Tunisia » Outlook

Tunisia is regarded as a success story of the region as it is the most developed countries of Africa. The poverty level in Tunisia has dropped significantly and there is no extreme poverty. As Tunisia’s economy has diversified the attention of the government has also shifted to Tunis which has become the investment hub. From dependence on the traditional agricultural economy, Tunisia’s economic base now has tourism, mining, manufacturing and energy industries contributing to its economic strength. Agriculture however still is an important industry of Tunisia. The main crops of Tunisia are olives, wheat, barley, tomatoes, citrus, sugar beets, dates, and almonds. Tunisia faces the challenge of unemployment especially in the poorer regions.

Tunisia was the first North African country to enter a free trade agreement with the EU. Due to the well-targeted social policies and structural reforms in Tunisia, the country has emerged as the strongest economy of the region. The economic indicators of Tunisia show a strong and stable economic climate, favourable for investments increasing international interest in the country. Taking into account the economic factors, the future for Tunisia property market also looks bright. Real estate companies in Tunisia have spotted an opportunity for solid investments as the well established tourism industry is set to average annual growth rate of 4.3 per cent during the next ten years.  Sound economic policies are yielding results with Tunisia’s growth rate accelerating and social indicators improving. According to IMF Tunisia’s economy should grow by 5.9% in 2009.