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Tunisia Tunisia

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Tunisia – Quick View
ECR score45.41 (Mar 2011)
ECR rank81 (Mar 2011)
Economic
GDP 2010 Q3USD 10.78 billion
GNI per capita PPPUSD 7,979
FDI inflowUSD 251.98 million
Inflation 20098.77%
Central bank assetsUSD 9,219,326,059
Unemployment rate 201013%
Government deficitUSD 1,173.39 million
Tax revenueUSD 8,630.54 million
Political
Government typeRepublic
Recent political crisisNA
Economic freedom score100th
Freedom of information score164th
Corruption perception index59th
Structural
Birth rate17.7 per ‘000
Population balanceUnder 14 - 23.9%
Population balanceOver 60 - 9.8%
Life expectancy yearsMale 72.5 years
Life expectancy yearsFemale 76.5 years
Mortality rate5.7 per ‘000
Literacy rate78%
Internet access33.4%

[Top] Economic Overview

Tunisia has a diverse economy and the major contributing sectors to the nations GDP are agriculture, manufacturing, mining and tourism.

(Source: economywatch)

Gross domestic product (GDP)

From Q1 2009 to Q3 2010, GDP at market price witnessed a continuous growth.

Tunisia GDP

(Source: ins.nat.tn)

From 2007 to 2009, the GDP growth rate declined from 6.3% to 3.1%.

(Source:bct.gov.tn)

 

Tunisia GDP growth rate

GNI per capita at PPP

In 2010, the country’s gross national income (GNI) per capita at PPP was USD 7,979, as compared to USD 6,578 for 2005.

 

Tunisia GNI per capita at PPP

(Source: UNDP)

Income tax

Income tax on individual incomes in Tunisia varies from 15% to 35%.

 

Taxable Income (TND)

Tax rate

0-1,500

0%

1,501 - 5,000

15%

5,001 - 10,000

20%

10,001 - 20,000

25%

20,001 - 50,000

30%

Over 50,000

35%

(Source: worldwide-tax)

Corporate tax

The standard corporate tax rate is 30%.

 

Tax contribution

Total tax rate (% profit)

Corporate income tax

15

Social Security contributions

18.7

FODEC (Development of industrial competitiveness tax)

17.7

Work accident insurance contributions

4.3

TCL (Local municipality tax)

4.2

TFP (Professional Training Tax)

1.1

Fuel tax

0.7

FOPROLOS (social lodging tax)

1.1

Total

62.8

(Source: worldwide-tax, doingbusiness)

Inflation rate

In 2008, inflation rate in Tunisia was registered at 7.67%. Additonally, the inflation, in terms of consumer price change (annual %), for 2009 was registered at 8.77%.

Tunisia Inflation Rate

(Source: bct.gov.tn)

Foreign direct investment (FDI) inflow

 

FDI Inflow (TND million)

2010 Q2

2010 Q3

2009

2008

373.0

645.2

2,287.4

3,403.7

(Source:bct.gov.tn)

In 2009, foreign direct investment (FDI) inflow declined to TND 2287.4 million, as compared to 2008. The foreign direct investment inflow for Q3 2010, increasing 72.97% over Q2 2010.

Portfolio investments inflow


Portfolio Investments Inflow (TND million)

2010 Q2

2010 Q3

2009

2008

89.4

97.0

78.3

198.5

(Source:bct.gov.tn)

Tunisia portfolio investments inflow for Q3 2010 amounted to TND 97.0 million, increasing 8.50%, compared to the previous quarter.

Banking sector assets

The assets of Central Bank of Tunisia are:

Assets of Central Bank of Tunisia (TND)

 

2009

2008

Gold holdings

4,394,852

4,412,137

Subscriptions to international organisations

2,371,793

2,371,793

IMF reserve position

42,588,253

38,472,326

Assets and investments in special drawing rights

501,914,258

11,708,161

Foreign currency assets

13,397,463,081

11,687,458,293

Securities purchased / open market

26,296,700

25,073,300

Advance to the State pertaining to Monetary Funds subscription

616,661,533

558,443,905

Standing advance to the State

25,000,000

25,000,000

Reimbursable advance to the State

-

553,125

Bills in collection

32,585,816

30,753,261

Shareholding portfolio

31,650,065

31,390,050

Fixed assets

30,481,678

30,999,768

Miscellaneous debtors

25,732,926

24,741,146

Memorandum accounts and accounts calling for adjustment

25,647,207

10,999,355

Total Assets

14,762,788,162

12,482,376,620

(Source: bct.gov.tn)

[Top] Financial Indicators & Government Financial

Consumer price index (CPI)

The consumer price index in Tunisia steadly rose from 2005 to 2010. In 2010, CPI increased by 4.44% over 2009.  

