Industry in Tunisia

Tunisia Industry | Economic News & Forecasts

Tunisia - Industry

The economy remained 4.6% below its pre-pandemic level at the end of 2021. In H1 2022, activity is likely deteriorating. The war in Ukraine has stoked food and energy prices. This is hitting private consumption plus the external and fiscal balances, with the trade deficit widening slightly in Q1. The government is unable to shield households’ purchasing power—unlike those of many neighboring countries—due to its precarious finances. Rays of hope came from pledges of significant financial assistance by the EU and World Bank in March. However, reaching an IMF deal will be likely necessary to avoid default. Such a deal poses a formidable challenge given that the main labor union continually blocks reforms that the IMF demands, Fitch Ratings recently downgraded the country’s sovereign debt ratings to junk, and the political system is increasingly divided and unstable.

Tunisia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-2.4  -0.5  -1.1  -0.6  -3.2  

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Tunisia Industry Chart

Tunisia Industry
Note: Annual variation of industrial production in %.
Source: National Institute of Statistics.

Tunisia Facts

Value Change Date
Bond Yield7.450.0 %Sep 15
Exchange Rate2.78-0.27 %Jan 01
Stock Market0.20.05 %Jan 07

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