Country Snapshot

Population (2019, millions)¹ 11.69
Population Projections (2030, millions)¹ 12.75
Economically active population in agriculture (as % of Economically active population)12, 2019 22.7
Capital Tunis
Surface Area (km²)² 155,360
Weather¹¹ In Tunis: Hottest month, August, 21-33°C (average daily minimum and maximum); coldest month, January, 6-14°C; driest month, July, 3 mm average rainfall; wettest month, January, 563 mm average rainfall
Languages³ Official: Arabic
Other Languages: French and Berber
Main Religions³ Main: Muslims – Others: Christian, Jewish, Shia Muslim and Baha’i
Time⁴ Central European Time (CET) +0100 UTC
Driving Orientation⁵ right Side
Internet Country Code⁶ .tn
Country Calling Code +216
Plug, Socket and Voltage⁷ Type C and E- 230V/50Hz
Currency Tunisian Dinar (TND)
Exchange Rate (As of 19 February 2019, per USD)⁸ 2.99
GDP at Market Prices (2018, current, billions of USD)⁹ 39.86
GDP Growth (2018, annual %)⁹ 2.51
Average GDP Growth (2014-2018, annual %)⁹ 1.95
GDP per Capita, PPP (2018, current international $)⁹ 12,483
Inflation, Consumer Prices (2018, annual %)⁹ 7.3
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 5.06
Total Reserves in Months of Imports (2018)⁹ 2.59

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, “Worldwide Driving Orientation by Country”.
⁶Wikipedia, “List of Internet top-level domains”; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
¹²AFDB Socioeconomic Database.

Reasons to Invest in Tunisia

Source: Tunisia Investment Authority – TIA.

Population

Population Projections (millions)

Population (2019) 11.69
Population Projections (2030) 12.75

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019)
Percentage of Population Residing in Urban Areas (2030)

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2014, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 96.2
Youth Literacy Rate, Population 15-24 Years, Female 95.8
Youth Literacy Rate, Population 15-24 Years, Male 96.61

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force)

Unemployment, Total 22.58
Unemployment, Female 12.91
Unemployment, Male 15.47

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+)

Labour Force Participation Rate, Total 46.46
Labour Force Participation Rate, Female 24.07
Labour Force Participation Rate, Male 69.88
Labour Force, Total (number) 4,074,574

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 47.63 43.15 12.39 39.95 39.6
GDP Growth (annual %) 2.97 1.19 1.26 1.82 2.51

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator
Agriculture
Manufacturing
Industry
Services
Construction
Electricity, gas and water
Mining and quarrying
Education
Finance, real estate and business services
Public administration and Defense
Health and Social Work
Other services
Transport, storage and communication
Wholesale and retail trade, hotels and restaurants

Source: AFDB Socio Economic Database.

Trade Profile

Top Import Partners (USD ‘000)

2014 2015 2016 2017 2018
World 24,763,817 20,187,678 19,448,356 20,803,636 22,714,228
Italy 3,651,366 2,981,958 2,841,709 3,239,408 3,572,213
France 4,015,008 3,596,145 3,008,647 3,140,784 3,249,310
China 1,779,256 1,691,235 1,819,591 1,864,096 2,168,126
Germany 1,736,682 1,478,627 1,504,299 1,668,804 1,737,733
Turkey 925,140 787,188 856,531 943,000 1,040,718

Source: COMTRADE Statistics.

Top Export Partners (USD ‘000)

2014 2015 2016 2017 2018
World 15,993,590 13,438,521 12,901,961 13,638,589 14,694,535
Italy 3,202,617 2,596,016 2,364,448 2,358,235 2,474,777
Germany 1,709,158 1,476,550 1,431,174 1,659,799 1,867,668
Spain 593,028 699,668 475,025 542,961 780,929
Libya 667,317 539,927 442,815 396,894 498,732
Algeria 618,585 558,040 664,347 470,403 425,976

Source: COMTRADE Statistics.

Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 24,763,817 20,187,678 19,448,356 20,803,636 22,714,228
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 4,525,898 2,873,028 2,144,246 2,697,940 3,420,480
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 2,813,623 2,536,381 2,755,382 2,928,464 3,256,863
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,547,971 1,891,646 2,119,905 1,951,544 2,055,429
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 1,834,972 1,580,937 1,610,052 1,580,253 1,416,816
39 Plastics and plastic products 1,276,905 1,115,177 1,161,084 1,228,161 1,388,629

Source: COMTRADE Statistics.

