Current Account in Tunisia
Tunisia - Current AccountThe economy appears to have remained on a weak footing in the first quarter of 2019, after growth decelerated in Q4 2018 due to a downturn in the industrial sector. Indeed, January and February data shows industrial production continued to decline, boding ill for economic momentum. Moreover, exports and imports both contracted throughout the quarter, while foreign exchange reserves—already critically low in previous months—continued to deplete. However, on 17 April, the IMF reached a staff-level agreement on the fifth review of Tunisia’s loan program, which could provide a desperately-needed cash injection to the country. Meanwhile, ongoing protests forced the government to raise pensions and the minimum wage on 1 May, which will likely exacerbate the fiscal deficit.
Tunisia - Current Account Data
|Current Account (% of GDP)||-8.4||-9.1||-8.9||-8.8||-10.4|
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||7.16||0.0 %||Dec 15|
|Exchange Rate||2.98||-0.27 %||May 13|
|Stock Market||0.1||0.05 %||May 13|
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