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Tunisia’s economic outlook remains promising


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.