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.