Tunisia

Tunisia Current Account Balance (% of GDP)

Current Account in Tunisia

After growing 2.4% in 2022, GDP expanded 2.1% year on year in Q1 2023. Domestic demand grew 1.8% (2022: +1.1% yoy), while net exports fell 2.8% (2022: -15.1%). Turning to Q2 2023, the economy may be deteriorating further, amid a months-long drought. The drought means this year’s wheat harvest is set to fall by two-thirds compared to last year, knocking agricultural output and sparking shortages of bread—a staple food in Tunisia. The shortages threaten to inflame inflation and social tensions ahead of the painful reforms the IMF says need to be implemented for it to approve a vital USD 1.9 billion rescue package. The President and the largest trade union have said they oppose the reforms, raising the risk of a balance of payment crisis ahead. More positively, in May, the World Bank said it would likely renew its aid program with Tunisia in June.

Tunisia Current Account Chart

This chart displays Current Account (% of GDP) for Tunisia from 2013 to 2022.

Tunisia Current Account Data

2017 2018 2019 2020 2021
Current Account Balance (% of GDP) -9.7 -10.4 -8.1 -6.0 -6.0

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest