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The Tunisian economy recorded a growth rate of 1.6% in the first quarter of 2025

by Webdo
Thursday 15 May 2025 11:22
in National

The gross domestic product (GDP) in volume of Tunisia, corrected for seasonal variations, recorded an increase of 1.6% during the first quarter of the year 2025 compared to the same period of the previous year, according to data published this Thursday by the National Institute of Statistics (INS). Throughout the year 2024, the Tunisian economy had recorded growth of 1.4%.

This annual increase is mainly carried by the agricultural sector, whose added value increased by 0.7%, contributing up to 0.59 points to overall growth. The industrial sector, for its part, displayed an increase of 0.5%, while the services continued their positive dynamics with growth of 1.1%, providing 0.66 point to GDP growth.

Ins also highlights a clear increase in domestic demand (consumption and investment), estimated at +3.7%, with a significant 4 -point contribution to quarterly growth. On the other hand, net foreign trade has had a negative impact on the economy. The faster growth in imports (+8.6%) compared to that of exports (+4.5%) led to an unfavorable contribution of -2.4 points to GDP.

Over the entire year 2024, the annual GDP growth had experienced an ascending trajectory: 0.3% in the first quarter, 1% in the second, 1.8% in the third, reaching 2.4% in the fourth quarter.

This being the International Monetary Fund (IMF) predicts growth of 1.4% for the 1920s and 2026. By 2029, growth should slow more to reach 1.2%.

For its part, the European Bank for Reconstruction and Development (BERD), estimates that the Tunisian economy should record moderate growth of 1.8% in 2025 and reach 2.2% in 2026.

In its latest regional forecasts published in April, the World Bank, on the other hand, tapped on a growth of 1.9% for Tunisia in 2025.

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