Tunisia's economy crashed 21.6 percent from a year earlier in the second quarter of 2020, following an upwardly revised 2.2 percent decline in the previous three-month period. It was the sharpest economic contraction since available records began in 2001, due to the pandemic crisis and restrictive measures to fight it. The services sector was the most affected (-30.4 percent vs -3.4 percent in Q1), as mobility restrictions and border closures severely hit hotels, cafes & restaurants (-77.5 percent) and transport services (-51.4 percent). On a quarterly basis, the GDP shrank 20.4 percent, after an upwardly revised 2.5 percent slump in the previous period, the steepest decline on record.

GDP Annual Growth Rate in Tunisia averaged 2.76 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 -21.60 percent in the second quarter of 2020. 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 October of 2020.

GDP Annual Growth Rate in Tunisia is expected to be -7.00 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 3.00 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.20 percent in 2022, according to our econometric models.

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Tunisia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-21.60 -1.70 7.40 -21.60 2001 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-15 01:15 PM Q3 1.0% 1.2% 1.4%
2020-02-17 10:30 AM Q4 0.8% 1.0% 1.7%
2020-05-22 12:10 PM Q1 -1.7% 0.6% -3%
2020-08-17 12:30 PM Q2 -21.6% -2.2% -17.5%
2020-11-16 04:00 PM Q3 -6.8%


News Stream
Tunisia GDP Posts Steepest Contraction on Record
Tunisia's economy crashed 21.6 percent from a year earlier in the second quarter of 2020, following an upwardly revised 2.2 percent decline in the previous three-month period. It was the sharpest economic contraction since available records began in 2001, due to the pandemic crisis and restrictive measures to fight it. The services sector was the most affected (-30.4 percent vs -3.4 percent in Q1), as mobility restrictions and border closures severely hit hotels, cafes & restaurants (-77.5 percent) and transport services (-51.4 percent). On a quarterly basis, the GDP shrank 20.4 percent, after an upwardly revised 2.5 percent slump in the previous period, the steepest decline on record.
2020-08-17
Tunisia GDP Contracts the Most in a Decade
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.
2020-05-22
Tunisia Economy Grows the Least in Almost 4 Years
Tunisia's GDP annual growth slowed to 0.8 percent in the fourth quarter of 2019 from 1 percent in the previous period. It was the weakest expansion since the first quarter of 2016, as output shrank in agriculture & fisheries (-1.9 percent vs 3.1 percent in Q3 2019). Also, manufacturing activity decreased (-0.1 percent vs -1.3 percent), namely textiles, clothing (-6.2 percent vs -3.7 percent); oil refining (-52.6 percent vs -72.8 percent); and chemicals (-1 percent vs 4.2 percent). Meanwhile, strong growth was recorded in mining (44 percent, after stalling in Q3). At the same time, services expanded 1.8 percent, the same pace as in the prior period. On a quarterly basis, the gross domestic product went up 0.1 percent, after showing no growth in the preceding quarter. In 2019, the economy advanced 1 percent, far below a 2.7 percent growth in the previous year.
2020-02-17
Tunisia Economy Grows the Least in Over 3 Years
The gross domestic product of Tunisia advanced 1.0 percent year-on-year in the third quarter of 2019, slightly below a 1.2 percent growth in the previous period. It was the slowest economic expansion since the first quarter of 2016, hampered by declines in manufacturing (-1.6 percent vs -0.8 percent in Q2) and services (-2.4 percent vs -2.6 percent). In contrast, agriculture & fisheries grew much faster (3.1 percent vs 2.8 percent), amid improved weather conditions. On a quarterly basis, the economy rose 0.2 percent compared to a 0.5 percent advance in the preceding quarter.
2019-11-15

Tunisia GDP Annual Growth Rate
The services sector is the biggest sector of Tunisia's economy, accounting for 64 percent of GDP, namely government services (21 percent), internal trade (10 percent), transport (7 percent) and financial services (25 percent). The industrial sector represents 26 percent of the wealth, including manufacturing (16 percent), construction (4 percent) and oil and natural gas extraction (3 percent). The primary sector accounts for 10 percent of GDP, mainly due to production of olives, wheat, barley, tomatoes, citrus, sugar beets, dates, and almonds. .