Tunisia Economy

Is Tunisia a wealthy country?

The economy of Tunisia is considered to be a diversified and competitive market economy, with a well-developed infrastructure, a skilled workforce, and a strategic location that connects Europe, Africa, and the Middle East.

The Tunisian economy is primarily driven by the service sector, which accounts for around 60% of the country's GDP. The main contributors to the service sector are tourism, information technology, and financial services. The country's tourism industry is one of the largest in Africa, and is a major source of foreign currency earnings. The sector has been affected by political instability and security concerns in recent years, but the government is implementing reforms to improve the sector's competitiveness.

The manufacturing sector is also an important contributor to the Tunisian economy, accounting for around 25% of GDP. The main industries in this sector are textiles, clothing, and footwear, which are major exports for the country. Other industries include electronics, automotive, and aerospace. The government has implemented policies to encourage investment in the manufacturing sector, including tax incentives and free trade zones.

Agriculture is an important sector in Tunisia, employing around a quarter of the population and contributing around 10% of GDP. The main crops grown in the country are olives, dates, and citrus fruits. The government has implemented policies to improve agricultural productivity and promote exports, including investment in irrigation systems and subsidies for farmers.

The government of Tunisia has implemented economic reforms in recent years to address high levels of public debt and low levels of economic growth. These reforms include fiscal consolidation, monetary policy adjustments, and structural reforms to improve the business environment and attract investment. The country has also entered into agreements with international financial institutions to support economic reforms and improve access to financing.

Despite these reforms, Tunisia still faces economic challenges, including high levels of unemployment, particularly among young people, and regional disparities in economic development. The government is implementing policies to address these challenges, including job creation programs and regional development initiatives.

Tunisia Economy Data

What is the GDP of Tunisia?

Currency Name and Code Tunisian Dinar (TND)
GDP - Gross Domestic Product (PPP) $114,970,000,000 (USD)
GDP - official exchange rate $44,270,000,000 (USD)
GDP - real growth rate 1%
GDP Per Capita $11,600.00 (USD)
GDP by Sector- agriculture 9.9%
GDP by Sector- Industry 29%
GDP by Sector- services 61.2%
GDP - composition, by end use household consumption: 69.2%

government consumption: 19.3%

investment in fixed capital: 18.7%

investment in inventories: 1.7%

exports of goods and services: 40.9%

imports of goods and services: -49.8%
Population Below Poverty Line 3.8%
Inflation Rate 4.5%
Labor Force 3,830,000
Labor Force By Occupation- agriculture 14.8%
Labor Force By Occupation- industry 33.2%
Labor Force By Occupation- services 51.7%
Unemployment Rate 14%
Fiscal Year calendar year
Annual Budget $9,806,000,000 (USD)
Budget Surplus or Deficit - percent of GDP -7.5%
Public Debt (% of GDP) 58.7%
Taxes and other revenues - percent of GDP 25.1%
Major Industries petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages
Industrial Growth Rate 1.6%
Agriculture Products olives, olive oil, grain, dairy products, tomatoes, citrus fruit, beef, sugar beets, dates, almonds
Exchange Rate per US Dollar Tunisian dinar (TND)
Commercial Bank Prime Lending Rate 7.31%

Labor Force by Occupation- As reported by Tunisia

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