According to the BMI Tunisia Country Risk Report, Q2 2024, forecasts indicate a modest improvement in real GDP growth from 0.5% in 2023 to 1.3% in 2024, driven by factors such as increased household consumption and controlled import growth. According to BMI’s Tunisia Country Risk Report for the second quarter of 2024, forecasts point to a modest improvement in real GDP growth from 0.5% in 2023 to 1.3% in 2024, supported by factors such as an increase in household consumption and restrained import growth. The diversification of the economy through services, agriculture and manufacturing contributes to its stability.

In addition, the BMI report mentions that Tunisia’s high level of human capital development and its geographical proximity to European markets make it an attractive destination for foreign investment, particularly in sectors such as energy. The report also points out that long-term growth opportunities exist in sectors such as tourism, subject to sustained security and sufficient foreign investment. Reform efforts, supported by organizations such as the IMF, have the potential to improve investor confidence and unlock financing from bilateral and multilateral sources.

Despite recent constitutional changes, the Tunisia Country Risk Report highlights Tunisia’s reputation as the only democracy to emerge from the Arab Spring that continues to facilitate access to international aid, loans and investment, notably from the EU. Closer ties with wealthier markets, such as the Gulf Cooperation Council, offer prospects for financial support and investment, contributing to economic growth and job creation. Overall, despite persistent challenges, Tunisia’s economic outlook remains promising, underpinned by ongoing reforms and strategic partnerships.

Download the report: Tunisia-CountryRiskReport

BMI, affiliated to the Fitch rating group, recently published its quarterly report for the second quarter of 2024, entitled “Tunisia Country Risk ReportIncludes 10-year forecasts to 2033”, offering an in-depth analysis of the economic and political situation in the country.
According to the report’s projections, real GDP growth in Tunisia is expected to show a slight improvement, rising from around 0.5% in 2023 to 1.3% in 2024. This increase is mainly attributed to a slight increase in household consumption, controlled growth in imports and a moderate easing of pressures on government liquidity.
The report offers a comprehensive analysis of political, financial and economic risks, including BMI’s fundamental points of view, 10-year forecasts, the economic risk index, the political stability and risk index, the long-term political outlook, the SWOT analysis and detailed sections on the structural economy.

The first subsidiary of “ETILOG”, based in Presov, Slovakia, and specialized in the manufacture of special packaging for the automotive and aerospace industries, will soon be set up in the Sbikha2 industrial zone in Kairouan (central Tunisia). The first phase will create 210 jobs, according to the Foreign Investment Promotion Agency (FIPA-Tunisie).
In anticipation of this imminent establishment, the first of its kind in Africa, a delegation from this company, European leader in packaging systems with 3 production sites in Eastern Europe, recently visited Tunisia to “pursue discussions concerning the progress of the implementation of its subsidiary”, indicated the same source on Monday.
ETILOG is one of the world’s leading manufacturers of special packaging for the automotive and aerospace industries.
The automotive components industry is a fast-growing sector and one of the pillars of the Tunisian economy.
Today, Tunisia has around 200 companies active in the automotive sector, generating 16% of the country’s exports. In recent years, the automotive components sector, with its electrical and electronics branch, has become the leading industrial sector for foreign direct investment.

The company PSZ Electronic, specialized in the manufacture of electrical and telephone cables, intends to expand further in Tunisia by opening in January 2024 its 4^th unit at the Ghezala industrial Zone in the Bizerte governorate.

A working session, aimed at monitoring administrative and land developments, was held on December 12, 2023 by the Director General of the External Investment Promotion Agency (FIPA-Tunisia) Jalel Tebib, the President and CEO of the Industrial Land Agency (AFI) Kais Mejri, the Head of PSZ Béchir Labben and the Delegate of the city of Ghezala Mrs. Ibtissem Hamri as well as their collaborators.

The representatives of PSZ Electronic Tunisie have informed that the new unit is installed on a plot of 20,000 m2 of which 6,500 m2 is covered. The number of jobs planned to end in 3 years will be 3000 people. PSZ is a German group World leader in the manufacture of cable harnesses for public vehicles and industrial equipment of the largest brands such as Glaass, Clark … The company has three units already installed in the Sahel region which employ 1800 people. The PSZ Group manufactures 80% of its world production in Tunisia.

This good news confirms that the interior regions of Tunisia remain very attractive for FDI especially for the availability of human resources, logistics and financial and tax advantages.