Tunisia Consumer Price Index

Base, 2005 = 100

(Source: ins.nat.tn)

Interest rates


Interest rate, 2010 (%)

 

Monetary market interest rates

Savings remuneration rate

Maximum overdraft rates

January

4.070

2.250

11.070

February

4.080

2.250

11.080

March

4.230

2.250

11.230

April

4.120

2.250

11.120

May

4.360

2.250

11.360

June

4.380

2.250

11.380

July

4.520

2.250

11.520

August

4.610

2.500

11.610

September

4.520

2.500

11.520

(Source:ins.nat.tn)

Money supply (currency in circulation)


Money Supply (TND million)

 

2010

2009

Money plus quasi-money (M2)

37,651

34,020

Broad money (M3)

39,465

35,729

Liquidity aggregate(M4)

39,693

35,899

(Source:bct.gov.tn)

Government expenditure

Government expenditures for 2009 were TND 15,354.3 million, increasing 10.18% over 2008.

Expenditure of Government of Tunisia (TND million)

 

2009

2008

2007

Operating expenditure exclusive of equalisation

7,934.8

7,228.1

6,622.2

Equalisation

1,430.0

2,036.2

1,282.3

Debt interest

1,180.1

1,142.5

1,181.9

Capital expenditure

4,013.6

3,315.1

2,793.7

Net loans and advances

795.8

212.5

467.9

Total

15,354.3

13,934.4

12,348.0

(Source:bct.gov.tn)

Public debt

In 2009, the country’s total public debt was registered at TND 25,190 million, increasing 5.28% as compared to the previous year.

Public Debt (TND million)

 

2009

2008

2007

External debt

14,715.7

14,559.9

13,300.4

Domestic debt

10,474.3

9,366.6

9,528.8

Total

25,190.0

23,926.5

22,829.2

(Source:bct.gov.tn)

Official exchange rate

TND per USD rate for 2010 was registered at 1.43. In 2010, the official exchange rate increase by 6.17% as compared to 2009.

Tunisia Exchange Rate

(Source: bct.gov.tn 

Government finances

Fiscal balance

In 2009, the fiscal balance showed a deficit of TND 1,588.70 million, compared to a deficit of TND 220.1 million in 2008.

Tunisia Fiscal Balance

(Source: bct.gov.tn)

Revenue, 2009

The country's core revenue in 2009 amounted to TND 13,765.60 million, increasing 0.37% from the 2008 value of TND 13,714.3 million.Tunisia Total Revenue

(Source: bct.gov.tn)

Tax revenue

In 2009, the total tax revenue was registered at TND 11,685.2 million, increasing 3.12% over 2008.

Tax Revenue (TND million)

 

2009

2008

2007

Direct Taxes

4,645.4

4,560.8

3,697.6

Indirect levies and taxes

7,039.8

6,770.1

5,810.4

Total

11,685.2

11,330.9

9,508.0

(Source:bct.gov.tn)

Current account balance

In 2009, the current account balance recorded a deficit of TND 1,665.9 million, and was estimated at a deficit of TND 115 million in Q3 2010.

Tunisia Currrent Account Balance

(Source: bct.gov.tn

Balance of payments

Balance of Payments (TND Million)

 

2010 (till Q3)

2009

2008

Current receipts

-115.0

-1,665.9

-2,109.1

Capital and financial
operations

357.4

3,781.0

4,022.3

Adjustment Operations (net flows)

-

89.2

139.5

General Balance

242.4

2,204.3

2,052.7

 
(Source: bct.gov.tn)

[Top] Labour Force and Employment Overview

Labour force

From 2005 to 2010, there was a steady rise in the labour force. In 2010, the labour force in Tunisia was 37.69 million, increasing 2.16% from the previous year’s 36.89 million labour population.

 

Tunisia Labour Force

(Source:ins.nat.tn)

Unemployment rate

Tunisia Unemployment Rate

(Source: ins.nat.tn)

From 2005 to 2010, the unemployment rate was averaged at 12.75%, with 2009 witnessing the highest unemployment rate at 13.3%. Furthermore, in 2010, unemployment was 13%.

Minimum wage

Minimum Wage (Unit: Dinars)

 

2009

2008

Minimum inter-professional guaranteed hourly wage (40hr/week)

1.299

1.286

Minimum inter-professional guaranteed hourly wage (48hr/week)

1.253

1.235

Minimum agricultural guaranteed daily wage

8.019

7.749

(Source:ins.nat.tn)

[Top] Political Stability

Government stability

The current interim President is Fouad Mebazaa and the Prime Minister is Mohammed Ghannouchi. The country’s parliament is a bicameral legislature, comprised of upper and lower houses. The parliament of Tunisia includes the Chamber of Deputies, who are elected for a five year term, and the Chamber of Councillors, who are elected for a term of six years.

(Source: UNDP)

Regulatory environment

The country’s economic freedom score is 58.5, making its economy the 100th freest on the 2010 Index. Furthermore, it ranks 12th in the Middle East region.

 

Tunisia Economic Freedom Indices

(Source: Heritage.org)

Corruption perception

The Corruption Perceptions Index (CPI) is a survey to measure the perceived level of corruption across countries worldwide. Tunisia is ranked 59th in 2010 on the CPI index, indicating low levels of corruption in the country’s public department.

