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Tunisia: current account deficit widens to 2.7% of GDP in first four months of 2022

The Executive Board of the Central Bank of Tunisia (BCT) noted at its meeting Tuesday a widening of the current account deficit, which amounted to 2.7% of GDP in the first four months of 2022, against a deficit of 1.7% in 2021.

This widening is mainly the result of the deterioration of the trade deficit by 50% at the end of last April to 6.6 billion dinars.

In addition, the level of foreign exchange reserves stood at 23,655 million dinars or 124 days of imports, on May 16, 2022, against 23,313 million dinars and 133 days at the end of 2021.

The current account balance represents the balance of monetary flows of Tunisia related to international trade.

It is composed of the trade balance, the balance of services, the balance of income and the balance of current transfers.

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