Tunisia's economy shrank 6 percent from a year earlier in the second quarter of 2020, following a record 21.7 percent plunge in the previous three-month period, helped by some easing in coronavirus restrictions. Services contracted at a softer pace (-11.8 percent vs -30.4 percent in Q2), in particular hotels, cafes & restaurants (-33.6 percent vs -77.5 percent); transportation (-25.5 percent vs -51.4 percent) and internal trade (-2.5 percent vs -14.5 percent). Also, output fell less for manufacturing (-3.2 percent vs -27.4 percent); construction (-3.9 percent vs -42.5 percent) and mining (-5.8 percent vs -21.5 percent). Meantime, agricultural activity continued to grow modestly (3.6 percent, the same pace as in Q2). On a quarterly basis, the GDP expanded at a record 19.8 percent, after shrinking 20.4 percent in the previous period which was the sharpest contraction ever. source: National Institute of Statistics - Tunisia
GDP Annual Growth Rate in Tunisia averaged 2.65 percent from 2001 until 2020, reaching an all time high of 7.40 percent in the first quarter of 2004 and a record low of -21.60 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 November of 2020.
GDP Annual Growth Rate in Tunisia is expected to be -7.00 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 3.00 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.20 percent in 2022, according to our econometric models.