Publication: Tunisia Economic Monitor: Equity and Efficiency of Tunisia Tax System - Fall 2024
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2024-11-14
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2024-11-14
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The Tunisian economy experienced a modest growth of 0.6 percent in the first half of 2024, following zero growth in 2023. By the end of 2024, Tunisia is projected to be the only country in its region with a real GDP still below pre-pandemic levels. The limited recovery in agriculture, coupled with declines in the oil and gas, garments, and construction sectors, hindered economic growth. Below-average rainfall restricted agricultural growth, which only recovered a third of the significant losses from the first half of 2023. The garment sector suffered due to reduced demand from the European Union, Tunisia's main export market. Oil and gas production continued its decade-long decline due to a lack of new investments, and the construction sector was impacted by limited domestic demand and challenging external financing conditions.
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“World Bank. 2024. Tunisia Economic Monitor: Equity and Efficiency of Tunisia Tax System - Fall 2024. © World Bank. http://hdl.handle.net/10986/42417 License: CC BY-NC 3.0 IGO.”
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