In-Depth Analysis
Tunisia
Tunisia’s macroeconomic indicators have deteriorated steadily over the past few years as political turmoil has led to frequent labour action, as well as to a decline in tourism revenues and foreign direct investment.
Tunisia’s macroeconomic environment has improved slightly over the past quarter thanks to various fiscal reforms and improving economic growth prospects, helped by ongoing support from the IMF. Nonetheless, the country still faces significant risks including rising oil prices and social tensions, which may result in fiscal policy slippages. Politically, risks stem from the degradation of relations between political parties, tensions between secularists and Islamists over social issues, and the unending struggle between the government and organised labour. We maintain our overall risk rating unchanged at low to moderate with the trend negative. (Source: Tunisia Quarterly Update, published October 2018)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-4.9 |
|
Consumer Price Index (% change y-o-y, avg) |
7.5 |
|
Current Account Balance (as a % of GDP) |
-9.9 |
|
Real GDP (annual % change) |
2.6 |
|
GDP per Capita, US$ |
3,483 |
|
Import Cover (months) |
2.3 |
|
Population, million |
11.7 |
| Total External Debt (as a % of GDP) |
83.9 |