Tunisia's economy grows by 2.4 percent

  • Tunis, Republic of Tunisia
  • 16 February 2023
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Tunisia's economy grew by 2.4 percent in 2022 compared to 4.3 percent in 2021, which was the highest growth rate since 2008.

According to official data issued by the National Institute of Statistics, growth in the last quarter of 2022 was 1.6 percent.

The Tunisian economy has been significantly affected by the global crisis caused by the Ukrainian war and the Corona pandemic. According to World Bank data, the Tunisian economy contracted by -8.6 percent in 2020, after recording modest growth in 2019 at 1.5 percent.

Tunisia needs 12.6 billion dinars ($4.05 billion) in external loans to fill the 2022 budget deficit, compared to 12.1 billion dinars ($3.89 billion) in the 2021 supplementary finance law. According to the 2023 budget law, the government plans to mobilize external resources worth 14.8 billion dinars ($4.7 billion), in exchange for internal loans worth 9.5 billion dinars ($3 billion).

Source (Sky News Arabia Website, Edited)