Tunisia's economy is projected to contract by 4% in 2020 in a scenario where COVID-19 spreads globally with disruptions to travel and trade as well as social distancing behaviors, all of which impact economic growth. 2000-2020 Data | 2021-2023 Forecast | Calendar | Historical. The ... (2020) 262,799 47 Portugal ... Tunisia… Moreover, it … World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. In a long interview with the newspaper Le Maghreb on Sunday 8 March 2020, the new head of the Tunisian government, Elyés Fakhfakh, said that according to initial estimates the coronavirus crisis would have a negative impact of -0.5% on growth in Tunisia. The Gross Domestic Product (GDP) in Tunisia contracted 0.30 percent in the fourth quarter of 2020 over the previous quarter. GDP per capita ranking 2021. Population/Tunisia GDP (Gross Domestic Product) was INT$0.00billion for 2020 in PPP terms. Tunisia’s tourism-dependent economy shrank 21.6% in the second quarter of 2020 from a year earlier, hit hard by travel bans imposed to stem the spread of the coronavirus. The economic outlook for 2020 has worsened since the last forecast. Tunisia’s progress since the revolution in 2011 makes it an important democratic partner in a volatile region. The World Bank Group works in every major area of development. As with assessments of the local job market, it is likely that COVID-19-related developments played a part in this pessimism. Real GDP contracted by 8.8% in 2020, after growing 1% the year before, due to the general decline in economic activity and the hardening of financing conditions designed to fight inflation. In the fourth quarter of 2020, the gross domestic product (GDP) in Tunisia decreased by approximately six percent compared to the same quarter of 2019. ... IMF World Economic Outlook (October-2020) Date: 01 Jan 2021: Top Statistics GDP ranking 2021. The economy of Tunisia is in the process of being liberalized after decades of heavy state direction and participation in the country's economy. GDP in Tunisia is expected to reach 34.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Tunisia Economic Monitor : Rebuilding the Potential of Tunisian Firms – Fall 2020. It estimated that the Tunisian economy should contract by 7% in 2020 under the weight of the repercussions of the coronavirus crisis, against a recession of […] In 2020, GDP per capita for Tunisia was 3,295 US dollars. Direct access to our calendar releases and historical data. GDP of Tunisia increased from 22.07 billion US dollars in 2001 to 39.23 billion US dollars in 2020 growing at an average annual rate of 3.32%. In 2019, Tunisia’s economy experienced a GDP growth of 1 percent. Parliament is highly fragmented, and early elections are likely if the governing coalition fails to find common ground in order to enact key legislation. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. The outlook for reforms to support the recovery is challenging. Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Regarding the broader question of the trajectory of their local economy, Tunisians in 2020 were nine times more likely than they were in 2010 to say economic conditions were getting worse (72% vs. 8%, respectively). The Trading Economics Application Programming Interface (API) provides direct access to our data. Who We Are. Global data and statistics, research and publications, and topics in poverty and development, [PDF] Tunisia's Economic Update, October 2020, Environmental and Social Policies for Projects. iv tunisia economic monitor rebuilding the potential of tunisian firms Figure 8 Most of the Increase in 2020 Budget Financing Needs is Due to the Costs of the Pandemic… . Prudent economic and fiscal planning have resulted in moderate but sustained growth for over a decade. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. The primary sector accounts for 10 percent of GDP, mainly due to production of olives, wheat, barley, tomatoes, citrus, sugar beets, dates, and almonds. Projections by IMF. GDP (billions of $/Int. As the Arab Spring’s birthplace and its sole fledgling democracy, Tunisia represents an encouraging yet incomplete victory against authoritarian rule and violent extremism. Page last updated on January 27, 2020 Economy - overview: 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. The pandemic comes at a weak point of Tunisia’s economic history. Tunisia's economic growth historically has depended on oil, phosphates, agri-food products, car parts manufacturing, and tourism. The IMF supports the authorities’ efforts to increase social protection and, more precisely, to lower the impact on the most vulnerable. 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