Economy of Tunisia

Economy - overview
Tunisia has a diverse, market-oriented economy, with important agricultural, mining, tourism, and manufacturing sectors but faces an array of challenges. Following an ill-fated experiment with socialist economic policies in the 1960s, Tunisia successfully focused on bolstering exports, foreign investment, and tourism. Key exports now include textiles and apparel, food products, petroleum products, chemicals, and phosphates, with about 80% going to the European Union. Tunisia achieved four decades of 4-5% annual GDP growth. As the presidency wore on, cronyism and corruption under former President Zine el Abidine BEN ALI (1987-2011) stymied economic performance and unemployment rose among the university's graduates. In January 2011 BEN ALI was overthrown, sending Tunisia's economy into a tailspin. The country's newly elected government faces immediate challenges stabilizing the economy. It must reassure businesses and investors, bring budget and current account deficits under control, shore up the country's financial system, bring down high unemployment, and reduce economic disparities between the more developed coastal region and impoverished interior.
GDP (purchasing power parity)
$102.3 billion (2011 est.)
$100.1 billion (2009 est.)
data are in 2011 US dollars
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GDP (official exchange rate)
$46.36 billion (2011 est.)
GDP - real growth rate
-0.8% (2011 est.)
3.1% (2009 est.)
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GDP - per capita (PPP)
$9,600 (2011 est.)
$9,600 (2009 est.)
data are in 2011 US dollars
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GDP - composition by sector
agriculture:
10.6%
industry:
34.6%
services:
54.8% (2010 est.)
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Labor force
3.904 million (2011 est.)
rank:
90
Labor force - by occupation
agriculture:
18.3%
industry:
31.9%
services:
49.8% (2009 est.)
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Unemployment rate
18% (2011 est.)
13% (2010 est.)
Population below poverty line
3.8% (2005 est.)
Household income or consumption by percentage share
lowest 10%:
2.3%
highest 10%:
31.5% (2000)
Distribution of family income - Gini index
40 (2005 est.)
41.7 (1995 est.)
Investment (gross fixed)
25.2% of GDP (2011 est.)
rank:
41
Budget
revenues:
$10.15 billion
expenditures:
$12.84 billion (2011 est.)
Taxes and other revenues
21.9% of GDP (2011 est.)
rank:
146
Budget surplus (+) or deficit (-)
-5.8% of GDP (2011 est.)
rank:
172
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Public debt
49% of GDP (2011 est.)
42.5% of GDP (2010 est.)
Inflation rate (consumer prices)
3.5% (2011 est.)
4.4% (2010 est.)
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Central bank discount rate
NA% (31 December 2009 est.)
Commercial bank prime lending rate
7.31% (31 December 2010 est.)
7.305% (31 December 2010 est.)
Stock of narrow money
$13.16 billion (31 December 2011 est.)
$11.44 billion (31 December 2010 est.)
Stock of broad money
$29.5 billion (31 December 2011 est.)
$28.11 billion (31 December 2010 est.)
Stock of domestic credit
$34.43 billion (31 December 2011 est.)
$31.03 billion (31 December 2010 est.)
Market value of publicly traded shares
$9.662 billion (31 December 2011)
$9.12 billion (31 December 2009)
Agriculture - products
olives, olive oil, grain, tomatoes, citrus fruit, sugar beets, dates, almonds; beef, dairy products
Industries
petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages
Industrial production growth rate
-6.4% (2011 est.)
rank:
163
Electricity - production
14.4 billion kWh (2008 est.)
rank:
84
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Electricity - consumption
12.49 billion kWh (2008 est.)
rank:
82
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Electricity - exports
129 million kWh (2008 est.)
Electricity - imports
7 million kWh (2008 est.)
Oil - production
83,720 bbl/day (2010 est.)
rank:
54
Oil - consumption
84,000 bbl/day (2010 est.)
rank:
82
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Oil - exports
91,200 bbl/day (2009 est.)
rank:
64
Oil - imports
78,460 bbl/day (2009 est.)
rank:
74
Oil - proved reserves
425 million bbl (1 January 2011 est.)
rank:
53
Natural gas - production
3.6 billion cu m (2009 est.)
rank:
51
Natural gas - consumption
4.85 billion cu m (2009 est.)
rank:
61
Natural gas - exports
0 cu m (2009 est.)
rank:
197
Natural gas - imports
1.25 billion cu m (2009 est.)
rank:
56
Natural gas - proved reserves
65.13 billion cu m (1 January 2011 est.)
rank:
61
Current account balance
-$3.161 billion (2011 est.)
-$2.104 billion (2010 est.)
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Exports
$17.73 billion (2011 est.)
$16.43 billion (2010 est.)
Exports - commodities
clothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons, electrical equipment
Exports - partners
France 29.4%, Italy 19.2%, Germany 10.3%, Libya 6.6% (2009 est.)
Imports
$23.62 billion (2011 est.)
$21.01 billion (2010 est.)
Imports - commodities
textiles, machinery and equipment, hydrocarbons, chemicals, foodstuffs
Imports - partners
France 21%, Italy 17.5%, Germany 8.8%, Spain 4.9%, China 4.7%, Russia 4.5% (2009 est.)
Reserves of foreign exchange and gold
$7.372 billion (31 December 2011 est.)
$9.462 billion (31 December 2010 est.)
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Debt - external
$23.21 billion (31 December 2011 est.)
$21.58 billion (31 December 2010 est.)
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Stock of direct foreign investment - at home
$32.26 billion (31 December 2011 est.)
$31.41 billion (31 December 2010 est.)
Stock of direct foreign investment - abroad
$310 million (31 December 2011 est.)
$285 million (31 December 2010 est.)
Exchange rates
1.2776 (2007)
Fiscal year
calendar year
Data source 1: All Above textual data, maps and flags were extracted from The World Factbook which was prepared by the Central Intelligence Agency and made available on the following link: The World Factbook. Lebanese Economy Forum is not sponsered or affiliated, in any way, by the US Central Intelligence Agency
Data source 2: Plots and Charts are constructed using the world bank public data catalog which can be viewed by visiting the following link: World Bank Data Catalog. Lebanese Economy Forum is not sponsored or affiliated, in any way, by the worldbank

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