In-Depth Analysis
Tunisia
As a fairly developed country, Tunisia is exposed to the economic shocks relating to Covid-19, which has resulted in the worst recession since the country’s independence in 1956. Low inflation, countercyclical fiscal policies, robust international support and a stable exchange rate still provide support, while good institutions, deep ties with Europe, and a diversified economy are expected to underpin recovery.
After suffering the worst economic contraction on record in 2020, Tunisia requires urgent reforms to salvage fiscal sustainability and appease international bond markets and the IMF. Domestically, protestors have been demanding jobs and other economic opportunities, complicating attempts to rein in the government wage bill and triage non-performing state-owned enterprises. (Source: Tunisia Quarterly Update, published February 2021)
Macroeconomic Data
(2020)
|
Fiscal Balance (as a % of GDP) |
-10.5 |
|
Consumer Price Index (% change y-o-y, avg) |
5.6 |
|
Current Account Balance (as a % of GDP) |
-7.4 |
|
Real GDP (annual % change) |
-8.6 |
|
GDP per Capita, US$ |
3,308.0 |
|
Import Cover (months) |
5.6 |
|
Population, million |
11.8 |
| Total External Debt (as a % of GDP) |
105.7 |