Tunisia - Economy
How is the economy of Tunisia? Based on the information we have, Tunisia has a lower middle-income North African economy; drafting reforms for foreign lenders; high unemployment, especially for youth and women; hit hard by COVID-19; high public sector wages; high public debt; protectionist austerity measures; key EU trade partner. Key agricultural products in this country include: milk, tomatoes, olives, onions, chillies/peppers, watermelons, potatoes, wheat, dates, oranges (2023).
More about the economy of Tunisia
| Labor force | 4.247 million (2024 est.) |
|---|---|
| Industrial production growth rate | -2.5% (2024 est.) |
| Industries | petroleum, mining (particularly phosphate, iron ore), tourism, textiles, footwear, agribusiness, beverages |
| Population below poverty line | 16.6% (2021 est.) |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Tunisian dinars (TND) per US dollar - |
| Exchange rates 2024 | 3.107 (2024 est.) |
| Exchange rates 2023 | 3.106 (2023 est.) |
| Exchange rates 2022 | 3.104 (2022 est.) |
| Exchange rates 2021 | 2.794 (2021 est.) |
| Exchange rates 2020 | 2.812 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $21.212 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $9.344 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $9.24 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $8.094 billion (2022 est.) |
| Current account balance | |
| Current account balance 2023 | -$1.111 billion (2023 est.) |
| Current account balance 2022 | -$3.969 billion (2022 est.) |
| Current account balance 2021 | -$2.77 billion (2021 est.) |
| Public debt | |
| Public debt 2016 | 62.3% of GDP (2016 est.) |
| Budget | |
| Revenues | $10.866 billion (2019 est.) |
| Expenditures | $12.375 billion (2019 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 6% of GDP (2023 est.) |
| Remittances 2022 | 6.2% of GDP (2022 est.) |
| Remittances 2021 | 6.3% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 3.1% (2021 est.) |
| Highest 10% | 27% (2021 est.) |
| Average household expenditures | |
| On food | 22.3% of household expenditures (2023 est.) |
| On alcohol and tobacco | 3.3% of household expenditures (2023 est.) |
| Imports | |
| Imports 2023 | $21.953 billion (2023 est.) |
| Imports 2022 | $22.453 billion (2022 est.) |
| Imports 2021 | $18.178 billion (2021 est.) |
| Imports (partners) | Italy 13%, France 12%, China 10%, Russia 8%, Germany 7% (2023) |
| Comodities Imports force | refined petroleum, natural gas, plastic products, cars, plastics (2023) |
| Exports | |
| Imports 2023 | $21.953 billion (2023 est.) |
| Imports 2022 | $22.453 billion (2022 est.) |
| Imports 2021 | $18.178 billion (2021 est.) |
| Exports (partners) | France 22%, Italy 17%, Germany 13%, USA 4%, Libya 4% (2023) |
| Comodities Exports force | garments, insulated wire, olive oil, refined petroleum, crude petroleum (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $156.086 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $154.006 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $153.945 billion (2022 est.) |
| GDP (official exchange rate) | $53.41 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $12,700 (2024 est.) |
| Real GDP per capita 2023 | $12,600 (2023 est.) |
| Real GDP per capita 2022 | $12,700 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 9.3% (2023 est.) |
| Industry | 23.6% (2023 est.) |
| Services | 62.1% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 76.2% (2024 est.) |
| Government consumption | 18.6% (2024 est.) |
| Investment in fixed capital | 13.4% (2024 est.) |
| Investment in inventories | 0% (2024 est.) |
| Exports of goods and services | 48.4% (2024 est.) |
| Imports of goods and services | -56.6% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 16.3% (2024 est.) |
| Unemployment rate 2023 | 15.2% (2023 est.) |
| Unemployment rate 2022 | 15.3% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 40.1% (2024 est.) |
| Male | 41.1% (2024 est.) |
| Female | 37.6% (2024 est.) |
All Important Facts about Tunisia
Want to know more about Tunisia? Check all different factbooks for Tunisia below.
