Tunisia
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Economy - overviewTunisia has a diverse economy, with important agricultural, mining, energy, 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 slowed to a 15-year low of 1.9% in 2002 because of agricultural drought and lackluster tourism. Increased rain helped to push GDP growth to an average rate of 5% in 2003-05. However, a recession in agriculture, weak expansion in the tourism and textile sectors, and increasing import costs due to rising world energy prices cut growth to 4% in 2006. Tunisia is gradually removing barriers to trade with the EU. Broader privatization, further liberalization of the investment code to increase foreign investment, improvements in government efficiency, and reduction of the trade deficit are among the challenges ahead.
GDP1.4% (2006)
GDP - real growth rate5.1% (2006 est.)
GDP - composition by sectoragriculture: 12.8%
industry: 31%
services: 56.2% (2006 est.)
Population below poverty line7.4% (2005 est.)
Household income or consumption
by percentage share
lowest 10%: 2.3%
highest 10%: 31.8% (1995)
Distribution of family income
- Gini index
40 (2005 est.)
Labor force3.502 million
note: shortage of skilled labor (2006 est.)
Labor force - by occupationagriculture: 55%
industry: 23%
services: 22% (1995 est.)
Unemployment rate13.9% (2006 est.)
Budgetrevenues: $7.728 billion
expenditures: $8.734 billion; including capital expenditures of $1.6 billion (2006 est.)
Industriespetroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages
Industrial production growth rate4.7% (2006 est.)
Electricity -
production
11.81 billion kWh (2004)
Electricity -
production by source
fossil fuel: 99.5%
hydro: 0.5%
nuclear: 0%
other: 0% (2001)
Electricity -
consumption
10.97 billion kWh (2004)
Electricity -
exports
15 million kWh (2004)
Electricity -
imports
5 million kWh (2004)
Oil - production81,530 bbl/day (2004 est.)
Oil - consumption89,000 bbl/day (2004 est.)
Oil - exportsNA bbl/day
Oil - importsNA bbl/day
Oil - proved reserves1.7 billion bbl (2006 est.)
Agriculture - productsolives, olive oil, grain, tomatoes, citrus fruit, sugar beets, dates, almonds; beef, dairy products
Exports$11.61 billion f.o.b. (2006 est.)
Exports - commoditiesclothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons
Exports - partnersFrance 32.9%, Italy 24%, Germany 8.4%, Spain 5.5%, Libya 4.5% (2005)
Imports$13.89 billion f.o.b. (2006 est.)
Imports - commoditiestextiles, machinery and equipment, hydrocarbons, chemicals, foodstuffs
Imports - partnersFrance 23.5%, Italy 20.9%, Germany 8.2%, Spain 5.1% (2005)
Debt - external$18.37 billion (30 June 2006 est.)
Economic aid - recipient$328 million (2004)
Currency codeTND
Exchange ratesTunisian dinars per US dollar - 1.331 (2006), 1.2974 (2005), 1.2455 (2004), 1.2885 (2003), 1.4217 (2002)
Fiscal yearcalendar year
LAST UPDATED ON 17 JUNE 2007