Current Account in Tunisia
Tunisia - Current AccountAlthough annual growth rose in Q1 thanks to a favorable base effect, quarter-on-quarter growth weakened slightly, largely due to reduced agricultural and service sector activity. The agricultural sector was negatively affected by general economic uncertainty, which led to a reduction in investment by farmers, while the service sector was hit by weak private consumption in the face of rising inflation. However, growth was supported by the industrial and public sectors. In Q2, the country remains on the precipice of a balance-of-payments and political crisis. International reserves have dwindled to fewer than four months import cover amid rising energy prices. An IMF deal is urgently required, but it is being blocked by the main trade union, which has called for a strike for 16 June to protest IMF demands for public spending cuts.
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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