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, olives, tomatoes, wheat, barley, watermelons, chilies/peppers, potatoes, dates, oranges (2022).
More about the economy of Tunisia
| Labor force | 4.445 million (2023 est.) |
|---|---|
| Industrial production growth rate | -1.5% (2023 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 | 24.7% (of GDP) (2017 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Tunisian dinars (TND) per US dollar - |
| 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.) |
| Exchange rates 2019 | 2.934 (2019 est.) |
| Debt - external | |
| Debt - external 2022 | $18.169 billion (2022 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $9.24 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $8.094 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $8.846 billion (2021 est.) |
| Current account balance | |
| Current account balance 2022 | -$4.018 billion (2022 est.) |
| Current account balance 2021 | -$2.79 billion (2021 est.) |
| Current account balance 2020 | -$2.524 billion (2020 est.) |
| Public debt | |
| Public debt 2017 | 70.3% of GDP (2017 est.) |
| Budget | |
| Revenues | $10.866 billion (2019 est.) |
| Expenditures | $12.375 billion (2019 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 5.56% of GDP (2023 est.) |
| Remittances 2022 | 6.3% of GDP (2022 est.) |
| Remittances 2021 | 6.34% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 3.1% (2021 est.) |
| Highest 10% | 27% (2021 est.) |
| Average household expenditures | |
| On food | 23.1% of household expenditures (2022 est.) |
| On alcohol and tobacco | 3.3% of household expenditures (2022 est.) |
| Imports | |
| Imports 2022 | $22.5 billion (2022 est.) |
| Imports 2021 | $18.198 billion (2021 est.) |
| Imports 2020 | $14.574 billion (2020 est.) |
| Imports (partners) | Italy 14%, France 14%, China 9%, Germany 7%, Turkey 6% (2022) |
| Comodities Imports force | refined petroleum, natural gas, plastic products, wheat, cars (2022) |
| Exports | |
| Imports 2022 | $22.5 billion (2022 est.) |
| Imports 2021 | $18.198 billion (2021 est.) |
| Imports 2020 | $14.574 billion (2020 est.) |
| Exports (partners) | France 22%, Italy 16%, Germany 14%, Spain 4%, Libya 4% (2022) |
| Comodities Exports force | garments, insulated wire, refined petroleum, crude petroleum, pure olive oil (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $153.637 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $152.988 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $149.106 billion (2021 est.) |
| GDP (official exchange rate) | $48.53 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $12,300 (2023 est.) |
| Real GDP per capita 2022 | $12,400 (2022 est.) |
| Real GDP per capita 2021 | $12,200 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 9.5% (2023 est.) |
| Industry | 23.5% (2023 est.) |
| Services | 62.1% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 78% (2023 est.) |
| Government consumption | 20.6% (2023 est.) |
| Investment in fixed capital | 16.9% (2023 est.) |
| Investment in inventories | -3.4% (2023 est.) |
| Exports of goods and services | 51.1% (2023 est.) |
| Imports of goods and services | -58.1% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 15.11% (2023 est.) |
| Unemployment rate 2022 | 15.3% (2022 est.) |
| Unemployment rate 2021 | 16.51% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 37.5% (2023 est.) |
| Male | 38.3% (2023 est.) |
| Female | 35.6% (2023 est.) |
All Important Facts about Tunisia
Want to know more about Tunisia? Check all different factbooks for Tunisia below.
