The Central Bank of Tunisia (BCT) announced a significant narrowing of the current account deficit to 0.4% of GDP in the first two months of 2023, down from 1% in the same period last year.
According to the BCT, this contraction is driven by lower trade deficit, the improvement in tourism receipts and the consolidation of workers’ remittances.
Nevertheless, this performance would have been much better had it not been for the widening of the energy balance, which reached 1,693 million dinars in the first two months of 2023 against 779 million dinars a year earlier.
