Tunisia's economy shrank 3 percent from a year earlier in the first quarter of 2021, following a 6.1 percent decline in the previous period. It was the fifth consecutive quarter of declines in economic activity, mainly due to the lingering adverse impact of the Covid-19 on the country's key tourism sector (-30.4 percent vs -49.1 percent in Q4). Other significant declines were recorded in mining (-31.9 percent vs -34 percent); transport services (-13.2 percent vs -23 percent); agriculture & fishing (-6.7 percent vs 4.5 percent) and financial services (-2.7 percent vs 4.2 percent). Meanwhile, the manufacturing sector contracted much less (-0.3 percent vs -4.5 percent). At the same time, activity rebounded strongly in oil & gas extraction (23.1 percent vs -0.3 percent) and construction (10.4 percent vs -1.3 percent). On a quarterly basis, the GDP rose 0.1 percent, following a 0.3 percent decrease in the previous quarter. source: National Institute of Statistics - Tunisia

GDP Annual Growth Rate in Tunisia averaged 2.47 percent from 2001 until 2021, reaching an all time high of 7.40 percent in the first quarter of 2004 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 August of 2021.

GDP Annual Growth Rate in Tunisia is expected to be 14.40 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 1.70 in 12 months time. 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.

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Tunisia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -6.10 7.40 -21.30 2001 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-17 12:30 PM Q2 -21.6% -2.2% -17.5%
2020-11-16 02:30 PM Q3 -6% -21.7% -6.8%
2021-02-15 02:00 PM Q4 -6.1% -5.7% -4%
2021-05-17 10:30 AM Q1 -3% -6.1% -2.3%
2021-08-17 12:30 PM Q2 -3% 14.4%
2021-11-16 02:30 PM Q3 5%


News Stream
Tunisia GDP Keeps Falling in Q1
Tunisia's economy shrank 3 percent from a year earlier in the first quarter of 2021, following a 6.1 percent decline in the previous period. It was the fifth consecutive quarter of declines in economic activity, mainly due to the lingering adverse impact of the Covid-19 on the country's key tourism sector (-30.4 percent vs -49.1 percent in Q4). Other significant declines were recorded in mining (-31.9 percent vs -34 percent); transport services (-13.2 percent vs -23 percent); agriculture & fishing (-6.7 percent vs 4.5 percent) and financial services (-2.7 percent vs 4.2 percent). Meanwhile, the manufacturing sector contracted much less (-0.3 percent vs -4.5 percent). At the same time, activity rebounded strongly in oil & gas extraction (23.1 percent vs -0.3 percent) and construction (10.4 percent vs -1.3 percent). On a quarterly basis, the GDP rose 0.1 percent, following a 0.3 percent decrease in the previous quarter.
2021-05-17
Tunisia Economy Remains in Recession
Tunisia's economy shrank 6.1 percent from a year earlier in the fourth quarter of 2020, following a downwardly revised 5.7 percent contraction in the previous three-month period. It was the fourth consecutive quarter of declines in economic activity amid the adverse effects of a prolonged pandemic. The key tourism sector was the most affected as reflected in hotels & restaurants (-43.6 percent vs -49.1 percent in Q3), followed by transportation services (-28 percent vs -23 percent); maintenance & repair (-12.5 percent vs -1.4 percent); construction (-14.1 percent vs -1.3 percent) and manufacturing (-9.3 percent vs -4.5 percent). On a quarterly basis, the GDP decreased 0.3 percent, following a downwardly revised 19.7 percent jump in the previous period. In 2020, the Tunisian economy plunged 8.8 percent, after expanding 0.9 percent a year earlier.
2021-02-15
Tunisia GDP Contracts Less in Q3
Tunisia's economy shrank 6 percent from a year earlier in the third 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.
2020-11-16
Tunisia GDP Posts Steepest Contraction on Record
Tunisia's economy crashed 21.6 percent from a year earlier in the second quarter of 2020, following an upwardly revised 2.2 percent decline in the previous three-month period. It was the sharpest economic contraction since available records began in 2001, due to the pandemic crisis and restrictive measures to fight it. The services sector was the most affected (-30.4 percent vs -3.4 percent in Q1), as mobility restrictions and border closures severely hit hotels, cafes & restaurants (-77.5 percent) and transport services (-51.4 percent). On a quarterly basis, the GDP shrank 20.4 percent, after an upwardly revised 2.5 percent slump in the previous period, the steepest decline on record.
2020-08-17

Tunisia GDP Annual Growth Rate
The services sector is the biggest sector of Tunisia's economy, accounting for 64 percent of GDP, namely government services (21 percent), internal trade (10 percent), transport (7 percent) and financial services (25 percent). The industrial sector represents 26 percent of the wealth, including manufacturing (16 percent), construction (4 percent) and oil and natural gas extraction (3 percent). The primary sector accounts for 10 percent of GDP, mainly due to production of olives, wheat, barley, tomatoes, citrus, sugar beets, dates, and almonds. .