Current Account in Tunisia
Tunisia - Current AccountThe economy remained 4.6% below its pre-pandemic level at the end of 2021. In H1 2022, activity is likely deteriorating. The war in Ukraine has stoked food and energy prices. This is hitting private consumption plus the external and fiscal balances, with the trade deficit widening slightly in Q1. The government is unable to shield households’ purchasing power—unlike those of many neighboring countries—due to its precarious finances. Rays of hope came from pledges of significant financial assistance by the EU and World Bank in March. However, reaching an IMF deal will be likely necessary to avoid default. Such a deal poses a formidable challenge given that the main labor union continually blocks reforms that the IMF demands, Fitch Ratings recently downgraded the country’s sovereign debt ratings to junk, and the political system is increasingly divided and unstable.
Tunisia - Current Account Data
|Current Account (% of GDP)||-9.0||-8.6||-10.3||-11.2||-9.0|
5 years of economic forecasts for more than 30 economic indicators.
Tunisia Current Account Chart
Source: Central Bank of Tunisia and FocusEconomics calculations.
|Bond Yield||7.45||0.0 %||Sep 15|
|Exchange Rate||2.78||-0.27 %||Jan 01|
|Stock Market||0.2||0.05 %||Jan 07|
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