The gross domestic product of Tunisia advanced 1.0 percent year-on-year in the third quarter of 2019, slightly below a 1.2 percent growth in the previous period. It was the slowest economic expansion since the first quarter of 2016, hampered by declines in manufacturing (-1.6 percent vs -0.8 percent in Q2) and services (-2.4 percent vs -2.6 percent). In contrast, agriculture & fisheries grew much faster (3.1 percent vs 2.8 percent), amid improved weather conditions. On a quarterly basis, the economy rose 0.2 percent compared to a 0.5 percent advance in the preceding quarter.

GDP Annual Growth Rate in Tunisia averaged 3.15 percent from 2001 until 2019, reaching an all time high of 7.40 percent in the first quarter of 2004 and a record low of -2.20 percent in the third quarter of 2011. This page provides - Tunisia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Tunisia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Tunisia to stand at 2.40 in 12 months time. In the long-term, the Tunisia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.


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Tunisia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 7.40 -2.20 2001 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 03:40 PM Q4 2.2% 2.8% 2%
2019-05-15 02:30 PM Q1 1.1% 2.1% 2.2%
2019-08-15 03:55 PM Q2 1.2% 1.1% 2.3%
2019-11-15 01:15 PM Q3 1.0% 1.2% 1.4%
2020-02-14 03:40 PM Q4 1.0% 1.7%


News Stream
2019-08-15
Tunisia GDP Annual Growth Rate at 1.2% in Q2
The economy of Tunisia advanced 1.2 percent year-on-year in the second quarter of 2019, little changed from a 1.1 percent growth in the previous period. Output rebounded for agriculture & fisheries (2.8 percent vs -0.7 percent in Q1) while contracted for manufacturing (-0.8 percent vs -0.9 percent) and services (-2.6 percent vs -0.7 percent). On a quarterly basis, the GDP rose 0.5 percent, after an upwardly revised 0.2 percent advance in the previous quarter.

2019-05-15
Tunisia GDP Annual Growth Weakens to 1.1% in Q1
The economy of Tunisia advanced 1.1 percent year-on-year in the first quarter of 2019, slowing from a downwardly revised 2.1 percent growth in the previous period. It was the weakest expansion since Q4 2016, amid contractions in agriculture & fisheries (-0.7 percent vs 8.3 percent in Q4); manufacturing (-0.6 percent vs -0.5 percent) and services (-0.8 percent vs -3.6 percent). On a quarterly basis, the economy grew only 0.1 percent, the same pace as in the previous quarter.

2019-02-15
Tunisia Economy Grows the Least in a Year
The gross domestic product in Tunisia advanced 2.2 percent year-on-year in the fourth quarter of 2018, slowing from an upwardly revised 2.8 percent rise in the previous period. It is the weakest growth since Q4 2017. Fishing activity expanded solidly (9.1%, the same pace as in Q3) while both services (-3.6% vs 3.7%) and manufacturing (-0.5% vs -0.7%) contracted. On a quarterly basis, the economy expanded 0.2 percent, the least since the second quarter of 2017, after a 0.5 percent rise in the third quarter. In 2018, the Tunisian GDP grew at a faster 2.5 percent compared to 1.9 percent in 2017.


Tunisia GDP Annual Growth Rate
The services sector is the biggest sector of Tunisia's economy, accounting for 64 percent of GDP, namely government services (21 percent), internal trade (10 percent), transport (7 percent) and financial services (25 percent). The industrial sector represents 26 percent of the wealth, including manufacturing (16 percent), construction (4 percent) and oil and natural gas extraction (3 percent). The primary sector accounts for 10 percent of GDP, mainly due to production of olives, wheat, barley, tomatoes, citrus, sugar beets, dates, and almonds. .

Tunisia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.50 5.90 -3.20 percent [+]
GDP Annual Growth Rate 1.00 1.20 7.40 -2.20 percent [+]
GDP 39.86 39.95 47.63 0.90 USD Billion [+]
GDP Constant Prices 18452.40 18407.00 18452.40 10178.50 TND Million [+]
Gross Fixed Capital Formation 19566.00 18138.70 19566.00 2634.80 TND Million [+]
GDP per capita 4402.00 4343.90 4402.00 1106.00 USD [+]
GDP per capita PPP 11096.48 10950.03 11096.48 5608.33 USD [+]
GDP From Agriculture 1644.80 1664.40 1664.40 887.70 TND Million [+]
GDP From Construction 705.00 703.23 741.40 406.68 TND Million [+]
GDP From Manufacturing 2645.90 2667.90 2705.10 1800.80 TND Million [+]
GDP From Mining 84.50 85.65 133.05 53.60 TND Million [+]
GDP From Services 13174.90 13422.10 13422.10 7771.30 TND Million [+]
GDP From Transport 1365.80 1356.20 1432.00 899.30 TND Million [+]
GDP From Utilities 205.80 193.30 205.80 103.40 TND Million [+]