Tunisia’s GDP growth quickens to 3.2% y/y in Q2 2013

By bne IntelliNews August 16, 2013

Tunisia's real GDP growth speeded up to 3.2% y/y in Q2 from 2.6% in the previous quarter on higher manufacturing and services output, the statistics office INS said in a statement. GDP growth was also 3.2% a year earlier.

Industrial output, which grew 2.9% y/y in January-May has been recording positive growth over the past eleven months underpinned by strong external demand and related exports. The relatively stable security situation has also helped boost the services output. The mining and quarrying sector, however, remained in the red shrinking 2.6% y/y in Q2.

The manufacturing output grew 4.8% y/y during the quarter lifted by an 18.9% expansion in chemicals and a 4.8% growth in the textiles sector. Food industries also remained strong, rising 4.8% in Q2. Textiles (up 3.0% y/y) and mechanical and electrical appliances (up 2.6%) also helped boost GDP growth in Q2.

Tunisia’s GDP growth will quicken to 4.0% in 2013 from 3.6% the year before, the IMF said in its World Economic Outlook published in April 2013.

Related Articles

Trump warns US pullout from "horrible" Iran nuclear deal might still be ahead

US President Donald Trump on October 16 warned that the termination of the Iran nuclear deal is still a clear possibility even though he ... more

Pentagon chief suggests staying in Iran nuclear deal is in US interests

US Defence Secretary Jim Mattis on October 3 told the Senate Armed Services Committee that it currently appears to be in the strategic interest of Washington to remain in the Iran nuclear deal. ... more

Iran will in six years accept stricter nuclear inspections if US behaves, says foreign minister

Iran’s foreign minister has said the country is willing to formally accept a tougher nuclear inspection regime in six years. However, Mohammad Javad Zarif continued to rule out any renegotiation of ... more