Tunisian exports. (Source: Tunisia Quarterly Update, published February 2019)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-4.8 |
|
Consumer Price Index (% change y-o-y, avg) |
7.4 |
|
Current Account Balance (as a % of GDP) |
-9.9 |
|
Real GDP (annual % change) |
2.6 |
|
GDP per Capita, US$ |
3,447.9 |
|
Import Cover (months) |
3.2 |
|
Population, million |
11.7 |
| Total External Debt (as a % of GDP) |
84.7 |