29.3 C
Tunisia
Tuesday 21 September 2021
HomeNewsTunisia: foreign investment down 31.6% in Q1 2021 (FIPA)

Tunisia: foreign investment down 31.6% in Q1 2021 (FIPA)

Foreign investment flow dropped by 31.6% to 344.6 MD in the first quarter of 2021 (Q1 2021), compared to the same period in 2020, according to the latest statistics published by the Foreign Investment Promotion Agency (FIPA).

Taking into account the change in the dinar parity, these investments reached $126 million and €104.7 million.

These investments are down 43.3% compared to the same period in 2019 and 38.3% compared to 2018.

They are divided between 341.9 MD of FDI (against 501.7 MD in 2020) and 2.7 MD of portfolio investments (against 1.9 MD in 2020).

The FDI is shared up to 42% for the energy sector, 46.8% for manufacturing industries, 11.2% for services and 0.1% for agriculture.

Foreign investment declined in the sectors of energy by 15.5%, manufacturing by 48% and agriculture by 95.4%.

However, investment in the services sector rose by 87.6%.

As regards the energy sector, Tunisia collected during Q1 2021 only 143.6 MD against 169.8 MD during the same period last year.

The investments drained by the manufacturing industries dropped to 159.9 MD against 307.6 MD at the end of March 2020.

In the agriculture sector, foreign investment is in free fall, going from 4 million dinars during Q1 2020, to 200 thousand dinars in the same period of 2021.

As for services, investments increased to 38.3 MD at the end of March 2021, against 20.4 MD in 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS