According to Trading Economics global macro models and analysts, Tunisia’s GDP is anticipated to reach 37.00 USD billion by the end of 2021. According to our econometric models, Tunisia’s GDP is expected to trend at 38.50 billion dollars in 2022.
Is Tunisia’s economy doing well?
Tunisia’s economic freedom score is 54.2, ranking it 128th in the 2022 Index of Economic Freedom. Tunisia is ranked 10th out of 14 Middle Eastern and North African countries, and its overall score is lower than the regional and global averages. Tunisia’s economy started to weaken in 2019 and then decreased in 2020.
Why is Tunisia so prosperous?
Tunisia’s economy is undergoing liberalization following decades of extensive governmental guidance and participation in the country’s economy. For more than a decade, prudent economic and fiscal planning has resulted in moderate but consistent growth. Oil, phosphates, agri-food products, car parts manufacture, and tourism have all contributed to Tunisia’s economic success in the past. Tunisia is ranked 92nd in the World Economic Forum’s Global Competitiveness Report for 20152016. Tunisia is ranked 96th globally and 5th in Africa in the latest HDI report (for 2014).
Terrorist incidents in Tunisia marked the year 2015, and they are likely to have an impact on economic growth, particularly in tourism, which is one of the country’s key industries.
Is Tunisia a wealthy country?
Tunisia is a country with a middle-income economy that is pretty well diversified. The services sector accounts for over 60% of the country’s gross domestic output, while industry accounts for more than 20%.
Which African country is the wealthiest?
Egypt is the richest country in Africa in terms of total GDP (PPP INT$) for 2021. Egypt is Africa’s third-most populous country, with 104 million inhabitants. Egypt’s economy is a diverse one, with tourism, agriculture, and fossil fuels dominating, as well as a burgeoning information and communications technology industry.
Nigeria is Africa’s most populous country, with 211 million people contributing to its GDPnearly double the population of Egypt. Nigeria is a diverse economy with a lower-middle-income concentrate on petroleum and (to a lesser extent) agriculture. It’s also a developing market with burgeoning financial, service, communications, and technology industries.
Is Tunisia a resource-rich country?
The natural resources of Tunisia are limited. Phosphate was the dominant mineral resource before petroleum was discovered; one-third of it is exported, and the rest is used by indigenous chemical manufacturers. Fertilizer is another significant export.
What is Tunisia’s most valuable export?
Overview According to the Economic Complexity Index, Tunisia was the world’s number 90 economy in terms of GDP (current US$), number 79 in total exports, number 81 in total imports, number 128 in terms of GDP per capita (current US$), and the number 55 most complicated economy in 2020. (ECI).
Exports Insulated Wire ($1.83 billion), Pure Olive Oil ($861 million), Non-Knit Men’s Suits ($811 million), Non-Knit Women’s Suits ($537 million), and Vehicle Parts ($401 million) are Tunisia’s top exports, with most of it going to France ($4.03 billion), Italy ($2.36 billion), Germany ($1.95 billion), Spain ($716 million), and the United States ($565 million).
Imports Tunisia’s top imports are refined petroleum ($1.03 billion), cars ($467 million), wheat ($467 million), low-voltage protection equipment ($448 million), and insulated wire ($396 million), all of which are primarily imported from France ($2.9 billion), Italy ($2.72 billion), China ($1.43 billion), Germany ($1.4 billion), and Turkey ($917 million).
Why is Tunisia so impoverished?
The severe issue of poverty in Tunisia, a North African country, needs to be addressed. Patterns of unemployment, food insecurity, and civic instability have been most obvious while attempting to explain the origins of poverty in Tunisia.
According to a 2010 estimate, approximately 15.5 percent of Tunisians lived in poverty, but the poverty rate reached 24.7 percent in 2014. Furthermore, in Tunisia, income inequality is extreme: the richest 20% of Tunisians make 46.3 percent of the national revenue, while the bottom 20% earn only 5.9 percent. Poverty is more prevalent in central Tunisia than on the fringes of the country’s borders.
Leading Causes of Poverty in Tunisia
Hunger is a serious problem in Tunisia, contributing to many people’s terrible living conditions. Many Tunisians are discovering that their food is either too expensive or physically and geographically unreachable during seasons when food is scarce. Malnutrition on such a big scale causes a slew of issues, including reduced economic productivity and higher health-care costs for many.
Tunisia also has a high unemployment rate, which disproportionately impacts university graduates and women. Tunisia’s large workforce puts a pressure on the country’s resources, and many young Tunisians have responded violently to this, contributing to the civil unrest that culminated in the Ben Ali regime’s overthrow in 2011.
Another important cause of poverty in Tunisia is the civil turmoil that has plagued the country since 2011. The political instability that has resulted from the Ben Ali government is a result of Tunisians’ unhappiness with poverty and unemployment. Because not enough jobs are being produced to match the demands of the rising workforce, this turmoil has driven tourists and corporate investors away, further increasing unemployment for Tunisians.
At this time, it appears that the greatest method to alleviate poverty in Tunisia is to address the unemployment and political instability that have contributed to many people’s poor living conditions. Many people’s lives will undoubtedly improve as a result of tackling these two key challenges, as poverty will begin to decline across the country.
Is Tunis a prosperous city?
In 1159, the Almohad ‘Abd al-Mu’min deposed the last Khurasanid ruler and established a new administration in Tunis’s kasbah. The conquest of Tunisia by the Almohads marked the beginning of the city’s domination. Tunis was raised to the rank of provincial capital after previously playing a minor role behind Kairouan and Mahdia.
Governor Abu Zakariya seized power in 1228 and, a year later, assumed the title of Emir, establishing the Hafsid dynasty. The city became into the capital of a Hafsid kingdom that spanned from Tripoli to Fez. The medina, the kasbah, and the expanding suburbs of Tunis were surrounded by walls to safeguard the kingdom’s emerging capital. The city was briefly seized by Louis IX of France in 1270, who hoped to convert the Hafsid ruler to Christianity. King Louis easily conquered Carthage, but his army soon succumbed to a dysentery epidemic. Louis died before the capital’s walls were breached and his army was driven away. At the same time, the first Andalusian Muslims and Jews arrived in Tunis, spurred on by the reconquest of Spain, and would become crucial to the Hafsid capital’s economic prosperity and intellectual progress.
Tunis, with a population of about 100,000 people during the Almohad and Hafsid periods, was one of the richest and largest towns in the Islamic world.
Ibn Battuta was a notable traveler to Tunis during this time period. When Ibn Battuta and his company arrived in Tunis, the people of the city came out to greet him and the other members of his party, according to his travel record. They all greeted them and were quite curious; many of them asked questions, but no one in Tunis personally greeted Ibn Battuta, which irritated him tremendously. He was lonely and couldn’t stop the tears from welling up in his eyes. This continued for a time until one of the pilgrims became aware of his distress and walked up to greet and converse with Ibn Battuta till he entered the city. The Sultan of Tunis at the time was Abu Yahya, and the Festival of the Breaking of the Fast was taking place during Ibn Battuta’s stay. The city’s residents gathered in vast numbers to enjoy the event, dressed extravagantly and lavishly. Abu Yahya arrived on horseback, accompanied by all of his relatives. People went back to their houses after the show.