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.
Real GDP growth remained sluggish during the first semester, rising slightly from 1.1% y-o-y in Q1 to 1.2% y-o-y in Q2. Agriculture remains in the midst of a natural downward cycle, but a strong cereal harvest should provide support during H2. Industry, meanwhile, continues to struggle for traction, with labour unrest and weaker demand from the EU weighing on activity. The services sector still represents the main growth driver, with lower inflation and robust tourism inflows set to support output growth moving forward. (Source: Tunisia Annual Country Profile, published August 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$ |
3,447.2 |
|
Import Cover (months) |
2.7 |
|
Population, million |
11.6 |
| Total External Debt (as a % of GDP) |
85.3 |