Trade Balance in Tunisia
Tunisia - Trade Balance
Although 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 - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -5.0 | -4.8 | -5.3 | -6.0 | -5.4 |
Tunisia Trade Balance Chart
Source: National Institute of Statistics and FocusEconomics calculations
Tunisia Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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