Top Export Products (USD ‘000)

Description 2014 2015 2016 2017 2018
All products 16,743,908 14,070,422 13,577,889 14,317,801 15,564,683
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 4,187,446 3,656,531 3,742,148 4,069,550 4,042,414
Articles of apparel and clothing accessories, not knitted or crocheted 2,009,308 1,551,740 1,580,940 1,624,047 1,813,610
Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes 394,572 1,068,166 511,634 530,753 911,534
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,209,085 1,014,677 767,069 853,558 885,730
Articles of apparel and clothing accessories, knitted or crocheted 726,535 599,727 560,227 624,588 626,788

Source: COMTRADE Statistics.

Investment Profile

FDI Inflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inflows 1,064 1,003 885 881 1,036

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outflows 21.8 31.1 241.6 57.5 34.0

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inward Stock 31,562 31,772 28,940 29,171 26,792

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 286 291 461 497 453

Source: United Nations Conference on Trade and Development, World Investment Report 2019

Doing Business

Overall Doing Business Ranking

2020 78/190
2019 88/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 19/190
Procedures (number) 3
Time (days) 9
Cost (% of income per capita*) 2.9
Paid-in Minimum Capital (% of income per capita*) 0.0

*GNI per capita used: USD 3,5000
Source: World Bank, Doing Business, 2019

Paying Taxes

Paying Taxes

2020 Rank 108/190
Payments (number per year) 8
Time (hours per year) 144
Total Tax Rate (% of profit) 60.7
Profit Tax (% of profit) 13.6
Labor Tax and Contributions (% of profit) 25.3
Other Taxes (% of profit) 21.8

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank 90/190
Time to Export: Border Compliance (hours) 12
Cost to Export: Border Compliance (USD) 375
Time to Export: Documentary Compliance (hours) 3
Cost to Export: Documentary Compliance (USD) 200
Time to Import: Border Compliance (hours) 80
Cost to Import: Border Compliance (USD) 596
Time to Import: Documentary Compliance (hours) 27
Cost to Import: Documentary Compliance (USD) 144

Assumptions

Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Law n° 71 of 2016

Investment Incentives

The investment law promulgated on the 17th of September 2016 grants to foreign investors a certain number of benefits:

A very advantageous incentive system by advocating grants and tax exemptions by targeting especially regional development zones, priority sectors with high potential, such us the aircraft sector, automotive sector, ICT and renewable energies besides to a package of incentives for the projects of national interest.

The start-up act” (Law n 20 of 2018)

Source: COMESA Regional Investment Agency (RIA), Practical Guide for Doing Business in Tunisia, and Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018

Country Snapshot

Population (2019, millions)¹ 11.69
Population Projections (2030, millions)¹ 12.75
Economically active population in agriculture (as % of Economically active population)12, 2019 22.7
Capital Tunis
Surface Area (km²)² 155,360
Weather¹¹ In Tunis: Hottest month, August, 21-33°C (average daily minimum and maximum); coldest month, January, 6-14°C; driest month, July, 3 mm average rainfall; wettest month, January, 563 mm average rainfall
Languages³ Official: Arabic
Other Languages: French and Berber
Main Religions³ Main: Muslims – Others: Christian, Jewish, Shia Muslim and Baha’i
Time⁴ Central European Time (CET) +0100 UTC
Driving Orientation⁵ right Side
Internet Country Code⁶ .tn
Country Calling Code +216
Plug, Socket and Voltage⁷ Type C and E- 230V/50Hz
Currency Tunisian Dinar (TND)
Exchange Rate (As of 19 February 2019, per USD)⁸ 2.99
GDP at Market Prices (2018, current, billions of USD)⁹ 39.86
GDP Growth (2018, annual %)⁹ 2.51
Average GDP Growth (2014-2018, annual %)⁹ 1.95
GDP per Capita, PPP (2018, current international $)⁹ 12,483
Inflation, Consumer Prices (2018, annual %)⁹ 7.3
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 5.06
Total Reserves in Months of Imports (2018)⁹ 2.59

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, “Worldwide Driving Orientation by Country”.
⁶Wikipedia, “List of Internet top-level domains”; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
¹²AFDB Socioeconomic Database.

Reasons to Invest in Tunisia

Source: Tunisia Investment Authority – TIA.

Population

Population Projections (millions)

Population (2019) 11.69
Population Projections (2030) 12.75

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019)
Percentage of Population Residing in Urban Areas (2030)

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2014, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 96.2
Youth Literacy Rate, Population 15-24 Years, Female 95.8
Youth Literacy Rate, Population 15-24 Years, Male 96.61

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force)

Unemployment, Total 22.58
Unemployment, Female 12.91
Unemployment, Male 15.47

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+)

Labour Force Participation Rate, Total 46.46
Labour Force Participation Rate, Female 24.07
Labour Force Participation Rate, Male 69.88
Labour Force, Total (number) 4,074,574

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 47.63 43.15 12.39 39.95 39.6
GDP Growth (annual %) 2.97 1.19 1.26 1.82 2.51

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator
Agriculture
Manufacturing
Industry
Services
Construction
Electricity, gas and water
Mining and quarrying
Education
Finance, real estate and business services
Public administration and Defense
Health and Social Work
Other services
Transport, storage and communication
Wholesale and retail trade, hotels and restaurants

Source: AFDB Socio Economic Database.

