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

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.

Free Trial

The damage to Tunisia’s economy from the Covid-19 pandemic continues to worsen. A revised budget for 2020 has seen the extent of the fiscal deficit widen to 10.5% of GDP from 3.1% of GDP in 2019, and up from our September forecast for a shortfall of 8.1% in 2020. The expansion of the deficit has been primarily attributed to a collapse in tax revenues. With rating agencies placing Tunisian sovereign debt on a negative outlook, 2021 will demand a balancing act by the government. (Source: Tunisia Quarterly Update, published December 2020)

Macroeconomic Data

(2019)

Fiscal Balance (as a % of GDP)

-3.1

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

6.7

Current Account Balance (as a % of GDP)

-8.5

Real GDP (annual % change)

1.0

GDP per Capita, US$

3,318.8

Import Cover (months)

3.9

Population, million

11.7

Total External Debt (as a % of GDP)

97.3

Related Services

In-Depth Analysis
Detailed Country Reports for 54 African countries with analysis and forecasts through 2050.
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
    • Careers
    • 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.