Tunisia Economic Outlook
June 4, 2019The economy slowed to a three-year low in Q1, after logging an already subdued performance in Q4. The print was only supported by the service sector, thanks largely to strong tourist inflows. On the other hand, agricultural output contracted, owing to a high base effect following last year’s exceptional harvest. The industrial sector also slumped, held back by a further sharp contraction in oil and gas extraction and a decline in several key manufacturing sectors—primarily foodstuff, mechanical and electrical products, and textile. Lastly, the nominal merchandise trade deficit widened year-on-year in the first four months of the year despite a sharper contraction of imports than exports, further weighing on already strained foreign reserves.
Tunisia Economic GrowthGrowth will likely be meager this year, as efforts to resorb the country’s large current account and fiscal deficits and tame rampant inflation will weigh on activity. Low foreign reserves, high unemployment fueling political instability and unrest, and a slowdown in the Eurozone are the main downside risks to the outlook. Met the why particular panelists expect GDP growth of 2.2% in 2019, which is down 0.3 percentage points from last month’s forecast, and 2.6% in 2020.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.16||0.0 %||Dec 15|
|Exchange Rate||2.96||-0.27 %||Jun 13|
|Stock Market||0.1||0.05 %||Jun 13|
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