Tunisia's economy expanded 16.2% from a year earlier in the second quarter of 2021, following a revised 1.7% decline in the previous period. It was the first expansion in GDP after 5 consecutive quarters of contraction and the highest growth since at least 2001 mainly due to a base effect induced by the slowdown in activity in spring 2020 following the containment measures. Positive contributions came from hotels, cafes & restaurant services (104.7% vs -26.5% in Q1); information & communication (21.2% vs -2.1%); financial services (9.5% vs -2.6%); health services (17.3% vs -1.3%); mining (24.1% vs -33.5%); trade (18.6% vs -0.9%) and transport services (22.9% vs -12.8%). On the other hand, the agricultural sector fell further (-4.7% vs -6.9%) amid persistent drought conditions. On a quarterly basis, the GDP contracted 2.0%, after virtually stagnating at the start of 2021. source: National Institute of Statistics - Tunisia
GDP Annual Growth Rate in Tunisia averaged 2.64 percent from 2001 until 2021, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -21.30 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 September of 2021.
GDP Annual Growth Rate in Tunisia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2022 and 2.30 percent in 2023, according to our econometric models.