Tunisia: Staff Report for the Article IV Consultation

Author: International Monetary Fund

This 1999 Article IV Consultation highlights that despite a contraction of agricultural production, Tunisia's GDP grew by 5 percent in 1998. Gross fixed capital formation (27.5 percent of GDP), notably in Tunisia's traditional and new export sectors, was the most dynamic component of aggregate demand. The external current account deficit widened only slightly to 3.4 percent of GDP owing to a commensurate increase in the saving rate. Growth of exports of goods and services slowed primarily owing to a decline in sales of crude oil and food products.

Volume/Issue: Volume 1999 Issue 104

Publication date: September 1999

ISBN: 9781451837766

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , ISCR , CR , government , deficit , economic statistics , inflation objective , IMF staff estimate , short-term debt , private sector , exchange rate , banking system , money market , interest rate , Privatization , Public enterprises , Commercial banks , Exports , Europe

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Summary

This 1999 Article IV Consultation highlights that despite a contraction of agricultural production, Tunisia’s GDP grew by 5 percent in 1998. Gross fixed capital formation (27.5 percent of GDP), notably in Tunisia’s traditional and new export sectors, was the most dynamic component of aggregate demand. The external current account deficit widened only slightly to 3.4 percent of GDP owing to a commensurate increase in the saving rate. Growth of exports of goods and services slowed primarily owing to a decline in sales of crude oil and food products.