The reduction of the trade deficit to 4.6 billion dinars (or 3.8% of GDP) at the end of May 2021, against 4.9 billion (or 4.5% of GDP) a year earlier, combined with the good performance of labor income (expat remittances), have promoted a mitigation of the current account deficit.
The latter stood at 3.38 billion dinars (or 2.8% of GDP) at the end of May 2021, against 3.85 billion (or 3.5% of GDP) at the end of May 2020, according to a note published by the Central Bank of Tunisia.
Excluding energy, the current account deficit fell from 1.9 billion (or 1.7% of GDP) at the end of the first five months of 2020, to 1.6 billion dinars (or 1.3% of GDP) at the end of May 2021.
