Economy of Tunisia
| Statistics | |
|---|---|
| Main industries | petroleum, mining (particularly phosphate, iron ore), tourism, textiles, footwear, agribusiness, beverages |
| Ease-of-doing-business rank | 78th (easy, 2020) |
| External | |
| Exports | $13.82 billion (2017 est.) |
Contents
Where does Tunisia get its money from?
Tunisia’s agricultural sector has grown steadily in both output and investment. Agriculture is Tunisia’s most important primary industry, accounting for approximately 14 percent of GDP. Almost 20 percent of the country’s total workforce is employed in agriculture.
What is Tunisia’s biggest export?
Exports The top exports of Tunisia are Insulated Wire ($1.99B), Non-Knit Men’s Suits ($881M), Crude Petroleum ($653M), Non-Knit Women’s Suits ($517M), and Pure Olive Oil ($502M), exporting mostly to France ($4.82B), Italy ($2.74B), Germany ($2.1B), Spain ($686M), and Libya ($539M).
What resources does Tunisia have?
Natural resources
Tunisia possesses petroleum, phosphates, iron ore, lead, zinc, salt, gold and arable land. 3,850 km2 of land is irrigated in Tunisia.
Is Tunisia economically stable?
Tunisia’s economic freedom score is 56.6, making its economy the 119th freest in the 2021 Index.This year, Tunisia’s economy remained in the ranks of the mostly unfree where it has been for more than a decade, despite the hopes for significant liberalization that were raised by the 2011 Arab Spring.
What does Tunisia manufacture?
Tunisia’s most significant exports are textiles and leather products, electrical machinery, and crude and refined petroleum. Its major imports are consumer products, raw materials, machinery and electrical equipment, and food products.
What are the biggest industries in Tunisia?
Economy of Tunisia
| Statistics | |
|---|---|
| Main industries | petroleum, mining (particularly phosphate, iron ore), tourism, textiles, footwear, agribusiness, beverages |
| Ease-of-doing-business rank | 78th (easy, 2020) |
| External | |
| Exports | $13.82 billion (2017 est.) |
What type of economy is Tunisia?
Tunisia has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Tunisia is a member of the League of Arab States (Arab League).
What does Tunisia export to France?
Optical, photo, technical, medical apparatus. $303.57M. 2019. Mineral fuels, oils, distillation products. $206.32M.
What are the major imports and exports in Tunisia?
Olive oil exports registered an increase of 110.5%. Tunisia’s imports increased by 20% in 2018 compared to 2017, as a result of an increase in the import of milk products and drivatives (+42.6%), gasoline (+47.5%), barley (+52.4), wheat (+27.5%), natural gas (+41.4%), and textile (+17.7%).
What is the Tunisian economic crisis?
The devaluation of the Tunisian currency has led to an increase in prices and an unprecedented inflation rate estimated at 6.2 percent today. While Tunisia’s unemployment rate reached 17.8 percent in March, an additional 600,000 Tunisians have fallen below the poverty line following two years of the COVID-19 pandemic.
Is Tunisia rich in oil?
Tunisia holds 425,000,000 barrels of proven oil reserves as of 2016, ranking 49th in the world and accounting for about 0.0% of the world’s total oil reserves of 1,650,585,140,000 barrels. Tunisia has proven reserves equivalent to 12.0 times its annual consumption.
Is Tunisia a First World country?
Originally coined by French historian Alfred Sauvy in 1952, “Third World” was part of the “three worlds” label system used to describe a country’s political alliances.
Third World Countries 2021.
| Country | Human Development Index | 2021 Population |
|---|---|---|
| Tonga | 0.726 | 106,760 |
| Jamaica | 0.732 | 2,973,463 |
| Jordan | 0.735 | 10,269,021 |
| Tunisia | 0.735 | 11,935,766 |
What is Tunisia known for?
Tunisia is known as the country of origin of the so-called Arab Spring, an uprising against the governments in various countries in North Africa and the Middle East that began in 2011. Tunisia is famous for having been one of the sites of the ancient Phoenician civilization.
Who is Tunisia allies with?
The south of the country is composed of the Sahara desert, with much of the remainder consisting of particularly fertile soil and 1,300 kilometres (810 mi) of coastline. Tunisia has an association agreement with the European Union and is a member of the Arab Maghreb Union, the Arab League, and the African Union.
What language is spoken in Tunisia?
Arabic
Is Tunisia an emerging market?
Understanding Emerging Market Economies
Both China and Tunisia belong to this category because they embarked on economic development and reform programs and have begun to open up their markets and “emerge” onto the global scene. EMEs are considered to be fast-growing economies.
How developed is Tunisia?
It is one of the few countries in Africa ranking high in the Human Development Index, with one of the highest per capita incomes in the continent. Tunisia is well integrated into the international community.
What is the unemployment rate in Tunisia?
This statistic shows the unemployment rate in Tunisia from 1999 to 2020. In 2020, the unemployment rate in Tunisia was estimated at approximately 16.69 percent.
Tunisia: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 15.13% |
| 2018 | 15.46% |
| 2017 | 15.38% |
| 2016 | 15.51% |
Why is the Tunisian economy declining?
Tunisia GDP Keeps Falling in Q1
It was the fifth consecutive quarter of declines in economic activity, mainly due to the lingering adverse impact of the Covid-19 on the country’s key tourism sector (-30.4 percent vs -49.1 percent in Q4).
Does Tunisia import oil?
Tunisia is a small producer of oil and natural gas. Oil production began in 1966, at 118,000 barrels/day in 1980, and reached 63,000 barrels in 2015. The country is a net importer from the year 2000 onwards.
