Tunisia Economic Outlook
November 28, 2017Annual GDP growth came in at an over two-year high of 2.1% in Q3 (Q2: +1.7% year-on-year) following the industrial sector’s robust recovery. Industrial output bounced back in the quarter, led by manufacturing. That said, a significant jump in phosphate output did not offset the prolonged slump in hydrocarbon extraction, with non-manufacturing industry once again contracting in the quarter. Services continued to perform robustly in Q3, as tourism-oriented sectors benefited from a sizeable increase in overnight stays compared with a year ago. Agricultural output, however, slowed in the quarter. Looking ahead, prospects for Q4 appear bright with year-to-date exports through October recording steady growth.
Tunisia Economic Growth
November 28, 2017Ongoing recoveries in the manufacturing and extractive sectors are expected to firm up next year on stronger global demand. Moreover, favorable weather conditions are expected to brighten the outlook for the agricultural sector. On the downside, security concerns will weigh on tourism growth. FocusEconomics panelists expect GDP growth of 2.8% in 2018, unchanged from last month’s forecast, and 3.1% in 2019.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.97||0.0 %||Mar 15|
|Exchange Rate||2.52||-0.27 %||Dec 06|
|Stock Market||0.1||0.05 %||Dec 06|
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