Home
Request Trial
Request TrialSign In
  • Sign In
  • Forecasts And Analysis
  • Consulting
  • About Us
  • Contact
  • Countries
    • Africa
      • Algeria
      • Angola
      • Botswana
      • Cameroon
      • Côte d'Ivoire
      • Democratic Republic of Congo
      • Egypt
      • Ethiopia
      • eSwatini
      • Gabon
      • Ghana
      • Kenya
      • Lesotho
      • Libya
      • Malawi
      • Mauritius
      • Morocco
      • Mozambique
      • Namibia
      • Nigeria
      • Rwanda
      • Senegal
      • South Africa
      • Sudan
      • Tanzania
      • Tunisia
      • Uganda
      • Zambia
      • Zimbabwe

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.

Free Trial

Real GDP growth ticked slightly higher from 1.1% y-o-y in 2019 Q1 to 1.2% y-o-y in 2019 Q2, due to marginal gains in the agricultural and services sectors. Manufacturing and industry remain weak as external headwinds, relating to the US-China trade war, continue to suppress global economic growth, battering local industry and demand for manufactured goods. Overall, economic growth is forecast to decline from 2.5% in 2018 to 1.3% in 2019. Following Tunisia’s elections, no party came close to winning a majority in Parliament. The presidential election delivered the victory to Kaïs Saïed, an austere and anti-establishment figure. (Source: Tunisia Quarterly Update, published November 2019)

Macroeconomic Data

(2018)

Fiscal Balance (as a % of GDP)

-4.4

Consumer Price Index (% change y-o-y, avg)

7.3

Current Account Balance (as a % of GDP)

-11.1

Real GDP (annual % change)

2.5

GDP per Capita, US$

3,447.6

Import Cover (months)

2.7

Population, million

11.6

Total External Debt (as a % of GDP)

87.0

Related Services

In-Depth Analysis

Quarterly reports for the largest 29 African economies, with in-depth annual profiles.

Event-Driven Analysis

Rapid response analysis to the latest African economic and political events as they occur.

Fixed Income

Insight into key economic and political events which could influence trading in African debt markets, with notification of upcoming events.

  • NKC African Economics
    • About us
    • Forecasts and analysis
    • Consulting
    • Contact us
  • Get in touch
    • Cecilia Square
    • Building B, 2nd Floor
    • 100 Cecilia Street
    • Paarl
    • 7646 South Africa
    • Tel: +27(0)21 863-6200
    • Email
  • Help and software
    • Help using our services
    • Software and downloads
    • Latest technology developments
  • Privacy
    • Privacy policy
    • Cookies
  • Follow Us
    • LinkedIn
    • Twitter
    • Facebook
© Oxford Economics 2019 - all rights reserved.