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Thursday 24 June 2021
HomeNewsTunisia: GDP growth at 1.2% (Q3 of 2011)

Tunisia: GDP growth at 1.2% (Q3 of 2011)

The growth of Gross Domestic Product (GDP) reached 1.2% (at fixed prices) in the third quarter of 2011 compared with the same period last year, according to the National Statistics Institute (INS).

The institute said this positive growth is the first of the kind recorded since the beginning of this year.

Growth was down 3.2% in the first quarter of 2011 and down 0.3% in the second quarter of this year.

During the first nine months of 2011, the regression of growth was limited to 0.8% compared with the same period last year, while it had reached 1.7% during the first sixth months this year, according to the same source.

The INS explained this increase in economic growth during the third quarter of 2011 by the growth recorded in the manufacturing industries’ sector (1.6%) compared with the same period in 2010.

The development of manufacturing industries has resulted from the growth of the sectors of food industries (4.8%), textile and clothing and leather (3.5%) and electronic and mechanical industries (4.4%) compared with the same period last year.

The annual slide of the services sector fell by 0.1% against -3% in the second quarter of 2011.

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