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.
GDP Annual Growth Rate in Tunisia averaged 3.15 percent from 2001 until 2019, 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.
GDP Annual Growth Rate in Tunisia is expected to be 1.40 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 2.40 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 2.60 percent in 2022, according to our econometric models.