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Tunisia: Deutsche Bank expects 3% growth this year

The Tunisian economy is expected to achieve a growth of about 3 percent this year as its economy continues to recover from a revolution that toppled its president more than two years ago and led to a recession Deutsche Bank said in a report.

Tunisia’s economy, which relies heavily on exports to Europe which it has a free trade agreement with, grew about 3.6 percent last year, according to the investment bank. France, Italy and Germany, are the country’s largest trading partner accounting for 55 percent of Tunisia’s total exports in 2011.

Tunisia’s economy is well diversified, the bank said, adding that “although agriculture, textile and tourism remain the most important sectors, sectors with high value added (i.e. electrical and mechanical engineering, phosphate and IT industry) are increasingly gaining importance.”


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