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Tunisia Economy 2011
https://theodora.com/wfb2011/tunisia/tunisia_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

Economy - overview:
Tunisia has a diverse economy, with important agricultural, mining, tourism, and manufacturing sectors. Governmental control of economic affairs while still heavy has gradually lessened over the past decade with increasing privatization, simplification of the tax structure, and a prudent approach to debt. Progressive social policies also have helped raise living conditions in Tunisia relative to the region. Real growth, which averaged almost 5% over the past decade, declined to 4.6% in 2008 and to 3-4% in 2009-10 because of economic contraction and slowing of import demand in Europe - Tunisia's largest export market. However, development of non-textile manufacturing, a recovery in agricultural production, and strong growth in the services sector somewhat mitigated the economic effect of slowing exports. Tunisia will need to reach even higher growth levels to create sufficient employment opportunities for an already large number of unemployed as well as the growing population of university graduates. The challenges ahead include: privatizing industry, liberalizing the investment code to increase foreign investment, improving government efficiency, reducing the trade deficit, and reducing socioeconomic disparities in the impoverished south and west.

GDP (purchasing power parity):
$100.3 billion (2010 est.)
country comparison to the world: 70

$97.03 billion (2009 est.)
$94.22 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$43.86 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.4% (2010 est.)
country comparison to the world: 104

3% (2009 est.)
4.6% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$9,500 (2010 est.)
country comparison to the world: 114

$9,300 (2009 est.)
$9,100 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 10.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 34.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.8% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
3.83 million (2009 est.)
country comparison to the world: 90
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 18.3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 31.9%
[see also: Labor force - by occupation - industry country ranks ]
services: 49.8% (2009 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
14% (2010 est.)
country comparison to the world: 143

13.3% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
3.8% (2005 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 31.5% (2000)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
40 (2005 est.)
country comparison to the world: 62

41.7 (1995 est.)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
26.1% of GDP (2009 est.)
country comparison to the world: 38
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $9.806 billion
[see also: Budget - revenues country ranks ]
expenditures: $11.76 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
49.5% of GDP (2010 est.)
country comparison to the world: 53

47.1% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.5% (2010 est.)
country comparison to the world: 132

3.5% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA% (31 December 2009)

NA% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA%
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$11.49 billion (31 December 2010 est)

$11.02 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$29.39 billion (31 December 2010 est.)

$26.88 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$31.1 billion (31 December 2010 est.)
country comparison to the world: 68

$28.45 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$9.12 billion (31 December 2009)
country comparison to the world: 77

$6.374 billion (31 December 2008)
$5.355 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
olives, olive oil, grain, tomatoes, citrus fruit, sugar beets, dates, almonds; beef, dairy products

Industries:
petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages

Industrial production growth rate:
1.6% (2009 est.)
country comparison to the world: 137
[see also: Industrial production growth rate country ranks ]

Electricity - production:
11.08 billion kWh (2008 est.)
country comparison to the world: 89
[see also: Electricity - production country ranks ]

Electricity - consumption:
11.8 billion kWh (2008 est.)
country comparison to the world: 81
[see also: Electricity - consumption country ranks ]

Electricity - exports:
130 million kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
145 million kWh (2007 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
91,380 bbl/day (2009 est.)
country comparison to the world: 54
[see also: Oil - production country ranks ]

Oil - consumption:
89,000 bbl/day (2009 est.)
country comparison to the world: 81
[see also: Oil - consumption country ranks ]

Oil - exports:
77,130 bbl/day (2007 est.)
country comparison to the world: 70
[see also: Oil - exports country ranks ]

Oil - imports:
87,300 bbl/day (2007 est.)
country comparison to the world: 69
[see also: Oil - imports country ranks ]

Oil - proved reserves:
425 million bbl (1 January 2010 est.)
country comparison to the world: 51
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
2.97 billion cu m (2008 est.)
country comparison to the world: 54
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
4.22 billion cu m (2008 est.)
country comparison to the world: 64
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 107
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
1.25 billion cu m (2008 est.)
country comparison to the world: 52
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
65.13 billion cu m (1 January 2010 est.)
country comparison to the world: 59
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.389 billion (2010 est.)
country comparison to the world: 146

-$1.234 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$16.11 billion (2010 est.)
country comparison to the world: 74

$14.42 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons, electrical equipment

Exports - partners:
France 29.6%, Italy 21%, Germany 8.8%, Libya 5.8%, Spain 5%, UK 4.8% (2009)

Imports:
$20.02 billion (2010 est.)
country comparison to the world: 72

$18.12 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
textiles, machinery and equipment, hydrocarbons, chemicals, foodstuffs

Imports - partners:
France 20.1%, Italy 16.4%, Germany 8.8%, China 5%, Spain 4.5%, US 4% (2009)

Reserves of foreign exchange and gold:
$11.23 billion (31 December 2010 est.)
country comparison to the world: 51

$11.06 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$18.76 billion (31 December 2010 est.)
country comparison to the world: 73

$19.6 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$33.56 billion (31 December 2010 est.)
country comparison to the world: 60

$31.86 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$251 million (31 December 2010 est.)
country comparison to the world: 78

$233 million (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Tunisian dinars (TND) per US dollar - 1.4367 (2010), 1.3503 (2009), 1.211 (2008), 1.2776 (2007), 1.331 (2006)


NOTE: The information regarding Tunisia on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tunisia Economy 2011 information contained here. All suggestions for corrections of any errors about Tunisia Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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