Economy Of Tunisia - Tunisia Information

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Economy Of Tunisia
Tunisia Information - Country Guides

Economy overview	Tunisia 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. Real growth, averaging 5% for the latter half of the last decade, slowed to a 15-year low of 1.9% in 2002 because of agricultural drought, slow investment, and lackluster tourism. Better rains in 2003, however, pushed GDP growth up to an estimated 6 percent, and tourism also recovered after the end of combat operations in Iraq. GDP growth remained at 6% in 2004. Tunisia has agreed to gradually remove barriers to trade with the European Union over the next decade. 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 for the future.
GDP	purchasing power parity - $68.23 billion (2004 est.)
GDP - real growth rate	5.1% (2004 est.)
GDP - per capita	purchasing power parity - $6,900 (2004 est.)
GDP - composition by sector	agriculture: 13.9% industry: 32.2% services: 53.9% (2004 est.)
Investment gross fixed	24.2% of GDP (2004 est.)
Population below poverty line	7.6% (2001 est.)
Household income or consumption by percentage share	lowest 10%: 2.3% highest 10%: 31.8% (1995)
Distribution of family income - Gini index	41.7 (1995)
Inflation rate consumer prices	2.7% (2004 est.)
Labor force	3.461 million note: shortage of skilled labor (2004 est.)
Labor force by occupation	services 55%, industry 23%, agriculture 22% (1995 est.)
Unemployment rate	14.3% (2004 est.)
Budget	revenues: $6.101 billion expenditures: $6.855 billion, including capital expenditures of $1.6 billion (2004 est.)
Public debt	59.5% of GDP (2004 est.)
Agriculture products	olives, olive oil, grain, dairy products, tomatoes, citrus fruit, beef, sugar beets, dates, almonds
Industries	petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages
Industrial production growth rate	-0.1% (2004 est.)
Electricity production	10.48 billion kWh (2001)
Electricity production by source	fossil fuel: 99.5% hydro: 0.5% other: 0% (2001) nuclear: 0%
Electricity consumption	9.748 billion kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	1 million kWh (2001)
Oil production	72,580 bbl/day (2001 est.)
Oil consumption	87,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	417 million bbl (2004)
Natural gas production	2.25 billion cu m (2001 est.)
Natural gas consumption	3.83 billion cu m (2001 est.)
Natural gas exports	0 cu m (2001 est.)
Natural gas imports	1.58 billion cu m (2001 est.)
Natural gas proved reserves	77.16 billion cu m (2004)
Current account balance	$-738.6 million (2004 est.)
Exports	$8.035 billion f.o.b. (2004 est.)
Exports commodities	textiles, mechanical goods, phosphates and chemicals, agricultural products, hydrocarbons
Exports partners	France 32.6%, Italy 21.9%, Germany 10.7%, Spain 4.7%, Libya 4.4% (2003)
Imports	$10.3 billion f.o.b. (2003 est.)
Imports commodities	textiles, machinery and equipment, hydrocarbons, chemicals, food
Imports partners	France 26.1%, Italy 19.8%, Germany 8.9%, Spain 5.2% (2003)
Reserves of foreign exchange gold	$2.949 billion (2004 est.)
Debt external	$14.39 billion (2004 est.)
Economic aid recipient	$378 million (2001)
Currency	Tunisian dinar (TND)
Currency code	TND
Exchange rates	Tunisian dinars per US dollar - 1.2885 (2003), 1.4217 (2002), 1.4387 (2001), 1.3707 (2000), 1.1862 (1999)
Fiscal year	calendar year

Tunisian Flag Map Of Tunisia Tunisian Arabic language

Economy Of TunisiaTunisia Information - Country Guides

Economy Of Tunisia
Tunisia Information - Country Guides