Hopes have been set high for the Tunisian economy in 2016 after reduced growth following the 2011 revolution further exacerbated structural problems. Wide-ranging government reforms led by a large-scale government stimulus package, with strong international support, are being pursued to streamline the economy and attract foreign investment in...
As with many other emerging markets in North Africa, Tunisia has long operated a quota system for imports of certain designated goods, both processed and unprocessed. Such measures are generally introduced in large part to reduce pressure on a country’s trade deficit, and in some cases, support the development of local industries. Tunisia saw...
As part of efforts to promote economic development, reduce unemployment and bring down the country’s persistent current account deficit, the authorities are seeking to promote and develop exports. Tunisia’s 2016-20 development plan aims to raise the value of sales of goods abroad to 42% of GDP by 2020.
One of the most developed and diversified economies in the region, Tunisia has for years attracted praise for relatively prudent management. With high urbanisation, well-maintained infrastructure, a strong education system, close trade links and a modest selection of natural resources, the country has an attractive macroeconomic profile.
Tunisia has received ample coverage as one of the few – if not arguably the only – true success stories of the Arab Spring. Much of substance has been achieved in the last five years, as the country has taken the first steps towards becoming a robust and transparent democracy, showing a propensity towards consensual dialogue and negotiation....
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