Tunisia Economic Outlook
March 5, 2019
The economy slowed in the last quarter of 2018 on a broad-based contraction in the industrial sector, owing to a sharp decline in oil production, as well as lower phosphate and manufacturing output. Service sector activity also softened slightly; agricultural sector growth, however, remained upbeat. On 7 February, after weeks of large-scale strikes, the government agreed to raise wages for 670,000 public workers. This directly contradicted the IMF’s recommendations, prompting the institution to indefinitely delay its planned visit to unlock a vital USD 225 million loan tranche.Tunisia Economic Growth
Tunisia’s prospects are riddled with challenges this year. The country’s main vulnerabilities—namely, large fiscal and current account deficits coupled with dangerously low foreign reserves—are notably compounded by political instability and unrest, fueled by high unemployment and inflation. FocusEconomics panelists expect GDP growth of 2.5% in 2019, which is unchanged from last month’s forecast, and 2.7% in 2020.Tunisia Economy Data
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Tunisia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.16 | 0.0 % | Dec 15 |
| Exchange Rate | 2.99 | -0.27 % | Mar 20 |
| Stock Market | 0.1 | 0.05 % | Mar 19 |
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