During its meeting on February 5, the Executive Board of the Central Bank of Tunisia (BCT) announced that the strong performance of the services balance and factor income continued to support the current account and mitigate the impact of the widening trade deficit.
Indeed, the current account deficit decreased to 2,748 million dinars, or 1.7% of GDP, at the end of 2024, compared to -3,484 million dinars, or 2.3% of GDP, in 2023. Excluding energy, the current account recorded a surplus of 8,122 million dinars in 2024, up from 6,182 million dinars in 2023.
The BCT Executive Board noted that the improvement in the external sector’s performance allowed for the replenishment of foreign exchange reserves by the end of 2024.
These reserves totaled 27,332 million dinars (equivalent to 121 days of imports) at the end of December 2024.
However, they declined to 23,266 million dinars (equivalent to 103 days of imports) as of February 4, 2025, primarily due to the repayment of a significant installment related to external public debt servicing.
