This page has economic forecasts for Tunisia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Tunisia economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.60 0.5 0.8 0.8 0.8 0.8 percent
Unemployment Rate 15.40 15.2 15.6 15.5 15.5 15.3 percent
Inflation Rate 7.40 7.2 7 6.8 6.5 6 percent
Interest Rate 6.75 6.75 6.75 6.75 6.75 4.75 percent
Balance of Trade -1802.30 -1845 -1874 -1843 -1854 -1852 TNT Million
Government Debt to GDP 69.20 63 65 65 65 67 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Stock Market 7267.01
points
7742 7688 7635 7583 7376
Currency 2.93
2.86 2.89 2.92 2.95 3.07
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.60
percent
0.5 0.8 0.8 0.8 0.8
GDP Annual Growth Rate 2.80
percent
2 2.1 2 1.9 2.9
GDP 40.26
USD Billion
45 49 49 49 54
GDP Constant Prices 18065.30
TND Million
18257 18445 18427 18409 19219
Gross Fixed Capital Formation 17336.40
TND Million
17683 17700 17683 17666 18614
GDP per capita 4303.96
USD
4335 4169 4169 4357 4416
GDP per capita PPP 10849.30
USD
10926 11009 11009 10981 11130
GDP From Agriculture 1640.30
TND Million
1498 1675 1673 1671 1577
GDP From Construction 682.40
TND Million
725 697 696 695 763
GDP From Manufacturing 2721.20
TND Million
2698 2778 2776 2773 2840
GDP From Mining 61.70
TND Million
74.26 63 62.93 62.87 78.17
GDP From Services 13190.50
TND Million
13245 13468 13454 13441 13943
GDP From Transport 1350.60
TND Million
1367 1379 1378 1376 1439
GDP From Utilities 193.50
TND Million
194 198 197 197 204
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 15.40
percent
15.2 15.6 15.5 15.5 15.3
Employed Persons 3497.70
Thousand
3519 3530 3540 3551 3644
Population 11.44
Million
11.5 11.61 11.65 11.68 11.99
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 7.40
percent
7.2 7 6.8 6.5 6
Consumer Price Index CPI 151.90
Index Points
153 155 158 160 172
Producer Prices 139.00
Index Points
142 145 149 151 164
Food Inflation 6.30
percent
6 5.7 5.5 5.3 5.5
Producer Prices Change 7.90
percent
7.6 7.5 7.5 7.4 7.4
Inflation Rate Mom 1.10
percent
0.25 0.27 0.38 0.38 0.42
Import Prices 181.20
Index Points
184 184 184 184 184
Cpi Housing Utilities 145.40
Index Points
146 148 150 152 168
CPI Transportation 149.00
Index Points
142 148 150 158 160
Export Prices 180.50
Index Points
182 183 183 183 183
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 6.75
percent
6.75 6.75 6.75 6.75 4.75
Money Supply M1 31705.00
TND Thousand
32303 32915 33519 34120 39434
Money Supply M2 74012.00
TND Thousand
75474 76924 78375 79821 92607
Money Supply M3 77285.00
TND Thousand
78762 80219 81676 83128 95977
Central Bank Balance Sheet 28213.00
TNT Million
27686 27761 27738 27742 27742
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -1802.30
TNT Million
-1845 -1874 -1843 -1854 -1852
Exports 3753.10
TNT Million
3353 3384 3349 3358 3355
Imports 5555.50
TNT Million
5193 5258 5192 5212 5207
Current Account -2967.50
TND Million
-2693 -2707 -2845 -2622 -2778
Current Account to GDP -10.40
percent
-6.7 -6.4 -6.4 -6.4 -6
Capital Flows 2959.00
TND Million
1878 2078 2072 2340 2132
Tourist Arrivals 4201.80
Thousand
5000 5075 5150 5225 4900
Gold Reserves 6.80
Tonnes
6.79 6.79 6.79 6.79 6.79
Terms Of Trade 99.60
Index Points
102 102 102 102 102
Terrorism Index 4.62
4.62 4.62 4.62 4.62 4.62
Crude Oil Production 39.00
BBL/D/1K
38.43 38.41 38.4 38.4 38.4
Foreign Direct Investment 513.60
TND Million
595 594 596 602 606
External Debt 86894.50
TNT Million
91929 94409 96864 99294 120100
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 69.20
percent
63 65 65 65 67
Government Budget -5.30
percent of GDP
-4.9 -4.3 -4.3 -4.3 -3.9
Government Spending 18400.50
TND Million
18769 18787 18769 18750 19757
Military Expenditure 899.30
USD Million
835 823 812 800 779
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -0.60
percent
0.53 0.36 0.34 0.37 0.36
Manufacturing Production -4.40
percent
-1.86 -1.9 -1.92 -1.91 -1.91
Changes in Inventories -775.30
TND Million
984 850 716 582 339
Internet Speed 4447.51
KBps
4591 4529 4585 4535 4568
IP Addresses 2051866.00
IP
2011392 1980852 1948130 1958304 1956592
Mining Production -4.90
percent
9.81 12.08 12.3 12.48 12.55
Industrial Production Mom -9.80
percent
2.07 0.95 0.39 0.24 0.24
Competitiveness Index 55.60
Points
56.1 56.1 56.1 56.1 58.6
Competitiveness Rank 87.00
87 87 87 87 87
Corruption Index 42.00
Points
42 42 42 42 42
Corruption Rank 74.00
74 74 74 74 74
Ease of Doing Business 80.00
75 80 83 86 77
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 64484.60
TND Million
65774 65839 65774 65710 69238
Personal Savings 1283.00
TND THO
1285 1286 1287 1287 1294
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 18.00
percent
18 18 18 18 18
Social Security Rate 25.75
percent
25.75 25.75 25.75 25.75 25.75
Social Security Rate For Companies 16.57
percent
16.57 16.57 16.57 16.57 16.57
Social Security Rate For Employees 9.18
percent
9.18 9.18 9.18 9.18 9.18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 4.77
mm
32.6 31.6 22.82 22.82 22.56
Temperature 12.29
celsius
16.18 12.54 27.04 23.19 20.46



Tunisia - Economic Forecasts - 2018-2020 Outlook