Tunisia

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Tunisia - In Short.

Overview of Tunisia

Tunisia has been the nexus of many different colonizations including those of the Phoenicians (as early as the 12 century B.C.), the Carthaginians, Romans, Vandals, Byzantines, various Arab and Berber kingdoms, and the Ottomans (16th to late 19th centuries). Rivalry between French and Italian interests in Tunisia culminated in a French invasion in 1881 and the creation of a protectorate. Agitation for independence in the decades following World War I was finally successful in convincing the French to recognize Tunisia as an independent state in 1956. The country’s first president, Habib BOURGUIBA, established a strict one-party state. He dominated the country for 31 years, repressing Islamic fundamentalism and establishing rights for women unmatched by any other Arab nation. In November 1987, BOURGUIBA was removed from office and replaced by Zine el Abidine BEN ALI in a bloodless coup. Street protests that began in Tunis in December 2010 over high unemployment, corruption, widespread poverty, and high food prices escalated in January 2011, culminating in rioting that led to hundreds of deaths. On 14 January 2011, the same day BEN ALI dismissed the government, he fled the country, and by late January 2011, a “national unity government” was formed. Elections for the new Constituent Assembly were held in late October 2011, and in December, it elected human rights activist Moncef MARZOUKI as interim president. The Assembly began drafting a new constitution in February 2012 and, after several iterations and a months-long political crisis that stalled the transition, ratified the document in January 2014. Parliamentary and presidential elections for a permanent government were held at the end of 2014. Beji CAID ESSEBSI was elected as the first president under the country’s new constitution. Following ESSEBSI’s death in office in July 2019, Tunisia moved its scheduled presidential election forward two months and after two rounds of voting, Kais SAIED was sworn in as president in October 2019. Tunisia also held legislative elections on schedule in October 2019. SAIED’s term, as well as that of Tunisia’s 217-member parliament, expires in 2024.
Value
Country Full Name
Tunisia
Country Code
TUN
Region
Middle East & North Africa
Income Group
Lower middle income
Currency Unit
GDP
41620349986
Population
11818618
Land Area
155360
Net National Income Per Capita
3357.812021
GDP per Capita (PPP)
10822.84717

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Tunisia - Economic

Economy of Tunisia

Tunisia’s economy – structurally designed to favor vested interests – faced an array of challenges exposed by the 2008 global financial crisis that helped precipitate the 2011 Arab Spring revolution. After the revolution and a series of terrorist attacks, including on the country’s tourism sector, barriers to economic inclusion continued to add to slow economic growth and high unemployment.Following an ill-fated experiment with socialist economic policies in the 1960s, Tunisia focused on bolstering exports, foreign investment, and tourism, all of which have become central to the country’s economy. Key exports now include textiles and apparel, food products, petroleum products, chemicals, and phosphates, with about 80% of exports bound for Tunisia’s main economic partner, the EU. Tunisia’s strategy, coupled with investments in education and infrastructure, fueled decades of 4-5% annual GDP growth and improved living standards. Former President Zine el Abidine BEN ALI (1987-2011) continued these policies, but as his reign wore on cronyism and corruption stymied economic performance, unemployment rose, and the informal economy grew. Tunisia’s economy became less and less inclusive. These grievances contributed to the January 2011 overthrow of BEN ALI, further depressing Tunisia’s economy as tourism and investment declined sharply.Tunisia’s government remains under pressure to boost economic growth quickly to mitigate chronic socio-economic challenges, especially high levels of youth unemployment, which has persisted since the 2011 revolution. Successive terrorist attacks against the tourism sector and worker strikes in the phosphate sector, which combined account for nearly 15% of GDP, slowed growth from 2015 to 2017. Tunis is seeking increased foreign investment and working with the IMF through an Extended Fund Facility agreement to fix fiscal deficiencies.

Unemployment Rate

Inflation Rate

Tunisia - GDP Composition

GDP Composiiton & Value Added of Tunisia

Last Updated: Jan, 2021, Updated For 2020.

Tunisia - GDP, Value Added

Demographics of Tunisia

the overwhelming majority of the population is located in the northern half of the country; the south remains largely underpopulated as shown in this population distribution map
Geographic Location

Northern Africa, bordering the Mediterranean Sea, between Algeria and Libya

Races

Arab 98%, European 1%, Jewish and other 1%

Languages

Arabic (official, one of the languages of commerce), French (commerce), Berber (Tamazight); note - despite having no official status, French plays a major role in the country and is spoken by about two thirds of the populationmajor-language

Religion

Muslim (official; Sunni) 99%, other (includes Christian, Jewish, Shia Muslim, and Baha'i) <1%

Dependency & Expectancy of Tunisia

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Tunisia - Social Media Briefing

Tunisia - Social Media & Social Commerce

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Politics & Policies of Tunisia

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ABEDA, AfDB, AFESD, AMF, AMU, AU, BSEC (observer), CAEU, CD, EBRD, FAO, G-11, G-77, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAS, MIGA, MONUSCO, NAM, OAS (observer), OIC, OIF, OPCW, OSCE (partner), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Tunisia

Export of Tunisia

Import Destination

Export Destination