The Central Bank of Tunisia has published its monetary and financial indicators for the first half of 2025. If labor income and tourist revenues have a clear progression, the currency reserves continue to fall back.
Financial indicators published Friday July 4 by the Central Bank of Tunisia (BCT) confirm a positive dynamic in currency flows, in particular thanks to the increase in income from labor and tourist revenues, recorded during the first half of 2025. But this embellish remains tempered by the decline in currency reserves, which worries analysts.
As of June 30, 2025, accumulated labor income (Tunisian transfers residing abroad) reached 4.03 billion dinars, recording an increase of 8.3% compared to the same period of 2024. This increase confirms the essential contribution of the Tunisian diaspora to the balance of current payments of the country.
In the same line, tourist revenues jumped 8.4% over a year, going from 3 billion dinars to 3.3 billion. A performance which is explained by the sustained recovery of the sector, after the successive crises due to the pandemic and to geopolitical tensions.
On the aspect of external commitments, Tunisia paid 8.2 billion dinars under the external debt service during the first half of 2025, a slight increase of 2.3% compared to the end of June 2024. This moderate increase remains within the limits of forecasts, although pressures on public finances remain strong.
On the other hand, the currency reserves continue their erosion. They amount to nearly 23 billion dinars, the equivalent of 100 days of importation, compared to 24.1 billion (110 days) at the same period last year, a drop of 4.8%. This decrease reflects both the weight of the debt and the growing financing needs of the national economy.
These figures translate a contrasting situation: Tunisia benefits from a revival of vitality in foreign exchange thanks to its diaspora and its tourism, but it remains confronted with a structural fragility marked by an external debt high and declining reserves.
