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Tunisia: Economy



CONTENT

INTRODUCTION
1. Political situation
2. Economy
3. Health & Education
4. Religions & Peoples
5. History

KEY FIGURES
GDP: $20 billion
GDP/capita: $2,100
GDP/sector: Agriculture 13%, Industry 33%, Services 54%
Annual growth in GNP: 1,8%
Foreign debts: $11.6 billion
Foreign debts/GNP: 58%
Foreign debts/capita: $1,040
Trade balance: -5%
Export products: Textiles, mechanical goods, phosphates and chemicals, agricultural products, hydrocarbons.
Annual inflation rate: 5%
Unemployment: 15%
Population below poverty line: 6% (2000 estimate)

All figures are 2002 estimates.

VALUE OF CURRENCY
1997:
US$1=1.10 Tunisian dinars

1998:
US$1=1.14 Tunisian dinars

1999:
US$1=1.19 Tunisian dinars

2000:
US$1=1.37 Tunisian dinars

2001:
US$1=1.38 Tunisian dinars

2002:
US$1=1.44 Tunisian dinars

2003:
US$1=1.27 Tunisian dinars




Tunisia is probably North Africa's most promising country. And even if the population exhibits high professional skills, Tunisia still has low wages.
Through the 1990's Tunisia has had a very positive economic growth, even if low precipitation has reduced the growth some years. Tunisia benefits much from good econmical relations with both Europe and the Arab world. Tunisians working abroad contribute with approximately US$900 million (1998 figures), or about 5% of GNP.

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By: Tore Kjeilen