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. source: National Institute of Statistics - Tunisia
GDP Annual Growth Rate in Tunisia averaged 2.53 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 -21.70 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 May of 2021.
GDP Annual Growth Rate in Tunisia is expected to be 2.30 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 4.00 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 3.20 percent in 2023, according to our econometric models.