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.