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World > Africa > Tunisia > Economy (Facts)

Tunisia - Economy (Facts)
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. 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.
GDP - real growth rate: 5.1% (2006 est.)
GDP (purchasing power parity): $89.74 billion (2006 est.)
GDP (official exchange rate): $33.29 billion (2006 est.)
GDP - per capita (PPP): $8,800 (2006 est.)
GDP - composition by sector: agriculture: 12.8%
industry: 31%
services: 56.2% (2006 est.)
Population below poverty line: 7.4% (2005 est.)
Household income or consumption by percentage share: lowest 10%: 2.3%
highest 10%: 31.8% (1995)
Inflation rate (consumer prices): 4.6% (2006 est.)
Labor force: 3.502 million
note: shortage of skilled labor (2006 est.)
Labor force - by occupation: agriculture: 55%
industry: 23%
services: 22% (1995 est.)
Unemployment rate: 13.9% (2006 est.)
Budget: revenues: $7.728 billion
expenditures: $8.734 billion; including capital expenditures of $1.6 billion (2006 est.)
Industries: petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages
Industrial production growth rate: 4.7% (2006 est.)
Electricity - production: 11.81 billion kWh (2004)
Electricity - consumption: 10.97 billion kWh (2004)
Electricity - exports: 15 million kWh (2004)
Electricity - imports: 5 million kWh (2004)
Oil - production: 81,530 bbl/day (2004 est.)
Oil - consumption: 89,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 1.7 billion bbl (2006 est.)
Natural gas - production: 2.4 billion cu m (2004 est.)
Natural gas - exports: 0 cu m (2004 est.)
Natural gas - imports: 1.3 billion cu m (2004 est.)
Agriculture - products: olives, olive oil, grain, tomatoes, citrus fruit, sugar beets, dates, almonds; beef, dairy products
Exports: $11.61 billion f.o.b. (2006 est.)
Exports - commodities: clothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons
Exports - partners: France 28.9%, Italy 20.4%, Germany 8.6%, Spain 6.1%, Libya 4.9%, US 4% (2006)
Imports: $13.89 billion f.o.b. (2006 est.)
Imports - commodities: textiles, machinery and equipment, hydrocarbons, chemicals, foodstuffs
Imports - partners: France 24.9%, Italy 21.8%, Germany 9.4%, Spain 4.7% (2006)
Debt - external: $18.37 billion (30 June 2006 est.)
Economic aid - recipient: $328 million (2004)
Currency: Tunisian Dinar (TND)

Current Tunisian Dinar Exchange Rates
Historical Tunisian Dinar Exchange Rates
Chart Tunisian Dinar Exchange Rates
Currency code: TND
Exchange rates: Tunisian dinars per US dollar - 1.331 (2006), 1.2974 (2005), 1.2455 (2004), 1.2885 (2003), 1.4217 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Tunisian Dinar Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Tunisian Dinar Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Foreign Relations
Relations with U.S.





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