Trade Profile

Top Import Partners (USD ‘000)

2014 2015 2016 2017 2018
World 24,763,817 20,187,678 19,448,356 20,803,636 22,714,228
Italy 3,651,366 2,981,958 2,841,709 3,239,408 3,572,213
France 4,015,008 3,596,145 3,008,647 3,140,784 3,249,310
China 1,779,256 1,691,235 1,819,591 1,864,096 2,168,126
Germany 1,736,682 1,478,627 1,504,299 1,668,804 1,737,733
Turkey 925,140 787,188 856,531 943,000 1,040,718

Source: COMTRADE Statistics.

Top Export Partners (USD ‘000)

2014 2015 2016 2017 2018
World 15,993,590 13,438,521 12,901,961 13,638,589 14,694,535
Italy 3,202,617 2,596,016 2,364,448 2,358,235 2,474,777
Germany 1,709,158 1,476,550 1,431,174 1,659,799 1,867,668
Spain 593,028 699,668 475,025 542,961 780,929
Libya 667,317 539,927 442,815 396,894 498,732
Algeria 618,585 558,040 664,347 470,403 425,976

Source: COMTRADE Statistics.

Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 24,763,817 20,187,678 19,448,356 20,803,636 22,714,228
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 4,525,898 2,873,028 2,144,246 2,697,940 3,420,480
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 2,813,623 2,536,381 2,755,382 2,928,464 3,256,863
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,547,971 1,891,646 2,119,905 1,951,544 2,055,429
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 1,834,972 1,580,937 1,610,052 1,580,253 1,416,816
39 Plastics and plastic products 1,276,905 1,115,177 1,161,084 1,228,161 1,388,629

Source: COMTRADE Statistics.

Top Export Products (USD ‘000)

Description 2014 2015 2016 2017 2018
All products 16,743,908 14,070,422 13,577,889 14,317,801 15,564,683
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 4,187,446 3,656,531 3,742,148 4,069,550 4,042,414
Articles of apparel and clothing accessories, not knitted or crocheted 2,009,308 1,551,740 1,580,940 1,624,047 1,813,610
Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes 394,572 1,068,166 511,634 530,753 911,534
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,209,085 1,014,677 767,069 853,558 885,730
Articles of apparel and clothing accessories, knitted or crocheted 726,535 599,727 560,227 624,588 626,788

Source: COMTRADE Statistics.

Investment Profile

FDI Inflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inflows 1,064 1,003 885 881 1,036

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outflows 21.8 31.1 241.6 57.5 34.0

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inward Stock 31,562 31,772 28,940 29,171 26,792

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 286 291 461 497 453

Source: United Nations Conference on Trade and Development, World Investment Report 2019

Doing Business

Overall Doing Business Ranking

2020 78/190
2019 88/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 19/190
Procedures (number) 3
Time (days) 9
Cost (% of income per capita*) 2.9
Paid-in Minimum Capital (% of income per capita*) 0.0

*GNI per capita used: USD 3,5000
Source: World Bank, Doing Business, 2019

Paying Taxes

Paying Taxes

2020 Rank 108/190
Payments (number per year) 8
Time (hours per year) 144
Total Tax Rate (% of profit) 60.7
Profit Tax (% of profit) 13.6
Labor Tax and Contributions (% of profit) 25.3
Other Taxes (% of profit) 21.8

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank 90/190
Time to Export: Border Compliance (hours) 12
Cost to Export: Border Compliance (USD) 375
Time to Export: Documentary Compliance (hours) 3
Cost to Export: Documentary Compliance (USD) 200
Time to Import: Border Compliance (hours) 80
Cost to Import: Border Compliance (USD) 596
Time to Import: Documentary Compliance (hours) 27
Cost to Import: Documentary Compliance (USD) 144

Assumptions

Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Law n° 71 of 2016

Investment Incentives

The investment law promulgated on the 17th of September 2016 grants to foreign investors a certain number of benefits:

A very advantageous incentive system by advocating grants and tax exemptions by targeting especially regional development zones, priority sectors with high potential, such us the aircraft sector, automotive sector, ICT and renewable energies besides to a package of incentives for the projects of national interest.

The start-up act” (Law n 20 of 2018)

Source: COMESA Regional Investment Agency (RIA), Practical Guide for Doing Business in Tunisia, and Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018