Current Account in Tunisia
Tunisia - Current AccountEconomic growth dropped markedly in Q3. A wave of Covid-19 infections early in the quarter forced a reintroduction of quarantine measures for visitors, driving a sharp contraction in the hospitality industry. Moreover, July’s coup introduced considerable uncertainty, which led Fitch Ratings to downgrade the country’s credit rating and likely had a cooling effect on demand. Turning to Q4, an accelerating vaccination campaign has caused a tumble in Covid-19 cases, permitting a loosening of restrictions in September and October, which should be boosting activity. In politics, the government recently requested a USD 4 billion loan from the IMF, with local press also suggesting financial aid from Saudi Arabia and Libya, which would provide further respite. That said, strong opposition from the influential UGTT labor union is likely to make progress on a final IMF deal difficult.
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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