Tunisia’s current account deficit narrowed to 2.731 million dinars at the end of April 2026, representing 1.5% of GDP
According to recently published data by the Central Bank of Tunisia (BCT).
This is a gradual improvement compared to the same period the previous year, when the deficit stood at 2.957 million dinars (or 1.7% of GDP).
This macroeconomic relief does not stem from a calm in merchandise trade. On the contrary, the trade deficit has widened, largely driven by the surge in the country’s energy bill.
If Tunisia is managing to turn the situation around, it is thanks to the strength of its invisible flows.
The BCT highlights the “solid performance” of two essential drivers: the services balance, boosted in particular by the dynamism of tourism activity, and factor income, supported by the steady flow of remittances from Tunisians living abroad.
These two pillars have acted as genuine shock absorbers, offsetting the foreign currency outflows linked to imports of energy products.
For the monetary authorities, the challenge in the coming months will be to maintain this course while pressures on basic commodities remain acute.
