Tunisia's economy shrank 1.7 percent from a year earlier in the first quarter of 2020, following a downwardly revised 0.6 percent growth in the previous three-month period. That was the steepest period of contraction since the third quarter of 2011, as the coronavirus pandemic hit hard the country's tourism sector, which contributes nearly 10% of GDP and is a key source of foreign currency. On a quarterly basis, the GDP slumped 2.0 percent in the January to March period, the steepest decline in a decade.
GDP Annual Growth Rate in Tunisia averaged 3.07 percent from 2001 until 2020, reaching an all time high of 7.40 percent in the first quarter of 2004 and a record low of -2.20 percent in the third quarter of 2011. This page provides - Tunisia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tunisia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
GDP Annual Growth Rate in Tunisia is expected to be -15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Tunisia to stand at 1.30 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 3.50 percent in 2021 and 3.70 percent in 2022, according to our econometric models.