With Tunisia striving to bring economic growth back on track, agriculture performed strongly in 2015, driven by outstanding production and olive oil exports, which generated TD2bn (€917.2m) in revenue. Combined with falling oil prices, this helped reduce the trade deficit from TD13.64bn (€6.3bn) in 2014 to TD1.2bn (€550.3m) in 2015.
Owing to favourable weather and efforts to improve sector organisation, in 2015 Tunisia was the world’s second-largest olive oil producer and its top exporter. As of October 31, 2015, coinciding with the end of the 2014/15 agricultural season, Tunisia’s 90m olive trees had returned 350,000 tonnes of olive oil.
Agriculture performed strongly in 2015, driven by outstanding production and olive oil exports, which generated nearly 920m in revenue. The sector, which accounts for around 10% of GDP, has not been spared the instability affecting the country since the 2011 revolution, prompting efforts to initiate structural reforms, including enhanced organisation to boost productivity and stabilize output...
Tunisia has been going through a watershed period in its modern history, with the revolution of 2011 bringing much-needed change and reform. While the country has avoided much of the instability of the wider region, it has nonetheless undergone a spell of turbulence, testing the country’s newly found democratic bonds.
The naturally fertile land centred around Thailand’s Chao Phraya river basin, combined with increasingly well-developed infrastructure, serves as a strong foundation for what is a robust agricultural base. These advantages have propelled both small-scale farmers and larger agriculture companies from Thailand into the forefront of global agri-...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×