Tunisia » Introduction

Basic Economic Facts

Tunisian is a prosperous nation with a diverse economy that has left its neightbours far behind in terms of economic competition setting an example for other African and Middle Eastern countries to follow. Tunisian economy boasts of impressive growth rates that is attracting investors to Tunisia. The progressive journey of Tunisian economy began in 1986 and since then there was no looking back. Tunisia’s partnership with IMF, EU and World Bank and strong trade links with Europe has helped strengthen its economy. Having an open economy, political and economical stability along with transparent legal system Tunisia provides a completely safe and favourable investment environment.

GDP composition by Sector

Over the years the GDP level has grown, poverty and inflation in Tunisia has come down. Progressive social policies have helped improve the living standards of Tunisian people. Tourists in millions come to Tunisian resorts from neighbouring countries and from Europe making the tourist industry a strong contributor of the economy. Other important sectors are agriculture, fishing, mining, energy and  manufacturing. Manufacturing industries of Tunisia bring in alot of foreign revenue. In the textile sectors alone more than 90% of production is exported. Tourism industry is another strong industry contriuting to the economic growth of the country. According to figures of 2008, 7 million tourists visited Tunisia.

The challenges that lie ahead for the economy of Tunisia include further privatization, reducing trade deficit and liberalization of policies that can facilitate foreign investment.