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.
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How is the economy of Tunisia?
Tunisia’s economic growth historically has depended on oil, phosphates, agri-food products, car parts manufacturing, and tourism.
Economy of Tunisia.
| Statistics | |
|---|---|
| GDP rank | 92nd (nominal, 2019) 76th (PPP, 2019) |
| GDP growth | 2.7% (2018) 1.0% (2019e) −4.0% (2020f) 4.2% (2021f) |
Why is Tunisia so poor?
The civil unrest that has plagued Tunisia since 2011 is another one of the major causes of poverty in Tunisia. The political instability that is a result of the Ben Ali regime stems from dissatisfaction with poverty and unemployment that continues to plague many Tunisians.
Is Tunis Tunisia a poor country?
Tunisia is a country of around 11 million people in North Africa. However, these trends seemed to stall after 2010, and the poverty rate has remained fairly stagnant.Despite the poverty reduction and economic growth, inequality has also increased.
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).
Is Tunisia a third world country?
The “First World” countries were the largely democratic NATO countries such as the United States, Japan, and much of Western Europe.
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 |
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.
Are Tunisians friendly?
Tunisian people are friendly and kind. They don’t hesitate to offer advice or help everywhere you go. You never see then being in a rush – there always seems to be enough time for everything The official language is Arabic, but most of locals are bilingual in Arabic and French.
What is Tunisia well known for?
Tunisia is perhaps most famous for its wide array of historical attractions, including the ancient city of Carthage in Tunis, and the huge Amphitheater of El Jem near Sousse, which show off the influences of various civilizations that have settled in the country over the years.
Is alcohol legal in Tunisia?
Alcohol is legal and publicly consumed in Tunisia, but it is becoming a point of friction as Tunisians try to figure out what kind of country they want to build in the wake of the revolution.
Who is the richest person in Tunisia?
The richest people on the Tunis Stock Exchange
- #1 Ismaïl Mabrouk and family. Net worth on the BVMT: $343,450,837.
- #2 Rached Horchani and family.
- #3 Karim Ben Yedder and family.
- #4 Mehdi Tamarziste and family.
- #5 Karim Milad and family.
- #6 Yahia Bayahi.
- #7 Moncef Sellami.
- #8 Ridha Charfeddine.
Is Tunisia a wealthy or poor country?
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| Rank | Country | GDP-PPP ($) |
|---|---|---|
| 111 | Ecuador | 11,009 |
| 112 | Vietnam | 10,869 |
| 113 | Jordan | 10,306 |
| 114 | Tunisia | 10,120 |
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).
What does Tunisia import?
Major imports from Tunisia included crude oil, apparel, food products (mainly olive oil and dates), electronics, and electrical components. Tunisia has a diverse market economy. According to Tunisia’s National Institute of Statistics (INS), real GDP growth in 2018 was 2.5%. The INS forecasts growth of 2.9% in 2019.
Does Tunisia have a mixed economy?
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.
Is Tunisia a good place to live?
Tunis, Tunisia, differentiates itself with low living costs. According to our city rankings, this is a good place to live with high ratings in housing, business freedom and safety.
Healthcare.
| Healthcare expenditure [score] | 0.34 |
|---|---|
| Healthcare quality [score] | 0.62 |
| Life expectancy (years) | 75.32 |
| Life expectancy [score] | 0.52 |
How strong is Tunisia?
For 2021, Tunisia is ranked 73 of 140 out of the countries considered for the annual GFP review. It holds a PwrIndx* score of 1.4134 (a score of 0.0000 is considered ‘perfect’). This entry last updated on 03/03/2021.
What is the poverty rate in Tunisia?
Poverty headcount ratio in Tunisia 2018-2021
In 2021, the poverty rate was projected at 15.1 percent in Tunisia. This was 0.3 percentage points less than the year before. Both years 2018 and 2019 projected the same poverty rate of 12.7 percent.
Is Tunisia a US ally?
The United States has very good relations with Tunisia, which date back more than 200 years. The United States has maintained official representation in Tunis almost continuously since 1795, and the American Friendship Treaty with Tunisia was signed in 1797.
Can Tunisians travel to USA?
USA is closed for travel. Most visitors from Tunisia will not be allowed to travel to USA.