Tunisia CPI ranking has improved since 2008, when it was ranked 62nd with a score of 4.2, and it further improved from its ranking in 2009 of 65th 

(Source:transparency.org)

Freedom of information

The freedom for press media is restricted with strict law enforcement including charges against the media for criticism, stipulated fines and even imprisonment for violators. Also, the websites criticizing the Government are blocked.

Newspapers

·         La Presse

·         Nouvelles de Tunisie  

·         Assabah

·         Le Quotidien

World Press Freedom Index 2010 ranks Tunisia at 164th rank with a score of 72.50.

(Source: rsf.org, BBC)

Judicial system

Tunisian judicial system is based on Islamic legal principles and thus, the President of the Republic controls judicial council system.

The country’s judiciary system includes civil, criminal, and administrative departments. The civil system has a four-tiered hierarchy of courts.  The Supreme Court or Court of Cassation is the highest court of justice. It has one criminal division and three civil divisions.

 
(Source: UNDP)

[Top] Demographic Overview

The total population of Tunisia in 2010 was 10.52 million, increasing 0.83% over the previous year.

(Source: bct.gov.tn)

Tunisia Population by Gender

The gender ratio in the country is almost balanced, since there are about 101.2 males for every 100 females in the country.

(Source: UN)

The mortality rate of infants (per thousand live births) registered at 17.8 in 2009.

The crude birth rate (per thousand inhabitants) is 17.7 in 2009. The mortality rate for thousand inhabitants is 5.7.

In 2009, the average life expectancy at birth in Tunisia for males is 72.5 years and for females it is 76.5 years.

(Source:ins.nat.tn)

Tunisia Population by age group

 

Majority of the population, about 66.3%, fall under the age group of 15 to 59 years old. Furthermore, about 23.9% people belong to 0 to 14 age group. Finally, the 60 and above age group constitutes 9.8 % of the total population.

(Source:ins.nat.tn)

International migrant stock till mid 2010 was recorded at 33.6 million, or 0.3% of the entire population.

Urban population in Tunisia grew at an annual rate of 1.7% from 2005 to 2010. Alternatively, during the same period, the rural population declined at 0.1%.

(Source: UN)

The country ranks 81st out of 169 countries on the United Nations’ Human Development Index (HDI) in 2010 and is amongst countries with a very high human development. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and having a decent standard of living (measured by purchasing power parity, PPP, income).

(Source: UNDP)

[Top] Soft Infrastructure

The country’s literacy rate for the year 2005 – 2008 has been estimated at 78%.

(Source: UNICEF)

The basic education for children is 16 years. The structure of education in Tunisia includes

·Primary Education

·Secondary Education

·Higher Education

(Source:mapsofworld)

Education expenditure (as % of State budget) for 2009 is registered at 19.2%. In 2009, the public education expenditure (as % of GDP) is recorded at 4.8% as compared to 5% in 2008.

 

Tunisia Expenditure on Education

(Source:ins.nat.tn)

Health care

In 2008, there are 174 hospitals, 2,083 basic health centre and 18,771 active beds across the country.There are 11,533 Doctors, 2,300 Dentists, 3,050 Pharmacists and 31,858 Paramedics. In 2008, Public health expenditure as a percent of State budget was 6.5% and as a percent of GDP was 1.6%.

[Top] Hard Infrastructure

Public transport in the country is mainly through roadways (mainly buses and cabs), followed by air and ferry services.  Tunisian Railways manage the railway services across the country.

The major ports in Tunisia are: Port of Bizerte, Port of Gabes, Port of La Goulette, Port of Menzel Bourguiba, Port of Rades, Port of Sfax, Port of Sousse, and Port of Zarzis.

(Source:world port source)

 Airports

 

Town

Airport name

Runway length

Bir Ezzobas

Bir Ezzobas

4100 ft

Borj El Amri

Borj El Amri

3600 ft

Djerba

Zarzis

10100 ft

El Borma

El Borma

8800 ft

Gafsa

Ksar

9500 ft

La Skhira

La Skhira

6500 ft

Monastir

Habib Bourguiba

9600 ft

Montesseur

Montesseur

3900 ft

Sfax

Thyna

9800 ft

Sp 3

Sp 3

4900 ft

Sp 4

Sp 4

2400 ft

Tabarka

7 November

9400 ft

Tozeur

Nefta

10500 ft

Tunis

Carthage

10400 ft

(Source: Air charter world)  

Telecommunications networks

In 2009, 3.5 million people, or 33.4% of the total population use internet services.

Tunisia Internet Subscribers

(Source:internetworldstats.com)

Fixed telephone lines

The fixed telephones lines for 2009 were 1,278,548, as compared to 1,239,074 in 2008. Furthermore, in 2009, fixed telephone lines (per 100 inhabitants) registered at 12.45.

(Source: ITU)

Mobile cellular subscriptions

In 2009, mobile cellular subscriptions were registered at 9,797,026 as compared to 8,602,164 in 2008.  The mobile cellular subscriptions per 100 inhabitants were 95.38 in 2009.

(Source: ITU)

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