Tunisia Economic Outlook
November 26, 2019Economic growth slowed to an over three-year low in the third quarter, according to recently released data, with annual growth clocking 1.0%. The reading was weighed on by a continued contraction in industrial output, including in the important textiles sector, while the agricultural and service sectors remained key sources of growth. On the political front, the country’s new president tasked self-described independent Habib Jemli with forming a government in mid-November. However, the fractured Parliament could make coalition building difficult, fanning political uncertainty in the near-term. If a government is formed, economic policy action will be high on its list of priorities, with a weak labor market–unemployment is entrenched at slightly above 15%–and high debt levels key causes of concern.
Tunisia Economic GrowthEconomic growth is set to pick up in 2020 due to a rebound in industrial production, stronger private consumption and improving investment levels. However, a weak fiscal position and various vulnerabilities—in the form of soft momentum in the EU, security threats and volatile oil prices—pose downside risks to the outlook. FocusEconomics panelists expect GDP growth of 2.1% in 2020, which is unchanged from last month’s forecast, and 2.5% in 2021.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.45||0.0 %||Sep 15|
|Exchange Rate||2.85||-0.27 %||Nov 21|
|Stock Market||0.2||0.05 %||Nov 21|
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