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Tunisia: GDP grows by 1.2% in Q1

Tunisia’s GDP grew by 1.2% during the first quarter 2012 at constant prices, compared to the fourth quarter of 2011, according to statistics released by the INS (National Statistics Institute).

Growth rate reached 4.8% year on year, while it fell by 3.7% during the first quarter of 2011, impacted by the revolution of January 14, 2011.

The INS thus confirms the positive growth. It, however, invalidates the assertion, a few weeks ago, by a member of the Tunisian government, that growth exceeded 2% during the first quarter of this year.

The resumption of growth (4.8%), results, according to the National Institute of Statistics, from the increase in the value added of most sectors including manufacturing industries (4.6%), following increased production in chemical industries (19.8%) and mechanical and electrical industries (3.7%).

Production of non-manufacturing industries is also in progress, including the mining sector (20.4%). The trend is also up for market services, which increased 6.7%, compared to the first quarter of 2011, underpinned by a relative improvement of hotel services, cafes, restaurants and transportation.


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