Current Account in Tunisia

Tunisia Current Account | Economic News & Forecasts

Tunisia - Current Account

Growth was lackluster at 1.2% in the second quarter according to recent data, weighed on by a further decline in industrial output. However, agriculture rebounded, while the services sector remained a key growth driver. Sluggish momentum translated into weak labor market dynamics, with the unemployment rate remaining slightly above 15% in the period. This comes after GDP growth fell to a multi-year low in Q1 on contractions in agriculture and industry. Turning to the third quarter, economic prospects remain uninspiring, as slow EU growth and domestic political uncertainty are likely hampering activity. On the political front, in mid-August the electoral commission announced the 26 candidates who will compete in the 15 September presidential elections. The outcome is uncertain, although the role of president is mainly limited to defense and foreign policy.

Tunisia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-8.4  -9.1  -8.9  -8.8  -10.2  

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Tunisia Current Account Chart

Tunisia Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Tunisia and FocusEconomics calculations.

Tunisia Facts

Bond Yield7.430.0 %Jun 15
Exchange Rate2.86-0.27 %Sep 04
Stock Market0.20.05 %Sep 04

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