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Tunisia: current account deficit widens to 5.8% of GDP at end of August 2022

The Executive Board of the Central Bank of Tunisia (BCT) met on October 5, 2022 and reviewed recent economic and financial developments and the inflation outlook.

At the level of the external sector, the Board took note of the accentuation of the current deficit which amounted to 5.8% of the GDP during the first eight months of 2022, against 3.6% of the GDP one year earlier.

This widening is due to the worsening of the trade deficit which reached 10.1% of GDP, against 6.6% at the end of August 2021.

It should be recalled that the trade deficit amounted to 16.9 billion dinars at the end of August last year, against 10.5 billion a year earlier, a widening of 61%.

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